Electric Power Planning For Regulated And Deregulated Markets

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Electric Power Planning for Regulated and Deregulated Markets

Author : Arthur Mazer
Publisher : John Wiley & Sons
ISBN 13 : 0470130563
Total Pages : 335 pages
Book Rating : 4.4/5 (71 download)

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Book Synopsis Electric Power Planning for Regulated and Deregulated Markets by : Arthur Mazer

Download or read book Electric Power Planning for Regulated and Deregulated Markets written by Arthur Mazer and published by John Wiley & Sons. This book was released on 2007-06-11 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the industry environment transforms from a completely regulated setting to a broader, deregulated marketplace, new market participants must understand planning and operations of power systems to effectively participate in markets. This industry overview provides a description of utility operations and traditional planning, and then explains asset management, investment analysis, and risk management within the context of a market environment. Written to provide a broad, working knowledge of the industry, Electric Power Planning for Regulated and Deregulated Markets: Includes descriptions of generation and transmission network equipment Provides an overview of the regulatory framework, system design and systems operations for ensuring reliable delivery of power Presents system planning across different time horizons with the objective of minimizing power production costs Explains the principles and architecture of a market environment coupling operational imperatives with financial transactions Addresses approaches of various participants, including power producers, retailers, and integrated energy companies toward bidding in day ahead markets, managing risks in forward markets, portfolio development and investment analysis Provides numerous examples addressing cost minimization, price forecasting, contract valuation, portfolio risk measurement and others Examines past news events and explains what went wrong at Three Mile Island, the Northeast blackout of 2003, and the California energy crisis This is an ideal reference for professionals in the public and private power service sectors such as engineers, lawyers, systems specialists, economists, financial analysts, policy analysts, and applied mathematicians.

Economic Market Design and Planning for Electric Power Systems

Author : James A. Momoh
Publisher : John Wiley & Sons
ISBN 13 : 0470529156
Total Pages : 311 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Economic Market Design and Planning for Electric Power Systems by : James A. Momoh

Download or read book Economic Market Design and Planning for Electric Power Systems written by James A. Momoh and published by John Wiley & Sons. This book was released on 2009-11-19 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover cutting-edge developments in electric power systems Stemming from cutting-edge research and education activities in the field of electric power systems, this book brings together the knowledge of a panel of experts in economics, the social sciences, and electric power systems. In ten concise and comprehensible chapters, the book provides unprecedented coverage of the operation, control, planning, and design of electric power systems. It also discusses: A framework for interdisciplinary research and education Modeling electricity markets Alternative economic criteria and proactive planning for transmission investment in deregulated power systems Payment cost minimization with demand bids and partial capacity cost compensations for day-ahead electricity auctions Dynamic oligopolistic competition in an electric power network and impacts of infrastructure disruptions Reliability in monopolies and duopolies Building an efficient, reliable, and sustainable power system Risk-based power system planning integrating social and economic direct and indirect costs Models for transmission expansion planning based on reconfiguration capacitor switching Next-generation optimization for electric power systems Most chapters end with a bibliography, closing remarks, conclusions, or future work. Economic Market Design and Planning for Electric Power Systems is an indispensable reference for policy-makers, executives and engineers of electric utilities, university faculty members, and graduate students and researchers in control theory, electric power systems, economics, and the social sciences.

Markets for Power

Author : Paul L. Joskow
Publisher : MIT Press (MA)
ISBN 13 : 9780262600187
Total Pages : 269 pages
Book Rating : 4.6/5 (1 download)

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Book Synopsis Markets for Power by : Paul L. Joskow

Download or read book Markets for Power written by Paul L. Joskow and published by MIT Press (MA). This book was released on 1988-08-01 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely study evaluates four generic proposals for allowing free market forces toreplace government regulation in the electric power industry and concludes that none of thederegulation alternatives considered represents a panacea for the performance failures associatedwith things as they are now. It proposes a balanced program of regulatory reform and deregulationthat promises to improve industry performance in the short run, resolve uncertainties about thecosts and benefits of deregulation, and positions the industry for more extensive deregulation inthe long run should interim experimentation with deregulation, structural, and regulatory reformsmake it desirable.The book integrates modern microeconomic theory with a comprehensive analysis ofthe economic, technical, and institutional characteristics of modern electrical power systems. Itemphasizes that casual analogies to successful deregulation efforts in other sectors of the economyare an inadequate and potentially misleading basis for public policy in the electric power industry,which has economic and technical characteristics that are quite different from those in otherderegulated industries.Paul L. Joskow is Professor of Economics at MIT, author of ControllingHospital Costs (MIT Press 1981) and coauthor with Martin L. Baughman and Dilip P. Kamat of ElectricPower in the United States (MIT Press 1979). Richard Schmalensee, also at MIT, is Professor ofApplied Economics, author of The Economics of Advertising and The Control of Natural Monopolies, andeditor of The MIT Press Series, Regulation of Economic Activity.

Electric Choices

Author : Andrew N. Kleit
Publisher : Rowman & Littlefield
ISBN 13 : 9780742548763
Total Pages : 260 pages
Book Rating : 4.5/5 (487 download)

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Book Synopsis Electric Choices by : Andrew N. Kleit

Download or read book Electric Choices written by Andrew N. Kleit and published by Rowman & Littlefield. This book was released on 2007 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electricity industry, one of the largest and most vital sectors of the U.S. economy, has changed dramatically in recent years. After being heavily regulated for more than a century by authorities at all levels, deregulation is taking center stage, allowing for enormous efficiency gains. Electric Choices explores the difficult questions surrounding deregulation and urges Americans to continue the transition to a market-based model.

Electricity Generation and Transmission Planning in Deregulated Power Markets

Author : Yang He
Publisher :
ISBN 13 :
Total Pages : 302 pages
Book Rating : 4.:/5 (659 download)

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Book Synopsis Electricity Generation and Transmission Planning in Deregulated Power Markets by : Yang He

Download or read book Electricity Generation and Transmission Planning in Deregulated Power Markets written by Yang He and published by . This book was released on 2007 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation addresses the long-term planning of power generation and transmission facilities in a deregulated power market. Three models with increasing complexities are developed, primarily for investment decisions in generation and transmission capacity. The models are presented in a two-stage decision context where generation and transmission capacity expansion decisions are made in the first stage, while power generation and transmission service fees are decided in the second stage. Uncertainties that exist in the second stage affect the capacity expansion decisions in the first stage. The first model assumes that the electric power market is not constrained by transmission capacity limit. The second model, which includes transmission constraints, considers the interactions between generation firms and the transmission network operator. The third model assumes that the generation and transmission sectors make capacity investment decisions separately. These models result in Nash-Cournot equilibrium among the unregulated generation firms, while the regulated transmission network operator supports the competition among generation firms. Several issues in the deregulated electric power market can be studied with these models such as market powers of generation firms and transmission network operator, uncertainties of the future market, and interactions between the generation and transmission sectors. Results deduced from the developed models include (a) regulated transmission network operator will not reserve transmission capacity to gain extra profits; instead, it will make capacity expansion decisions to support the competition in the generation sector; (b) generation firms will provide more power supplies when there is more demand; (c) in the presence of future uncertainties, the generation firms will add more generation capacity if the demand in the future power market is expected to be higher; and (d) the transmission capacity invested by the transmission network operator depends on the characteristic of the power market and the topology of the transmission network. Also, the second model, which considers interactions between generation and transmission sectors, yields higher social welfare in the electric power market, than the third model where generation firms and transmission network operator make investment decisions separately.

The End of a Natural Monopoly

Author : Daniel H. Cole
Publisher : Routledge
ISBN 13 : 1135697019
Total Pages : 243 pages
Book Rating : 4.1/5 (356 download)

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Book Synopsis The End of a Natural Monopoly by : Daniel H. Cole

Download or read book The End of a Natural Monopoly written by Daniel H. Cole and published by Routledge. This book was released on 2003-07-17 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation. After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation. This important book critically analyses this controversial area from a legal and economic perspective.

Designing Competitive Electricity Markets

Author : Hung-po Chao
Publisher : Springer Science & Business Media
ISBN 13 : 1461555477
Total Pages : 213 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Designing Competitive Electricity Markets by : Hung-po Chao

Download or read book Designing Competitive Electricity Markets written by Hung-po Chao and published by Springer Science & Business Media. This book was released on 2013-12-01 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors are prominent economists, operation researchers, and engineers who have been instrumental in the development of the conceptual framework for electric power restructuring both in the United States and in other countries. Rather than espousing a particular market design for the industry's future, each author focuses on an important issue or set of issues and tries to frame the questions for designing electricity markets using an international perspective. The book focuses on the economic and technical questions important in understanding the industry's long-term development rather than providing immediate answers for the current political debates on industry competition.

Competitive Electricity Markets

Author : Fereidoon Sioshansi
Publisher : Elsevier
ISBN 13 : 0080557716
Total Pages : 625 pages
Book Rating : 4.0/5 (85 download)

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Book Synopsis Competitive Electricity Markets by : Fereidoon Sioshansi

Download or read book Competitive Electricity Markets written by Fereidoon Sioshansi and published by Elsevier. This book was released on 2011-10-10 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide

Market Operations in Electric Power Systems

Author : Mohammad Shahidehpour
Publisher : John Wiley & Sons
ISBN 13 : 0471463949
Total Pages : 552 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis Market Operations in Electric Power Systems by : Mohammad Shahidehpour

Download or read book Market Operations in Electric Power Systems written by Mohammad Shahidehpour and published by John Wiley & Sons. This book was released on 2003-05-28 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.

Deregulation, Innovation and Market Liberalization

Author : L. Lynne Kiesling
Publisher : Routledge
ISBN 13 : 1135979812
Total Pages : 200 pages
Book Rating : 4.1/5 (359 download)

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Book Synopsis Deregulation, Innovation and Market Liberalization by : L. Lynne Kiesling

Download or read book Deregulation, Innovation and Market Liberalization written by L. Lynne Kiesling and published by Routledge. This book was released on 2008-09-03 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book delves into regulatory and technological change affecting the electricity industry and provides a previously unexplored synthesis of new institutional economics, experimental economics, evolutionary economics, and network theory.

Understanding Electric Utilities and De-Regulation

Author : H. Lee Willis
Publisher : CRC Press
ISBN 13 : 142002826X
Total Pages : 520 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Understanding Electric Utilities and De-Regulation by : H. Lee Willis

Download or read book Understanding Electric Utilities and De-Regulation written by H. Lee Willis and published by CRC Press. This book was released on 2018-10-03 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Power interruptions of the scale of the North American Blackout of 2003 are rare, but they still loom as a possibility. Will the aging infrastructure fail because deregulated monopolies have no financial incentives to upgrade? Is centralized planning becoming subordinate to market forces? Understanding Electric Utilities and De-Regulation, Second Edition provides an updated, non-technical description that sheds light on the nature of the industry and the issues involved in its transition away from a regulated environment. The book begins by broadly surveying the industry, from a regulated utility structure to the major concepts of de-regulation to the history of electricity, the technical aspects, and the business of power. Then, the authors delve into the technologies and functions on which the industry operates; the many ways that power is used; and the various means of power generation, including central generating stations, renewable energy, and single-household size generators. The authors then devote considerable attention to the details of regulation and de-regulation. To conclude, one new chapter examines aging infrastructures and reliability of service, while another explores the causes of blackouts and how they can be prevented. Based on the authors' extensive experience, Understanding Electric Utilities and De-Regulation, Second Edition offers an up-to-date perspective on the major issues impacting the daily operations as well as the long-term future of the electric utilities industry.

Uncertainty in the Electric Power Industry

Author : Christoph Weber
Publisher : Springer Science & Business Media
ISBN 13 : 0387230483
Total Pages : 312 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Uncertainty in the Electric Power Industry by : Christoph Weber

Download or read book Uncertainty in the Electric Power Industry written by Christoph Weber and published by Springer Science & Business Media. This book was released on 2006-01-06 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Around the world, liberalization and privatization in the electricity industry have lead to increased competition among utilities. At the same time, utilities are now exposed more than ever to risk and uncertainties, which they cannot pass on to their customers through price increases as in a regulated environment. Especially electricity-generating companies have to face volatile wholesale prices, fuel price uncertainty, limited long-term hedging possibilities and huge, to a large extent, sunk investments. In this context, Uncertainty in the Electric Power Industry: Methods and Models for Decision Support aims at an integrative view on the decision problems that power companies have to tackle. It systematically examines the uncertainties power companies are facing and develops models to describe them - including an innovative approach combining fundamental and finance models for price modeling. The optimization of generation and trading portfolios under uncertainty is discussed with particular focus on CHP and is linked to risk management. Here the concept of integral earnings at risk is developed to provide a theoretically sound combination of value at risk and profit at risk approaches, adapted to real market structures and market liquidity. Also methods for supporting long-term investment decisions are presented: technology assessment based on experience curves and operation simulation for fuel cells and a real options approach with endogenous electricity prices.

Electricity Economics

Author : Geoffrey S. Rothwell
Publisher : Wiley-IEEE Press
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Electricity Economics by : Geoffrey S. Rothwell

Download or read book Electricity Economics written by Geoffrey S. Rothwell and published by Wiley-IEEE Press. This book was released on 2003-02-14 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written originally as a manual for the Federal Energy Commission to train regional rate regulators, this is a clear, comprehensive primer on the principles of economics and finance underlying the regulation of electricity markets and the deregulation of electricity generation.

Regulation of the Power Sector

Author : Ignacio J. Pérez-Arriaga
Publisher : Springer Science & Business Media
ISBN 13 : 1447150341
Total Pages : 735 pages
Book Rating : 4.4/5 (471 download)

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Book Synopsis Regulation of the Power Sector by : Ignacio J. Pérez-Arriaga

Download or read book Regulation of the Power Sector written by Ignacio J. Pérez-Arriaga and published by Springer Science & Business Media. This book was released on 2014-02-26 with total page 735 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation of the Power Sector is a unified, consistent and comprehensive treatment of the theories and practicalities of regulation in modern power-supply systems. The need for generation to occur at the time of use occasioned by the impracticality of large-scale electricity storage coupled with constant and often unpredictable changes in demand make electricity-supply systems large, dynamic and complex and their regulation a daunting task. Arranged in four parts, this book addresses both traditional regulatory frameworks and also liberalized and re-regulated environments. First, an introduction gives a full characterization of power supply including engineering, economic and regulatory viewpoints. The second part presents the fundamentals of regulation and the third looks at the regulation of particular components of the power sector in detail. Advanced topics and subjects still open or subject to dispute form the content of Part IV. In a sector where regulatory design is the key driver of both the industry efficiency and the returns on investment, Regulation of the Power Sector is directed at regulators, policy decision makers, business managers and researchers. It is a pragmatic text, well-tested by the authors’ quarter-century of experience of power systems from around the world. Power system professionals and students at all levels will derive much benefit from the authors’ wealth of blended theory and real-world-derived know-how.

Electricity Market Reform

Author : Fereidoon Sioshansi
Publisher : Elsevier
ISBN 13 : 0080462715
Total Pages : 687 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis Electricity Market Reform by : Fereidoon Sioshansi

Download or read book Electricity Market Reform written by Fereidoon Sioshansi and published by Elsevier. This book was released on 2006-04-13 with total page 687 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the late 1980s, policy makers and regulators in a number of countries have liberalized, restructured or “deregulated their electric power sector, typically by introducing competition at the generation and retail level. These experiments have resulted in vastly different outcomes - some highly encouraging, others utterly disastrous. However, many countries continue along the same path for a variety of reasons. Electricity Market Reform examines the most important competitive electricity markets around the world and provides definitive answers as to why some markets have performed admirably, while others have utterly failed, often with dire financial and cost consequences. The lessons contained within are direct relevance to regulators, policy makers, the investment community, industry, academics and graduate students of electricity markets worldwide. Covers electicity market liberalization and deregulation on a worldwide scale Features expert contributions from key people within the electricity sector

Electricity Restructuring in the United States

Author : Steve Isser
Publisher : Cambridge University Press
ISBN 13 : 1316300862
Total Pages : 527 pages
Book Rating : 4.3/5 (163 download)

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Book Synopsis Electricity Restructuring in the United States by : Steve Isser

Download or read book Electricity Restructuring in the United States written by Steve Isser and published by Cambridge University Press. This book was released on 2015-04-16 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric utility industry in the US is technologically complex, and its structure as a classic network industry makes it intricate in business terms as well, so deregulation of such a complicated industry was a particularly detailed process. Steve Isser provides a detailed and comprehensive analysis of the history of the transformation of this complex industry from the 1978 Energy Policy Act to the present, covering the economic, legal, regulatory, and political issues and controversies in the transition from regulated utilities to competitive electricity markets. The book is a multidisciplinary study that includes a comprehensive review of the economic literature on electricity markets, the political environment of electricity policymaking, administrative and regulatory rulemaking, and the federal case law that restrained state and federal regulation of electricity. Isser offers a valuable case study of the pitfalls and problems associated with the deregulation of a complex network industry.

Electricity Deregulation

Author : James M. Griffin
Publisher : University of Chicago Press
ISBN 13 : 0226308588
Total Pages : 453 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Electricity Deregulation by : James M. Griffin

Download or read book Electricity Deregulation written by James M. Griffin and published by University of Chicago Press. This book was released on 2009-11-15 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by producing electricity at lower costs and passing those cost savings on to customers. As Electricity Deregulation shows, successful deregulation is possible, although it is by no means a hands-off process—in fact, it requires a substantial amount of design and regulatory oversight. This collection brings together leading experts from academia, government, and big business to discuss the lessons learned from experiences such as California's market meltdown as well as the ill-conceived policy choices that contributed to those failures. More importantly, the essays that comprise Electricity Deregulation offer a number of innovative prescriptions for the successful design of deregulated electricity markets. Written with economists and professionals associated with each of the network industries in mind, this comprehensive volume provides a timely and astute deliberation on the many risks and rewards of electricity deregulation.