Electricity Marginal Cost Pricing Book

Electricity Marginal Cost Pricing


  • Author : Monica Greer
  • Publisher : Elsevier
  • Release Date : 2012-03-13
  • Genre: Technology & Engineering
  • Pages : 366
  • ISBN 10 : 9780123854667

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Electricity Marginal Cost Pricing Book Description :

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

Electricity Prices in a Competitive Environment Book

Electricity Prices in a Competitive Environment


  • Author :
  • Publisher :
  • Release Date : 1997
  • Genre:
  • Pages : 127
  • ISBN 10 : OCLC:1084205708

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Electricity Prices in a Competitive Environment Book Description :

The emergence of competitive markets for electricity generation services is changing the way that electricity is and will be priced in the United States. This report presents the results of an analysis that focuses on two questions: (1) How are prices for competitive generation services likely to differ from regulated prices if competitive prices are based on marginal costs rather than regulated {open_quotes}cost-of-service{close_quotes} pricing? (2) What impacts will the competitive pricing of generation services (based on marginal costs) have on electricity consumption patterns, production costs, and the financial integrity patterns, production costs, and the financial integrity of electricity suppliers? This study is not intended to be a cost-benefit analysis of wholesale or retail competition, nor does this report include an analysis of the macroeconomic impacts of competitive electricity prices.

Industrial Use of Cogeneration Under Marginal Cost Electricity Pricing in Sweden Book

Industrial Use of Cogeneration Under Marginal Cost Electricity Pricing in Sweden


  • Author : Frank A. Camm
  • Publisher : RAND Corporation
  • Release Date : 1981
  • Genre: Direct energy conversion
  • Pages : 88
  • ISBN 10 : IND:39000001907455

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Industrial Use of Cogeneration Under Marginal Cost Electricity Pricing in Sweden Book Description :

This study uses Sweden's current experience with industrial cogeneration to gain insights into the future of industrial cogeneration in the United States. It concentrates on pricing issues, using the effects of Sweden's current form of marginal cost electricity pricing to draw inferences about the likely effects of future marginal cost pricing in the United States. The study finds that the use of true marginal costs in pricing can profoundly affect the type of cogeneration and, more generally, the type of self generation that industry chooses; the way industry uses cogeneration over time; and the form of cooperative arrangements industry enters to exploit cogeneration. The study uses data from the Swedish pulp and paper, iron and steel, chemical, food processing, and other industries to document those effects. It concludes with a set of hypotheses about the implications of these findings for U.S. policy on electricity pricing and industrial cogeneration.

Electricity Cost Modeling Calculations Book

Electricity Cost Modeling Calculations


  • Author : Monica Greer
  • Publisher : Academic Press
  • Release Date : 2010-09-22
  • Genre: Business & Economics
  • Pages : 358
  • ISBN 10 : 0080961355

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Electricity Cost Modeling Calculations Book Description :

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.

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 Book Description :

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.

Spot Pricing of Electricity Book

Spot Pricing of Electricity


  • Author : Fred C. Schweppe
  • Publisher : Springer Science & Business Media
  • Release Date : 2013-03-07
  • Genre: Business & Economics
  • Pages : 356
  • ISBN 10 : 9781461316831

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Spot Pricing of Electricity Book Description :

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 Cost Modeling Calculations Book

Electricity Cost Modeling Calculations


  • Author : Monica Greer
  • Publisher : Academic Press
  • Release Date : 2010-09-22
  • Genre: Business & Economics
  • Pages : 358
  • ISBN 10 : 0080961355

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Electricity Cost Modeling Calculations Book Description :

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.

Electric utility rate reform and regulatory improvement Book

Electric utility rate reform and regulatory improvement


  • Author : United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Energy and Power
  • Publisher :
  • Release Date : 1976
  • Genre: Electric utilities
  • Pages : 2029
  • ISBN 10 : UOM:39015011400432

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Electric utility rate reform and regulatory improvement Book Description :

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 Book Description :

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.

Water  Electricity  and the Poor Book

Water Electricity and the Poor


  • Author : Kristin Komives
  • Publisher : World Bank Publications
  • Release Date : 2005
  • Genre: Business & Economics
  • Pages : 283
  • ISBN 10 : 0821363425

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Water Electricity and the Poor Book Description :

This book reviews the prevalence and variants of consumer subsidies found in the developing world and the effectiveness of these subsidies for the poor. It places consumer subsidies in a broader social protection framework and compares them with poverty-focused programmes in other sectors using a common metric. It concludes that the most common subsidy instruments perform poorly in comparison with most other transfer mechanisms. Alternative consumption and connection subsidy mechanisms show more promise, especially when combined with complementary non-price approaches to making utility services accessible and affordable to poor households. The many factors contributing to those outcomes are dissected, identifying those that can be controlled and used to improve performance.

The Zero Marginal Cost Society Book

The Zero Marginal Cost Society


  • Author : Jeremy Rifkin
  • Publisher : St. Martin's Press
  • Release Date : 2014-04-01
  • Genre: Political Science
  • Pages : 368
  • ISBN 10 : 9781137437761

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The Zero Marginal Cost Society Book Description :

In The Zero Marginal Cost Society, New York Times bestselling author Jeremy Rifkin describes how the emerging Internet of Things is speeding us to an era of nearly free goods and services, precipitating the meteoric rise of a global Collaborative Commons and the eclipse of capitalism. Rifkin uncovers a paradox at the heart of capitalism that has propelled it to greatness but is now taking it to its death—the inherent entrepreneurial dynamism of competitive markets that drives productivity up and marginal costs down, enabling businesses to reduce the price of their goods and services in order to win over consumers and market share. (Marginal cost is the cost of producing additional units of a good or service, if fixed costs are not counted.) While economists have always welcomed a reduction in marginal cost, they never anticipated the possibility of a technological revolution that might bring marginal costs to near zero, making goods and services priceless, nearly free, and abundant, and no longer subject to market forces. Now, a formidable new technology infrastructure—the Internet of things (IoT)—is emerging with the potential of pushing large segments of economic life to near zero marginal cost in the years ahead. Rifkin describes how the Communication Internet is converging with a nascent Energy Internet and Logistics Internet to create a new technology platform that connects everything and everyone. Billions of sensors are being attached to natural resources, production lines, the electricity grid, logistics networks, recycling flows, and implanted in homes, offices, stores, vehicles, and even human beings, feeding Big Data into an IoT global neural network. Prosumers can connect to the network and use Big Data, analytics, and algorithms to accelerate efficiency, dramatically increase productivity, and lower the marginal cost of producing and sharing a wide range of products and services to near zero, just like they now do with information goods. The plumm

Marginal Cost Pricing in Practice Book

Marginal Cost Pricing in Practice


  • Author : James R. Nelson
  • Publisher :
  • Release Date : 1964
  • Genre: Electric utilities
  • Pages : 266
  • ISBN 10 : UOM:39015002247917

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Marginal Cost Pricing in Practice Book Description :

Cogeneration   Small Power Production Manual Book

Cogeneration Small Power Production Manual


  • Author : Scott A. Spiewak
  • Publisher : The Fairmont Press, Inc.
  • Release Date : 1997-04-25
  • Genre: Technology & Engineering
  • Pages : 344
  • ISBN 10 : 0137601417

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Cogeneration Small Power Production Manual Book Description :

B> This book brings together all the tools you need to analyze any cogeneration project. Now in its fifth edition, this indispensable reference has been expanded to include a new section on utility standby rates and their impact on cogeneration and on-site power production. Loaded with examples with various utilities, this new coverage will simplify feasibility studies for new projects. This book contains a wealth of information covering technical, legal and financial issues related to cogeneration and small power projects. It provides all the tools you need to analyze the true costs and benefits of any potential project. All energy professionals.

California Marginal Cost Pricing Project   Analysis of Methods Used to Quantify MCP   Book

California Marginal Cost Pricing Project Analysis of Methods Used to Quantify MCP


  • Author :
  • Publisher :
  • Release Date : 1979
  • Genre:
  • Pages :
  • ISBN 10 : OCLC:1065791298

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California Marginal Cost Pricing Project Analysis of Methods Used to Quantify MCP Book Description :

This report provides a detailed analysis of methods to quantify the marginal costs of electricity supply. The nine-point criteria used include measurement of marginal costs that are consistent with economic theory, and determination of the applicability of the method and results in regulatory proceedings. The report examines methods which cover a wide range of potential cost-measurement techniques, including linear-programming models of utility systems, production functions, and simple models based on identification of marginal units. These methods were generally found to be unacceptable because they do not calculate marginal costs of a specified demand increment, and do not adequately reflect the utility's planning process. Furthur research is described that will attempt to develop more-acceptable marginal-cost estimates in rate proceedings. 29 references, 21 figures, 28 tables.