Capacity Investment And Competition In Decentralised Electricity Markets


Capacity Investment And Competition In Decentralised Electricity Markets
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Capacity Investment And Competition In Decentralised Electricity Markets


Capacity Investment And Competition In Decentralised Electricity Markets
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Author : Nils-Henrik Mørch von der Fehr
language : en
Publisher:
Release Date : 1997

Capacity Investment And Competition In Decentralised Electricity Markets written by Nils-Henrik Mørch von der Fehr and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.




Competition Contracts And Electricity Markets


Competition Contracts And Electricity Markets
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Author : Jean-Michel Glachant
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011

Competition Contracts And Electricity Markets written by Jean-Michel Glachant and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.


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.



Capacity Choices In Liberalized Electricity Markets


Capacity Choices In Liberalized Electricity Markets
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Author : Fidel Castro-Rodríguez
language : en
Publisher:
Release Date : 2001

Capacity Choices In Liberalized Electricity Markets written by Fidel Castro-Rodríguez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Electric power distribution categories.




Competitive Electricity Markets


Competitive Electricity Markets
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Author : Fereidoon P. Sioshansi
language : en
Publisher: Elsevier
Release Date : 2011-10-10

Competitive Electricity Markets written by Fereidoon P. Sioshansi and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-10 with Technology & Engineering categories.


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



The Economics Of Electricity Markets


The Economics Of Electricity Markets
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Author : Darryl R. Biggar
language : en
Publisher: John Wiley & Sons
Release Date : 2014-07-10

The Economics Of Electricity Markets written by Darryl R. Biggar and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-10 with Science categories.


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



The Economics Of Electricity Markets


The Economics Of Electricity Markets
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Author : Clara Poletti
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-01-01

The Economics Of Electricity Markets written by Clara Poletti and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-01 with Business & Economics categories.


The Economics of Electricity Markets provides a cutting-edge analysis of the critical issues involved in the design and operation of electricity markets, as well as an assessment of alternative institutional arrangements that have either been implemented or are under discussion in Europe and the US. The book illustrates how a sound market design can render electricity trading and retailing very much like that of other commodities. Social and political concerns, rather than engineering or economics, are what make electricity markets 'special'. The expert contributors address a wide set of issues that arise when competition is introduced to the electricity industry, ranging from the design of spot and real-time power markets to alternative approaches to congestion management, from competition policy in wholesale electricity markets to the benefits and costs of retail competition, and from regulatory measures to ensure generation capacity adequacy to the politicization of generation investment decisions as a way of pursuing sustainability targets. This highly informative book will appeal to academics, students and researchers in the field of advanced energy economics, and will prove essential reading for energy regulators, professionals and executives wishing to explore the theoretical foundations underpinning their day-to-day activities.



Power Generation Investment In Electricity Markets


Power Generation Investment In Electricity Markets
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Author : International Energy Agency
language : en
Publisher: International Energy Agency
Release Date : 2003

Power Generation Investment In Electricity Markets written by International Energy Agency and has been published by International Energy Agency this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.


On cover and title page: Energy market reform.



Competitive Electricity Markets And Sustainability


Competitive Electricity Markets And Sustainability
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Author : François Lévêque
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007-01-01

Competitive Electricity Markets And Sustainability written by François Lévêque and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Business & Economics categories.


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.



Capacity Mechanisms In The Eu Energy Markets


Capacity Mechanisms In The Eu Energy Markets
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Author : Leigh Hancher
language : en
Publisher: Oxford University Press
Release Date : 2022-10-13

Capacity Mechanisms In The Eu Energy Markets written by Leigh Hancher and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-10-13 with Law categories.


Capacity remuneration mechanisms (or simply capacity mechanisms) have become a fact of life in member states' energy markets and are one of the hottest topics in the wider European regulatory debate. Concerned about the security of electricity supply, national governments are implementing subsidy schemes to encourage investment in conventional power generation capacity, alongside already heavily subsidized renewable energy sources. With the increasingly connected European electricity markets, the introduction of a capacity mechanism in one country not only tends to distort its national market but may also have unforeseeable consequences for neighbouring electricity markets. As these mechanisms are adopted by member states with limited supra-national coordination as well as consideration for the cross-border impact, they tend to cause serious market distortions and put the future of the European internal electricity market at risk. This second edition will take stock of how capacity mechanisms have actually worked so far and consider the consequences they have for the European internal electricity market. It will include a detailed overview of national capacity mechanisms, their implications for the EU internal market, and will outline the nature of market failures which are likely to occur in the European electricity markets. This edition is intended to serve as a point of reference for regulators and policy-makers on how to design optimal capacity mechanisms in Europe. It will be an invaluable resource for anyone interested in energy market design, regulation, and competition issues.



Capacity Mechanisms In The Eu Energy Market


Capacity Mechanisms In The Eu Energy Market
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Author : Leigh Hancher
language : en
Publisher: OUP Oxford
Release Date : 2015-09-24

Capacity Mechanisms In The Eu Energy Market written by Leigh Hancher and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-24 with Law categories.


Ensuring an adequate, long-term energy supply is a paramount concern in Europe. EU member states now intervene by encouraging investment in generation capacity, offering an additional revenue stream for conventional power plants in addition to the existing, heavily subsidised investments in renewable energy sources. These capacity remuneration mechanisms (or simply capacity mechanisms) have become a hot topic in the wider European regulatory debate. European electricity markets are increasingly interconnected, so the introduction of a capacity mechanism in one country not only distorts its national market but may have unforeseeable consequences for neighbouring electricity markets. If these mechanisms are adopted by several member states with no supra-national coordination and no consideration for their cross-border impact, they may cause serious market distortions and put the future of the European internal electricity market at risk. This book provides readers with an in-depth analysis of capacity mechanisms, written by an expert team of policy-makers, economists, and legal professionals. It will be a first point of reference for regulators and policy-makers responsible for designing optimal capacity mechanisms in Europe, and will be an invaluable resource for academics and practitioners in the fields of energy, regulation, and competition.