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Lessons From International Experience With Electricity Market Monitoring
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Book Synopsis Lessons from International Experience with Electricity Market Monitoring by : Frank A. Wolak
Download or read book Lessons from International Experience with Electricity Market Monitoring written by Frank A. Wolak and published by World Bank Publications. This book was released on 2005 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than 10 years of experience with the electricity industry restructuring process has shown that market failures are more likely and substantially more harmful to consumers than other market failures because of how electricity is produced and delivered and the crucial role it plays in the modern economy. Wholesale market meltdowns of varying magnitudes and durations have occurred in electricity markets around the world, and many of them could have been prevented if a prospective market monitoring process backed by the prevailing regulatory authority had been in place at the start of the market."
Book Synopsis Lessons from International Experience with Electricity Market Monitoring by : Frank A. Wolak
Download or read book Lessons from International Experience with Electricity Market Monitoring written by Frank A. Wolak and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The author first describes those features of the electricity supply industry that make a prospective market monitoring process essential to a well-functioning wholesale market. Some of these features are shared with the securities industry, although the technology of electricity production and delivery make a reliable transmission network a necessary condition for an efficient wholesale market. These features of the electricity supply industry also make antitrust or competition law alone an inadequate foundation for an electricity market monitoring process. The author provides examples of both the successes and failures of market monitoring from several international markets. More than 10 years of experience with the electricity industry restructuring process has shown that market failures are more likely and substantially more harmful to consumers than other market failures because of how electricity is produced and delivered and the crucial role it plays in the modern economy. Wholesale market meltdowns of varying magnitudes and durations have occurred in electricity markets around the world, and many of them could have been prevented if a prospective market monitoring process backed by the prevailing regulatory authority had been in place at the start of the market.
Book Synopsis Lessons from Liberalised Electricity Markets by : International Energy Agency
Download or read book Lessons from Liberalised Electricity Markets written by International Energy Agency and published by . This book was released on 2005 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: "After a decade or more of experiences in reforming electricity markets in several pioneer regions, some important lessons can now be drawn. This book gives an assessment of these developments, focusing on the issues that are critical for successful electricity market liberalization. One lesson is that it is a long process which requires strong on-going government involvement and commitment. Experiences and examples in the study are mainly drawn from the UK, Australian, Nordic and North Eastern United States (the PJM interconnection) markets, which have all operated with considerable success for a number of years. They have improved efficiency without jeopardizing system security. These markets are described in greater detail in annexes of the book but the main analysis focuses on key issues rather than on specific countries and regions or specific market models. The study explores different solutions used in those relatively robust markets and the remaining challenges."--Publisher description.
Author :Maria Kopsakangas-Savolainen Publisher :Springer Science & Business Media ISBN 13 :1447129717 Total Pages :142 pages Book Rating :4.4/5 (471 download)
Book Synopsis Modern Energy Markets by : Maria Kopsakangas-Savolainen
Download or read book Modern Energy Markets written by Maria Kopsakangas-Savolainen and published by Springer Science & Business Media. This book was released on 2012-04-02 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy has moved to the forefront in terms of societal and economic development. Modern Energy Markets is a comprehensive, economically oriented, exploration of modern electricity networks from production and distribution to deregulation and liberalization processes. Updating previous work by the authors, different aspects are considered resulting in a complete and detailed picture of the systems and characteristics of modern electricity markets. Modern Energy Markets provides clear detail whilst encompassing a broad scope of topics and includes: •A method to model energy production systems including the main characteristics of future demand side management, •Different applications of this model in nuclear and renewable energy scenarios, •An analysis of Real-Time Pricing of electricity and its potential effects across the market, and, •A discussion of the need for regulation in an easily monopolized industry. Engineering and Economics students alike will find that Modern Energy Markets is a succinct and informative resource, as will researchers interested in environmental and energy issues. The inclusion of timely and relevant issues related to economic decision will also be of value to industry and civil officials.
Book Synopsis International Handbook on the Economics of Energy by : Lester C. Hunt
Download or read book International Handbook on the Economics of Energy written by Lester C. Hunt and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 849 pages. Available in PDF, EPUB and Kindle. Book excerpt: As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics. Themes addressed include the theory of energy supply, demand and policy, empirical modelling of energy demand, holistic energy models, an analysis of coal, gas, electricity, oil and the markets within which they operate, and a discussion of the current key energy policy issues. The topics of pricing, transmission, regulation, security, energy efficiency, new technologies and climate change are also discussed. The International Handbook on the Economics of Energy presents a comprehensive overview of the state-of-the-art research making it an indispensable reference for researchers, advanced students, practitioners and policy-makers alike.
Book Synopsis Learning from the Blackouts by : International Energy Agency
Download or read book Learning from the Blackouts written by International Energy Agency and published by OECD Publishing. This book was released on 2005 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity market reform has fundamentally changed the environment for maintaining reliable and secure power supplies. Growing inter-regional trade has placed new demands on transmission systems, creating a more integrated and dynamic network environment with new real-time challenges for reliable and secure transmission system operation. Despite these fundamental changes, system operating rules and practices remain largely unchanged. The major blackouts of 2003 and 2004 raised searching questions about the appropriateness of these arrangements. Management of system security needs to be transformed to maintain reliable electricity services in this more dynamic operating environment. These challenges raise fundamental issues for policymakers. This publication presents case studies drawn from recent large-scale blackouts in Europe, North America, and Australia. It concludes that a comprehensive, integrated policy response is required to avoid preventable large-scale blackouts in the future.--Publisher summary.
Book Synopsis Energy Issues and Transition to a Low Carbon Economy by : Francisco J. Lozano
Download or read book Energy Issues and Transition to a Low Carbon Economy written by Francisco J. Lozano and published by Springer Nature. This book was released on 2021-08-10 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: Without energy, there is no well-functioning economy, besides facing social risks. This book provides a systemic approach to energy in Mexico and its relations to the USA arising from the energy reform of the former. It covers the transition from fossil fuels to a low-carbon economy, relying heavily on renewable sources and mitigating climate change risks. Several human knowledge disciplines and topics are covered in the book, including public policy, economics, transboundary issues, electricity and thermal energy, residual biomass use, distributed energy systems and its management, and decision-making tools. An analysis is considered regarding energy issues interaction in the Mexican-USA border, which differ in both countries from pricing and policy, and the work and research that has been developed for transboundary energy trade.
Book Synopsis Getting the Most Out of Free Trade Agreements in Central America by : J. Humberto Lopez
Download or read book Getting the Most Out of Free Trade Agreements in Central America written by J. Humberto Lopez and published by World Bank Publications. This book was released on 2011-06-21 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main message of the study is that Central America's ability to exploit the opportunities created by ongoing trade liberalization will depend on the ability of the region to implement a complementary policy agenda that creates an enabling policy and institutional environment.
Book Synopsis Integrating regulated network markets in Europe by :
Download or read book Integrating regulated network markets in Europe written by and published by "la Caixa". This book was released on with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Electricity Reform in Europe by : Jean-Michel Glachant
Download or read book Electricity Reform in Europe written by Jean-Michel Glachant and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . this volume comes across as one of the most profound sources on the specifics of European electricity market restructuring. Competition and Regulation in Network Industries The SESSA study on the Internal Energy Market was an important and influential contribution towards the Commission s proposal for a third package of proposals, intending to bring more effective competition and better security of supply to Europe s energy markets. This volume, based on the results of the study is an important and welcome contribution to the ongoing debate on these proposals. Andris Piebalgs, Commissioner for Energy at the European Commission The chapters in this book are written by the leading European scholars who have studied the structure, behavior and performance of liberalised electricity markets in many European countries as well as in other regions of the world. Both the analyses and the policy recommendations contained in this volume are well worth careful consideration by policymakers in Europe, as well as by policymakers in other countries that are seeking to adopt successful electricity sector liberalisation programs. From the foreword by Paul L. Joskow, Massachusetts Institute of Technology, US Dynamism or dissipation? Competition or national champions? Will enlargement promote or delay reform? Energy economists contemplate the challenges posed by the restless and discontent European Commission. Stephen Littlechild, University of Birmingham and Judge Institute for Management Studies, University of Cambridge, UK The challenge of European electricity reform is being met, although gradually, delays notwithstanding. This book provides precious help in spotting where the necessary further efforts should be directed. In the US mistakes and delays have occurred, no less than in Europe, but an aggressive federal regulator (absent in Europe) is working to overcome them. Electricity markets do not happen, they have to be built. Here are suggestions for a workable European market design. No ideology, just competence and wisdom from both theory and experience. Will Europe learn? Pippo Ranci, Università Cattolica del Sacro Cuore, Italy The realisation of a European internal market for energy is still a work in progress. Written by leading European scholars and discussed with major energy stakeholders, this book presents a thorough analysis of the motives and methods needed to achieve a single European energy market. The authors discuss the critical issues surrounding an internal European energy market including: market design, competition and market power, sustainable energy versus the market, regulation and harmonisation, benchmarking and indicators, modelling of competition, market prices and energy forecasts. They provide a multi-disciplinary assessment of the best way to build the market base of a future European energy policy. Electricity Reform in Europe will be of great interest to decision makers and managers in the energy industry or business sector as they will be able to see the whole European energy policy picture beyond their own corporate interests. The book will also appeal to national and European energy administrations, regulatory bodies and policy makers providing a synthesis of all relevant policy issues.
Book Synopsis Smart Grid Applications and Developments by : Daphne Mah
Download or read book Smart Grid Applications and Developments written by Daphne Mah and published by Springer. This book was released on 2014-07-25 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Meeting today’s energy and climate challenges require not only technological advancement but also a good understanding of stakeholders’ perceptions, political sensitivity, well-informed policy analyses and innovative interdisciplinary solutions. This book will fill this gap. This is an interdisciplinary informative book to provide a holistic and integrated understanding of the technology-stakeholder-policy interactions of smart grid technologies. The unique features of the book include the following: (a) interdisciplinary approach – by bringing in the policy dimensions to smart grid technologies; (b) global and Asian perspective and (c) learning from national case studies. This book is organised into five sections. Part 1 discusses the historical and conceptual aspects of smart grids. Part 2 introduces the technological aspects and showcase the state of the art of the technologies. Part 3 explores the policy and governance dimensions by bringing in a stakeholder perspective. Part 4 presents a collection of national case studies. Part 5 shares insights and lesson learnt and provide policy recommendations. This book showcases the state-of-the-art R&D developments and policy experiences. This book contributes to a better understanding of governance institution and policy challenges and helps formulate policy recommendations for successful smart grid deployment.
Book Synopsis The World Bank Research Program, 2005-2007 by :
Download or read book The World Bank Research Program, 2005-2007 written by and published by World Bank Publications. This book was released on 2008 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pocket-sized reference on key environmental data for over 200 countries includes key indicators on agriculture, forestry, biodiversity, energy, emission and pollution, and water and sanitation. The volume helps establish a sound base of information to help set priorities and measure progress toward environmental sustainability goals.
Book Synopsis Competitive Electricity Markets by : Fereidoon P. Sioshansi
Download or read book Competitive Electricity Markets written by Fereidoon P. Sioshansi and published by Elsevier. This book was released on 2011-10-10 with total page 624 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
Book Synopsis International Handbook on Economic Regulation by : Michael A. Crew
Download or read book International Handbook on Economic Regulation written by Michael A. Crew and published by Edward Elgar Publishing. This book was released on 2006 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael Crew and David Parker have compiled a comprehensive, up-to-date and detailed analytical work on leading research issues in the economics of regulation. With contributions from international specialists in economic regulation, the Handbook provides a comprehensive discussion of major developments in both the theory and practice of regulatory economics. This book will be an indispensable source for both students and practitioners of regulation. The Handbook begins by looking at the principles, history and methods of regulation before turning to specialist themes including: pricing and social welfare regulating service quality consumer representation performance benchmarking environmental regulation calculating the cost of capital information revelation and incentives the economics of access charging regulatory governance regulatory policy in developing countries particular issues in the regulation of the telecommunications, energy, transport and water sectors. The International Handbook on Economic Regulation is essential reading for researchers in the economics of regulation and students of regulation on final year undergraduate and postgraduate degree courses. As a major reference work, it is of value and assistance to economists in regulatory offices, regulated companies and government departments.
Book Synopsis Reforming the Chinese Electricity Supply Sector by : Michael G. Pollitt
Download or read book Reforming the Chinese Electricity Supply Sector written by Michael G. Pollitt and published by Springer Nature. This book was released on 2020-06-29 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chinese electricity sector is the largest in the world, covering well over 20% of the world's electricity supply. While many other countries liberalized their electricity systems in the 1990s, thereby creating competitive wholesale and retail electricity markets, China’s move towards liberalization has advanced at a slower pace – until now. Following the China State Council's publication of the No. 9 document on 'Deepening Reform of the Power Sector', this book reflects on the ambitious new round of reforms aimed at introducing competitive wholesale electricity markets and incentive regulation for its power grids. Written in collaboration with Hao Chen, Lewis Dale and Chung-Han Yang, this book provides lessons for China’s reforms from international experience, combining a detailed review of reforms from around the world with specific application to China and focuses on how the industrial price of electricity is determined in a liberalized power system.
Book Synopsis Subsidiarity and Economic Reform in Europe by : George Gelauff
Download or read book Subsidiarity and Economic Reform in Europe written by George Gelauff and published by Springer Science & Business Media. This book was released on 2008-04-03 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Subsidiarity in the European Union, as the guiding principle of decision-making "close to the people", is often motivated and discussed from a predominantly political perspective. In this book, experts draw the demarcation between national and European policies from an economic viewpoint. Insights from economic theory and empirical research are used both to analyse the assignment of policies between the EU and its member states and to identify appropriate levels of decision-making.
Book Synopsis World Bank Research Program by : World Bank
Download or read book World Bank Research Program written by World Bank and published by . This book was released on 2006 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
