Competitive Electricity Markets Book

Competitive Electricity Markets


  • Author : Fereidoon P. Sioshansi
  • Publisher : Elsevier
  • Release Date : 2011-10-10
  • Genre: Technology & Engineering
  • Pages : 624
  • ISBN 10 : 0080557716

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Competitive Electricity Markets 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

Electricity Market Reform Book
Score: 4
From 1 Ratings

Electricity Market Reform


  • Author : Fereidoon P. Sioshansi
  • Publisher : Elsevier
  • Release Date : 2006-04-13
  • Genre: Technology & Engineering
  • Pages : 688
  • ISBN 10 : 0080462715

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Electricity Market Reform 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

Economics of Electricity Book

Economics of Electricity


  • Author : Anna Cretì
  • Publisher : Cambridge University Press
  • Release Date : 2019-05-30
  • Genre: Business & Economics
  • Pages : 366
  • ISBN 10 : 9781107185654

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Economics of Electricity Excerpt :

This comprehensive and up-to-date book explains the economic rationale behind the production, delivery and exchange of electricity. Cret and Fontini explain why electricity markets exist, outlining the economic principles behind the exchange and supply of power to consumers and firms. They identify the specificities of electricity, as compared to other goods, and furthermore suggest how markets should be optimally designed to produce and deliver electricity effectively and efficiently. The authors also address key issues, including how electricity can be decarbonized. Written in a technical yet accessible style, this book will appeal to readers studying power system economics and the economics of electricity, as well as those more generally interested in energy economics, including engineering and management students looking to gain an understanding of electricity market analysis.

Competitive Electricity Markets and Sustainability Book

Competitive Electricity Markets and Sustainability


  • Author : François Lévêque
  • Publisher : Edward Elgar Publishing
  • Release Date : 2007-01-01
  • Genre: Business & Economics
  • Pages : 320
  • ISBN 10 : 9781847204356

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Competitive Electricity Markets and Sustainability Excerpt :

This book responds to the opening up of electricity markets to competition, which has completely changed the nature of power generation. The building of new generation and transmission capacity and the setting of the energy mix between nuclear, gas and renewable resources are mainly left to private initiative and investors. The authors and the editor of this book explore whether or not market forces offer a sustainable future for electricity generation. They employ economic theory and method to answer questions such as: Will the market be able to ensure adequacy of generation capacity and secu.

Valuation  Hedging and Speculation in Competitive Electricity Markets Book

Valuation Hedging and Speculation in Competitive Electricity Markets


  • Author : Petter L. Skantze
  • Publisher : Springer Science & Business Media
  • Release Date : 2012-12-06
  • Genre: Technology & Engineering
  • Pages : 214
  • ISBN 10 : 9781461517016

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Valuation Hedging and Speculation in Competitive Electricity Markets Excerpt :

The challenges currently facing particIpants m competitive electricity markets are unique and staggering: unprecedented price volatility, a crippling lack of historical market data on which to test new modeling approaches, and a continuously changing regulatory structure. Meeting these challenges will require the knowledge and experience of both the engineering and finance communities. Yet the two communities continue to largely ignore each other. The finance community believes that engineering models are too detailed and complex to be practically applicable in the fast changing market environment. Engineers counter that the finance models are merely statistical regressions, lacking the necessary structure to capture the true dynamic properties of complex power systems. While both views have merit, neither group has by themselves been able to produce effective tools for meeting industry challenges. The goal of this book is to convey the fundamental differences between electricity and other traded commodities, and the impact these differences have on valuation, hedging and operational decisions made by market participants. The optimization problems associated with these decisions are formulated in the context of the market realities of today's power industry, including a lack of liquidity on forward and options markets, limited availability of historical data, and constantly changing regulatory structures.

Modelling Prices in Competitive Electricity Markets Book

Modelling Prices in Competitive Electricity Markets


  • Author : Derek W Bunn
  • Publisher : John Wiley & Sons Incorporated
  • Release Date : 2004-04-02
  • Genre: Business & Economics
  • Pages : 337
  • ISBN 10 : UCSC:32106015982231

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Modelling Prices in Competitive Electricity Markets Excerpt :

Electricity markets are structurally different to other commodities, and the real-time dynamic balancing of the electricity network involves many external factors. Because of this, it is not a simple matter to transfer conventional models of financial time series analysis to wholesale electricity prices. The rationale for this compilation of chapters from international authors is, therefore, to provide econometric analysis of wholesale power markets around the world, to give greater understanding of their particular characteristics, and to assess the applicability of various methods of price modelling. Researchers and professionals in this sector will find the book an invaluable guide to the most important state-of-the-art modelling techniques which are converging to define the special approaches necessary for unravelling and forecasting the behaviour of electricity prices. It is a high-quality synthesis of the work of financial engineering, industrial economics and power systems analysis, as they relate to the behaviour of competitive electricity markets.

Electricity Markets Book

Electricity Markets


  • Author : Chris Harris
  • Publisher : John Wiley & Sons
  • Release Date : 2011-01-31
  • Genre: Business & Economics
  • Pages : 542
  • ISBN 10 : 9781119995135

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Electricity Markets 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.

Mathematical Modelling of Contemporary Electricity Markets Book

Mathematical Modelling of Contemporary Electricity Markets


  • Author : Athanasios Dagoumas
  • Publisher : Academic Press
  • Release Date : 2021-01-30
  • Genre: Business & Economics
  • Pages : 442
  • ISBN 10 : 9780128218396

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Mathematical Modelling of Contemporary Electricity Markets Excerpt :

Mathematical Modelling of Contemporary Electricity Markets reviews major methodologies and tools to accurately analyze and forecast contemporary electricity markets in a ways that is ideal for practitioner and academic audiences. Approaches include optimization, neural networks, genetic algorithms, co-optimization, econometrics, E3 models and energy system models. The work examines how new challenges affect power market modeling, including discussions of stochastic renewables, price volatility, dynamic participation of demand, integration of storage and electric vehicles, interdependence with other commodity markets and the evolution of policy developments (market coupling processes, security of supply). Coverage addresses all major forms of electricity markets: day-ahead, forward, intraday, balancing, and capacity. Provides a diverse body of established techniques suitable for modeling any major aspect of electricity markets Familiarizes energy experts with the quantitative skills needed in competitive electricity markets Reviews market risk for energy investment decisions by stressing the multi-dimensionality of electricity markets

Pricing in Competitive Electricity Markets Book

Pricing in Competitive Electricity Markets


  • Author : Ahmad Faruqui
  • Publisher : Springer Science & Business Media
  • Release Date : 2012-12-06
  • Genre: Business & Economics
  • Pages : 450
  • ISBN 10 : 9781461545293

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Pricing in Competitive Electricity Markets 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.

Designing Competitive Electricity Markets Book

Designing Competitive Electricity Markets


  • Author : Hung-po Chao
  • Publisher : Springer Science & Business Media
  • Release Date : 2013-12-01
  • Genre: Business & Economics
  • Pages : 212
  • ISBN 10 : 9781461555476

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Designing Competitive Electricity Markets 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.

Competition  Contracts and Electricity Markets Book

Competition Contracts and Electricity Markets


  • Author : Jean-Michel Glachant
  • Publisher : Edward Elgar Publishing
  • Release Date : 2011
  • Genre: Business & Economics
  • Pages : 312
  • ISBN 10 : 9781849804806

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Competition Contracts and Electricity Markets Excerpt :

This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These include the impact of long-term contracts and vertical integration on effective competition, generation investment in risky markets, and the challenges for competition policy principles. On the one hand, long-term contracts may contribute to lasting generation capability by allowing for a more efficient allocation of risk. On the other hand, they can create conditions for imperfect competition and thus impair short-term efficiency. The contributors – prominent academics and policy experts with inter-disciplinary perspectives – develop fresh theoretical and practical insights on this important concern for current electricity markets. This highly accessible book will strongly appeal to both academic and professional audiences including scholars of industrial, organizational and public sector economics, and competition and antitrust law. It will also be of value to regulatory and antitrust authorities, governmental policymakers, and consultants in electricity law and economics.

Making Competition Work in Electricity Book

Making Competition Work in Electricity


  • Author : Sally Hunt
  • Publisher : John Wiley & Sons
  • Release Date : 2002-10-01
  • Genre: Business & Economics
  • Pages : 450
  • ISBN 10 : 9780471266020

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Making Competition Work in Electricity Excerpt :

An expert's perspective on how competition can make this industry work. There has never been a coherent plan to restructure the electricity industry in the USâ??until now. Power expert Sally Hunt gets down to the critical lessons learned from the California power crisis and other deregulated markets, in which competition has been introduced properly and successfully. Hunt presents sensible solutions to power market reform that have been cultivated over her twenty years of professional work in the industry. Sally Hunt (New York, NY) spent twenty years at National Economic Research Associates, where she was head of NERA's U.S. energy practice and a member of the board. Coauthor of Competition and Choice in Electricity with Graham Shuttleworth (0471957828), she has served as Corporate Economist at Con Edison, Deputy Director of the New York City Energy Office, and Assistant Administrator of the New York City Environmental Protection Administration. Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management,asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise.

Evolution of Global Electricity Markets Book
Score: 5
From 1 Ratings

Evolution of Global Electricity Markets


  • Author : Fereidoon P. Sioshansi
  • Publisher : Academic Press
  • Release Date : 2013-06-10
  • Genre: Science
  • Pages : 880
  • ISBN 10 : 9780123979063

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Evolution of Global Electricity Markets Excerpt :

Get the latest on rapidly evolving global electricity markets direct from the scholars and thought leaders who are shaping reform. In this volume, dozens of world-class experts from diverse regions provide a comprehensive assessment of the relevant issues in today’s electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmental degradation, and the introduction of distributed sources and smart grids, increasingly stringent demands are being placed on the electric power sector to provide a more reliable, efficient delivery infrastructure, and more rational, cost-reflective prices. This book maps out the electric industry’s new paradigms, challenges and approaches, providing invaluable global perspective on this host of new and pressing issues being investigated by research institutions worldwide. Companies engaged in the power sector’s extensive value chain including utilities, generation, transmission & distribution companies, retailers, suppliers, regulators, market designers, and the investment & financial rating community will benefit from gaining a more nuanced understanding of the impacts of key market design and restructuring choices. How can problems be avoided? Why do some restructured markets appear to function better than others? Which technological implementations represent the best investments? Which regulatory mechanisms will best support these new technologies? What lessons can be learned from experiences in Norway, Australia, Texas, or the U.K.? These questions and many more are undertaken by the brightest minds in the industry in this one comprehensive, cutting-edge resource. Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability Explains the latest

Competitive Electricity Markets  The Power of Choice Book

Competitive Electricity Markets The Power of Choice


  • Author : Joseph L. Welch, PE
  • Publisher : Lulu.com
  • Release Date : 2009
  • Genre: Business & Economics
  • Pages : 224
  • ISBN 10 : 9780557160174

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Competitive Electricity Markets The Power of Choice Excerpt :

Critique of the US Electricity Industry. Analysis of derailed industry deregulation initiatives. Sketches a new, competitively structured Energy Policy Template.

Handbook on Electricity Markets Book

Handbook on Electricity Markets


  • Author : Glachant, Jean-Michel
  • Publisher : Edward Elgar Publishing
  • Release Date : 2021-11-12
  • Genre: Business & Economics
  • Pages : 672
  • ISBN 10 : 9781788979955

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Handbook on Electricity Markets Excerpt :

With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.