Modelling Prices in Competitive Electricity Markets
Modelling Prices in Competitive Electricity Markets

Author: Derek W. Bunn

Publisher: John Wiley & Sons

Published: 2004-04-02

Total Pages: 368

ISBN-13:

DOWNLOAD EBOOK

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.

Competitive Electricity Markets
Competitive Electricity Markets

Author: Fereidoon Sioshansi

Publisher: Elsevier

Published: 2011-10-10

Total Pages: 625

ISBN-13: 0080557716

DOWNLOAD EBOOK

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

Engineering Interrelated Electricity Markets
Engineering Interrelated Electricity Markets

Author: Anke Weidlich

Publisher: Springer Science & Business Media

Published: 2008-10-08

Total Pages: 181

ISBN-13: 3790820687

DOWNLOAD EBOOK

Due to the characteristics of electricity, power markets rank among the most complex markets operated at present. The requirements of an environmentally sustainable, economically efficient, and secure energy supply have resulted in the emergence of several interrelated markets that have to be carefully engineered in order to ensure efficient market outcomes. This book presents an agent-based simulation model that facilitates electricity market research. Simulation outcomes from this model are validated against price data from German power markets. The results significantly contribute to existing research in agent-based simulation and electricity market modeling, and provide insights into the impact of the market structure and market design on electricity prices. The book addresses researchers, lecturers and students who are interested in applying agent-based simulation to power markets. It provides a thorough discussion of the methodology and helpful details for model implementation.

The Meaning of the Market Process
The Meaning of the Market Process

Author: Israel M Kirzner

Publisher: Routledge

Published: 2002-09-11

Total Pages: 254

ISBN-13: 1134915500

DOWNLOAD EBOOK

Israel Kirzner is the foremost proponent of the modern Austrian theory of the market process. This book offers substantive insights in support of this theory and a new historical interpretation of how the ideas of modern Austrians emerged.