Price Cost And Use Of Electricity

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Spot Pricing of Electricity

Author : Fred C. Schweppe
Publisher : Springer Science & Business Media
ISBN 13 : 1461316839
Total Pages : 362 pages
Book Rating : 4.4/5 (613 download)

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Book Synopsis Spot Pricing of Electricity by : Fred C. Schweppe

Download or read book Spot Pricing of Electricity written by Fred C. Schweppe and published by Springer Science & Business Media. This book was released on 2013-03-07 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a need for fundamental changes in the ways society views electric energy. Electric energy must be treated as a commodity which can be bought, sold, and traded, taking into account its time-and space-varying values and costs. This book presents a complete framework for the establishment of such an energy marketplace. The framework is based on the use of spot prices. In general terms: o An hourly spot price (in dollars per kilowatt hour) reflects the operating and capital costs of generating, transmitting and distributing electric energy. It varies each hour and from place to place. o The spot price based energy marketplace involves a variety of utility-customer transactions (ranging from hourly varying prices to long-term, multiple-year contracts), all of which are based in a consistent manner on hourly spot prices. These transactions may include customers selling to, as well as buying from, the utility. The basic theory and practical implementation issues associated with a spot price based energy marketplace have been developed and discussed through a number of different reports, theses, and papers. Each addresses only a part of the total picture, and often with a somewhat different notation and terminology (which has evolved in parallel with our growing experience). This book was xvii xviii Preface written to serve as a single, integrated sourcebook on the theory and imple mentation of a spot price based energy marketplace.

Electricity Pricing in Transition

Author : Ahmad Faruqui
Publisher : Springer Science & Business Media
ISBN 13 : 1461508339
Total Pages : 372 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Electricity Pricing in Transition by : Ahmad Faruqui

Download or read book Electricity Pricing in Transition written by Ahmad Faruqui and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity Pricing In Transition is written to address the new issues facing utilities, retailers, regulators, and customers in the changing electricity market. It is organized into five sections. Section I deals with the new restructured organization that has emerged from yesterday's vertically integrated, regulated monopoly company. Section II deals with issues in competitive pricing. Section III reviews the role of demand response and product design in today's chaotic marketplace. Given the single importance of California's energy crisis and the fact that it will be studied for years to come, Section IV is devoted to studying the lessons learned from this crisis. The final section of the book deals with markets and regulations. This book will provide practitioners with guidance on how to avoid the major pitfalls in pricing electricity while the market is in transition by drawing upon the insights and lessons learned from the experience of others that are documented in this book.

Price, Cost, and Use of Electricity

Author : Edward Falck
Publisher :
ISBN 13 :
Total Pages : 138 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Price, Cost, and Use of Electricity by : Edward Falck

Download or read book Price, Cost, and Use of Electricity written by Edward Falck and published by . This book was released on 1935 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Electricity Marginal Cost Pricing

Author : Monica Greer
Publisher : Elsevier
ISBN 13 : 0123854660
Total Pages : 369 pages
Book Rating : 4.1/5 (238 download)

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Book Synopsis Electricity Marginal Cost Pricing by : Monica Greer

Download or read book Electricity Marginal Cost Pricing written by Monica Greer and published by Elsevier. This book was released on 2012-03-13 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Packed with case studies and practical real-world examples, Electricity Marginal Cost Pricing Principles allows regulators, engineers and energy economists to choose the pricing model that best fits their individual market. Written by an author with 13 years of practical experience, the book begins with a clear and rigorous explanation of the theory of efficient pricing and how it impacts investor-owned, publicly-owned, and cooperatively-owned utilities using tried and true methods such as multiple-output, functional form, and multiproduct cost models. The author then moves on to include self-contained chapters on applying estimating cost models, including a cubic cost specification and policy implications while supplying actual data and examples to allow regulators, energy economists, and engineers to get a feel for the methods with which efficient prices are derived in today’s challenging electricity market. A guide to cost issues surrounding the generation, transmission, and distribution of electricity Clearly explains cost models which can yield the marginal cost of supplying electricity to end-users Real-world examples that are practical, meaningful, and easy to understand Explans the policy implications of each example Provide suggestions to aid in the formation of the optimal market price

Pricing in Competitive Electricity Markets

Author : Ahmad Faruqui
Publisher : Springer Science & Business Media
ISBN 13 : 1461545293
Total Pages : 463 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Pricing in Competitive Electricity Markets by : Ahmad Faruqui

Download or read book Pricing in Competitive Electricity Markets written by Ahmad Faruqui and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity markets are being deregulated or face new regulatory frameworks. In such changing markets, new pricing strategies will need to consider such factors as cost, value of service and pricing by objective. Pricing in Competitive Electricity Markets introduces a new family of pricing concepts, methodologies, models, tools and databases focused on market-based pricing. This book reviews important theoretical pricing issues as well as practical pricing applications for changing electricity markets.

Electricity Cost Modeling Calculations

Author : Monica Greer
Publisher : Academic Press
ISBN 13 : 0080961355
Total Pages : 360 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Electricity Cost Modeling Calculations by : Monica Greer

Download or read book Electricity Cost Modeling Calculations written by Monica Greer and published by Academic Press. This book was released on 2010-09-22 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: A "quick look up guide," Electricity Cost Modeling Calculations places the relevant formulae and calculations at the reader's finger tips. In this book, theories are explained in a nutshell and then the calculation is presented and solved in an illustrated, step-by-step fashion. A valuable guide for new engineers, economists (or forecasters), regulators, and policy makers who want to further develop their knowledge of best practice calculations techniques or experienced practitioners (and even managers) who desire to acquire more useful tips, this book offers expert advice for using such cost models to determine optimally-sized distribution systems and optimally-structured power supplying entities. In other words, this book provides an Everything-that-you-want-to-know-about-cost-modelling-for-electric-utilities (but were afraid to ask) approach to modelling the cost of supplying electricity. In addition, the author covers the concept of multiproduct and multistage cost functions, which are appropriate in modelling the cost of supplying electricity. The author has done all the heavy number-crunching, and provides the reader with real-world, practical examples of how to properly quantify the costs associated with providing electric service, thus increasing the accuracy of the results and support for the policy initiatives required to ensure the competitiveness of the power suppliers in this new world in which we are living. The principles contained herein could be employed to assist in the determination of the cost-minimizing amount of output (i.e., electricity), which could then be used to determine whether a merger between two entities makes sense (i.e., would increase profitability). Other examples abound: public regulatory commissions also need help in determining whether mergers (or divestitures) are welfare-enhancing or not; ratemaking policies depend on costs and properly determining the costs of supplying electric (or gas, water, and local telephone) service. Policy makers, too, can benefit in terms of optimal market structure; after all, the premise of deregulation of the electric industry was predicated on the idea that generation could be deregulated. Unfortunately, the economies of vertical integration between the generation. A comprehensive guide to the cost issues surrounding the generation, transmission, and distribution of electricity Real-world examples that are practical, meaningful, and easy to understand Policy implications and suggestions to aid in the formation of the optimal market structure going forward (thus increasing efficiency of electric power suppliers) The principles contained herein could be employed to assist in the determination of the cost-minimizing amount of output

Spot Pricing of Electricity

Author : Fred C Schweppe
Publisher :
ISBN 13 : 9781461316848
Total Pages : 380 pages
Book Rating : 4.3/5 (168 download)

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Book Synopsis Spot Pricing of Electricity by : Fred C Schweppe

Download or read book Spot Pricing of Electricity written by Fred C Schweppe and published by . This book was released on 1988-11-30 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Time-of-use Electricity Price Effects

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (16 download)

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Book Synopsis Time-of-use Electricity Price Effects by :

Download or read book Time-of-use Electricity Price Effects written by and published by . This book was released on 1979 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Under time-of-use rates, higher prices are charged for electricity used during those parts of the day when demand and system costs are higher, with lower charges when demand and system costs are lower. In the Ohio project, 160 customers of the Dayton Power and Light Co. (100 on a seasonal time-of-use electricity rate and 60 on the control rate) became part of an 18-month study from 6/76 through 11/77. The experimental rate schedule used two rating periods during weekdays and a single rating on weekends and holidays. Electricity-consumption patterns of customers on the TOU rate and a control group on the existing (declining block) rate showed that customers on the TOU rate used less electricity than the control group during the six-hour period of peak prices and used correspondingly more electricity during the base period of low prices. As a result of these offsetting effects, overall consumption was unaffected. Tests of hypotheses showed the peak-period decreases (ranging from 21 to 38% on a monthly basis) to be statistically significant. On the other hand, the base-period increases were not significant (at the 5% level) because of much larger customer-to-customer variation in base period usage. Other significant findings were that the diversified demand of the residential class at the time of system peak was, in the two months examined (August and September 1976), significantly lower for the experimental group. The residential class load factor based on that diversified demand was significantly higher for the experimental group during August. At the time of system peak, diversified demand was lower by 29 to 40% and the associated load factor was 135 to 161% of that under the control rate.

Electricity Prices in a Competitive Environment

Author : Mary Hutzler
Publisher : DIANE Publishing
ISBN 13 : 0788149091
Total Pages : 129 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Electricity Prices in a Competitive Environment by : Mary Hutzler

Download or read book Electricity Prices in a Competitive Environment written by Mary Hutzler and published by DIANE Publishing. This book was released on 1998-05 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the events that led to current initiatives to restructure the electric power industry, and the institutional and structural changes that will be required to support the competitive pricing of electricity. Describes the analysis assumptions and methodology. Compares electricity prices under regulation and prices under competition. Discusses the sensitivities of the results to key parameters in the analysis cases. Analyzes the cash flow implications of the new competitive prices for utilities. Extensive charts, tables and graphs.

Energy Pricing

Author : Roger L. Conkling
Publisher : Springer Science & Business Media
ISBN 13 : 3642154913
Total Pages : 426 pages
Book Rating : 4.6/5 (421 download)

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Book Synopsis Energy Pricing by : Roger L. Conkling

Download or read book Energy Pricing written by Roger L. Conkling and published by Springer Science & Business Media. This book was released on 2011-03-23 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the processes through which rates for energy consumption are derived, ranging from initial analyses of the supply and demand parameters to the final forms and levels of end-use consumer prices. The author argues against aggressive accounting procedures, and suggests criteria for choosing firm's position on pending public policy issues. A handbook on energy formulae for non-professionals is included in the book. The author is adjunct professor at the University of Portland.

Electricity Pricing

Author : Lawrence J. Vogt
Publisher : CRC Press
ISBN 13 : 1420014781
Total Pages : 696 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Electricity Pricing by : Lawrence J. Vogt

Download or read book Electricity Pricing written by Lawrence J. Vogt and published by CRC Press. This book was released on 2017-12-19 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the advent of the Smart Grid revolutionizes how homeowners and businesses purchase and manage power, electricity pricing is becoming more complicated and intricate than ever before, while the need for more frequent rate revisions remains a primary issue in the field. A timely and accessible guide for the new industry environment, Electricity Pricing: Engineering Principles and Methodologies helps those involved in both the engineering and financial operations of electric power systems to "get the money right" while ensuring reliable electric service at a fair and reasonable cost. Explores both the business functions and engineering principles associated with electricity pricing Examining pricing approaches and opportunities, this book presents tools, viewpoints, and explanations that are generally not found in contemporary literature. It clarifies valuable analysis techniques, realistic examples, and unique lessons passed along from those inside the industry. This "how to do it" guide fosters a multidisciplinary understanding that integrates information, methodologies, and techniques from accounting, economics, engineering, finance, and marketing. Detail-oriented but still mindful of the big picture, this book examines the complex relationship between electricity, customers, and service providers in relation to pricing. Electricity Pricing also: Presents mathematical methods and techniques used to establish electricity prices, determine cost causation, and evaluate pricing structures and mechanisms Explores ways to translate and integrate cost elements into practical pricing structures Details how engineering concepts are used to apportion production, delivery, and associated costs to determine cost of service and to support all aspects of ratemaking strategy, design, analysis, and decision making This comprehensive professional reference addresses theory but remains grounded in no-nonsense practical applications. It is dually suited to introduce newcomers to the technical principles and methodologies of electricity pricing and provide veterans with a valuable consolidation of advanced tools for pricing analysis and problem solving. Watch an interview of the author at http://youtu.be/4fU8nkDVhNY

The Development of Scientific Rates for Electricity Supply

Author :
Publisher :
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.:/5 (3 download)

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Book Synopsis The Development of Scientific Rates for Electricity Supply by :

Download or read book The Development of Scientific Rates for Electricity Supply written by and published by . This book was released on 1915 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Electricity Markets

Author : Darryl R. Biggar
Publisher : John Wiley & Sons
ISBN 13 : 1118775724
Total Pages : 493 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis The Economics of Electricity Markets by : Darryl R. Biggar

Download or read book The Economics of Electricity Markets written by Darryl R. Biggar and published by John Wiley & Sons. This book was released on 2014-07-10 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes

Electricity Markets

Author : Chris Harris
Publisher : John Wiley & Sons
ISBN 13 : 1119995132
Total Pages : 550 pages
Book Rating : 4.1/5 (199 download)

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Book Synopsis Electricity Markets by : Chris Harris

Download or read book Electricity Markets written by Chris Harris and published by John Wiley & Sons. This book was released on 2011-01-31 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understand the electricity market, its policies and how they drive prices, emissions, and security, with this comprehensive cross-disciplinary book. Author Chris Harris includes technical and quantitative arguments so you can confidently construct pricing models based on the various fluctuations that occur. Whether you?re a trader or an analyst, this book will enable you to make informed decisions about this volatile industry.

Power Markets and Economics

Author : Barrie Murray
Publisher : John Wiley & Sons
ISBN 13 : 9780470743010
Total Pages : 324 pages
Book Rating : 4.7/5 (43 download)

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Book Synopsis Power Markets and Economics by : Barrie Murray

Download or read book Power Markets and Economics written by Barrie Murray and published by John Wiley & Sons. This book was released on 2009-02-25 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is now almost twenty years since liberalisation and the introduction of competition was proposed for electricity utilities. Some form of restructuring has been widely adopted around the world to suit local objectives. The industry now faces new challenges associated with global warming, rising prices and escalating energy demand from developing countries like China and India. The industry will have to cope with; managing emissions; managing variable energy sources like wind, dev eloping clean coal technology; accommodating distributed generation and new nuclear stations and managing the impact of these developments on the distribution and transmission networks. It is now necessary to consider how the various market structures that were adopted have performed and how they will address some of these new issues and what further changes might be necessary. This volume presents an all-inclusive analysis of the electricity market structures that have been adopted around the world and how they are performing. It provides an up-to-date analysis of the cost of competing technologies, the operation of energy and ancillary service markets and the impact of renewable sources and emission restrictions. It takes a forward look at likely future developments necessary to cope with the new emerging issues. Part One introduces industry infrastructure, analysing state utilities, the motives behind liberalisation and the resulting structures. Part Two considers generation costs, including renewable generation costs, and investigates the cost of restricting emissions as well as transmission and distribution costs. Part Three discusses market operation, describing how costs affect the organisation of power generation. It covers trading arrangements, ancillary services, international trading and investment. Part Four looks to future markets and technological developments that will shape the industry through the next twenty years. This includes the appraisal of investment opportunities for global power companies and implications for market performance. Written by an internationally renowned consultant engineer, this book is full of expert insight and balances fundamental methodology and academic theory with practical information and diverse worked examples. This is an excellent reference on the topic for power system engineers, regulators, banks, investors, and government energy agencies. With its many worked examples, it is also a brilliant tutorial accessible for postgraduates and senior undergraduates in electrical and power engineering.

Transport Pricing of Electricity Networks

Author : François Lévêque
Publisher : Springer Science & Business Media
ISBN 13 : 1475737564
Total Pages : 244 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Transport Pricing of Electricity Networks by : François Lévêque

Download or read book Transport Pricing of Electricity Networks written by François Lévêque and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transport Pricing of Electricity Networks aims at providing a methodological and practical transmission tariff guide, to those who are involved in the electricity business as managers, engineers, lawyers, economists, regulators or policy-makers, but are not specialists in electricity transport, nor in tariff-setting for public utilities. It offers a synthesis of the recent economic research on the subject. The volume is divided into three major parts, each presenting a general aspect of transmission pricing: its legal and accounting background, its basic theory, and its implementation, successively. How much does it cost to transmit electricity from a nuclear plant close to Lyon in France, to a car manufacturer located in Stuttgart in Germany? What price should a system operator in Canada charge a pulp and paper mill that uses the high-voltage grid for only a few weeks per year? Where in California is it more profitable to reinforce or build a new transmission line? What is the best place to locate a power gas station in England, in order to pay the lowest transmission cost? Such questions are novel and crucial for American and European liberalised electricity markets. Transport Pricing of Electricity Networks shows how the economics toolbox can be used to answer them.

Electricity Transmission Pricing and Technology

Author : Michael A. Einhorn
Publisher : Springer Science & Business Media
ISBN 13 : 9400918046
Total Pages : 289 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Electricity Transmission Pricing and Technology by : Michael A. Einhorn

Download or read book Electricity Transmission Pricing and Technology written by Michael A. Einhorn and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric utility industry and its stakeholders in the. United States appear to be at a critical juncture in time. Powerful forces of global proportions are propelling the industry instinctively and in a secular fashion towards restructuring. That the industry will change is a fait accomplii. The nature and timing of the change is still a matter of intense debate, however. Because of the evolution of the industry into its present-day form, i.e. regulated local monopolies in their designated franchise service territories, the relative roles and expectations of various institutions would have to change to conform to the new state in the future. In either encouraging, or allowing this change to happen, society is essentially saying that future societal welfare would be better served by the changed structure contemplated. What that assumption translates into in more direct terms is that creation of future wealth would be better accomplished through redistribution of wealth today. Thoughtful individuals recognize the enormous responsibility placed upon the various entities empowered with jurisdiction over the timing and nature of the structural change. They are trying hard to bring analytical rigor to bear on the debate. One very critical element of this debate on restructuring is the issue of the treatment of transmission. The issue has been variously labeled transmission access, or pricing. Volumes have been written and spoken on this topic.