The Organization of Competitive Wholesale Power Markets and Spot Price Pools

The Organization of Competitive Wholesale Power Markets and Spot Price Pools

Author: Paul Centolella

Publisher:

Published: 1996

Total Pages: 0

ISBN-13: 9781555168124

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"This report provides an introduction to the efficient organization of competitive electric power markets. The recent Federal Energy Regulatory Commission (FERC) rulemaking promoting wholesale competition, as well as state-level proposals to deregulate the price of electric generation and potentially provide retail access will fundamentally change electric power markets. These reforms are interesting because--assuming the development of efficiently structured markets--they could produce significant economic efficiently benefits"--ix.


Restructured Electrical Power Systems

Restructured Electrical Power Systems

Author: Mohammad Shahidehpour

Publisher: CRC Press

Published: 2017-12-19

Total Pages: 540

ISBN-13: 1351830783

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An examination of key issues in electric utilities restructuring. It covers: electric utility markets in and out of the USA; the Open Access Same-time Information System; tagging transactions; trading energy; hedging tools for managing risks in various markets; pricing volatility, risk and forecasting; regional transmission organization; and more. The text contains acronyms, a contract specifications sample, examples, and nearly 500 bibliographic citations, tables, and drawings.


Electric Choices

Electric Choices

Author: Andrew N. Kleit

Publisher: Rowman & Littlefield

Published: 2007

Total Pages: 260

ISBN-13: 9780742548763

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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.


Competitive Electricity Markets and Sustainability

Competitive Electricity Markets and Sustainability

Author: François Lévêque

Publisher: Edward Elgar Publishing

Published: 2007-01-01

Total Pages: 319

ISBN-13: 184720435X

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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.


Modeling and Forecasting Electricity Loads and Prices

Modeling and Forecasting Electricity Loads and Prices

Author: Rafal Weron

Publisher: John Wiley & Sons

Published: 2007-01-30

Total Pages: 192

ISBN-13: 0470059990

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This book offers an in-depth and up-to-date review of different statistical tools that can be used to analyze and forecast the dynamics of two crucial for every energy company processes—electricity prices and loads. It provides coverage of seasonal decomposition, mean reversion, heavy-tailed distributions, exponential smoothing, spike preprocessing, autoregressive time series including models with exogenous variables and heteroskedastic (GARCH) components, regime-switching models, interval forecasts, jump-diffusion models, derivatives pricing and the market price of risk. Modeling and Forecasting Electricity Loads and Prices is packaged with a CD containing both the data and detailed examples of implementation of different techniques in Matlab, with additional examples in SAS. A reader can retrace all the intermediate steps of a practical implementation of a model and test his understanding of the method and correctness of the computer code using the same input data. The book will be of particular interest to the quants employed by the utilities, independent power generators and marketers, energy trading desks of the hedge funds and financial institutions, and the executives attending courses designed to help them to brush up on their technical skills. The text will be also of use to graduate students in electrical engineering, econometrics and finance wanting to get a grip on advanced statistical tools applied in this hot area. In fact, there are sixteen Case Studies in the book making it a self-contained tutorial to electricity load and price modeling and forecasting.


Handbook on Electricity Markets

Handbook on Electricity Markets

Author: Glachant, Jean-Michel

Publisher: Edward Elgar Publishing

Published: 2021-11-12

Total Pages: 672

ISBN-13: 1788979958

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


Capacity Withdrawals in the Electricity Wholesale Market

Capacity Withdrawals in the Electricity Wholesale Market

Author: Panagiotis Tsangaris

Publisher: Springer

Published: 2017-08-30

Total Pages: 213

ISBN-13: 3662555131

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This book examines the issue of capacity withdrawals in the electricity wholesale market. Electricity generators can exercise market power in the wholesale market either by withdrawing generation capacity, or by pricing above competitive levels in order to achieve a higher market price and, thereby, increase revenues. After a comprehensive explanation of capacity withdrawal practices and the issues that arise when proceeding under competition law, the book analyses whether an increased state of transparency, as provided for in the REMIT and Regulation 543/2013, could facilitate the efficient functioning of electricity wholesale markets and the investigation of capacity withdrawal practices. It also examines the effect of the prohibition of market manipulation as prescribed in the REMIT in dealing with abusive capacity withdrawals in the electricity wholesale market.


Governance and Regulation of Power Pools and System Operators

Governance and Regulation of Power Pools and System Operators

Author: James Barker

Publisher: World Bank Publications

Published: 1997-01-01

Total Pages: 104

ISBN-13: 9780821340417

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Annotation World Bank Technical Paper No. 382.This technical paper compares and contrasts the governance and regulation of new style power pools in Australia, Canada, Norway, Sweden, and the United Kingdom. These trading markets in electricity commodities and services are explored in various ways. The authors review the basic governance models, compare decisionmakers in the industry, examine market surveillance methods used, and explore the role of government and the regulator. The paper emphasizes the lessons that can be learned from international experiences.


The Econometrics of Energy Systems

The Econometrics of Energy Systems

Author: Jacques Girod

Publisher: Springer

Published: 2006-12-14

Total Pages: 290

ISBN-13: 0230626319

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The complexity and volatility of energy markets creates strong demand for quantitative analysis and econometric techniques. This book offers an introduction to the state of the art in econometric modelling applied to the most pertinent issues in today's energy markets for a better understanding of the working of energy systems and energy economics.


Modern Energy Markets

Modern Energy Markets

Author: Maria Kopsakangas-Savolainen

Publisher: Springer Science & Business Media

Published: 2012-04-02

Total Pages: 142

ISBN-13: 1447129717

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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.