Lessons From International Experience With Electricity Market Monitoring
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Lessons From International Experience With Electricity Market Monitoring
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Author : Frank A. Wolak
language : en
Publisher: World Bank Publications
Release Date : 2005
Lessons From International Experience With Electricity Market Monitoring written by Frank A. Wolak and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Electric power categories.
More than 10 years of experience with the electricity industry restructuring process has shown that market failures are more likely and substantially more harmful to consumers than other market failures because of how electricity is produced and delivered and the crucial role it plays in the modern economy. Wholesale market meltdowns of varying magnitudes and durations have occurred in electricity markets around the world, and many of them could have been prevented if a prospective market monitoring process backed by the prevailing regulatory authority had been in place at the start of the market."
Lessons From International Experience With Electricity Market Monitoring
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Author : Frank A. Wolak
language : en
Publisher:
Release Date : 2012
Lessons From International Experience With Electricity Market Monitoring written by Frank A. Wolak and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
The author first describes those features of the electricity supply industry that make a prospective market monitoring process essential to a well-functioning wholesale market. Some of these features are shared with the securities industry, although the technology of electricity production and delivery make a reliable transmission network a necessary condition for an efficient wholesale market. These features of the electricity supply industry also make antitrust or competition law alone an inadequate foundation for an electricity market monitoring process. The author provides examples of both the successes and failures of market monitoring from several international markets. More than 10 years of experience with the electricity industry restructuring process has shown that market failures are more likely and substantially more harmful to consumers than other market failures because of how electricity is produced and delivered and the crucial role it plays in the modern economy. Wholesale market meltdowns of varying magnitudes and durations have occurred in electricity markets around the world, and many of them could have been prevented if a prospective market monitoring process backed by the prevailing regulatory authority had been in place at the start of the market.
Learning From The Blackouts
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Author : International Energy Agency
language : en
Publisher: OECD Publishing
Release Date : 2005
Learning From The Blackouts written by International Energy Agency and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Electricity market reform has fundamentally changed the environment for maintaining reliable and secure power supplies. Growing inter-regional trade has placed new demands on transmission systems, creating a more integrated and dynamic network environment with new real-time challenges for reliable and secure transmission system operation. Despite these fundamental changes, system operating rules and practices remain largely unchanged. The major blackouts of 2003 and 2004 raised searching questions about the appropriateness of these arrangements. Management of system security needs to be transformed to maintain reliable electricity services in this more dynamic operating environment. These challenges raise fundamental issues for policymakers. This publication presents case studies drawn from recent large-scale blackouts in Europe, North America, and Australia. It concludes that a comprehensive, integrated policy response is required to avoid preventable large-scale blackouts in the future.--Publisher summary.
Lessons From Liberalised Electricity Markets
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Author : International Energy Agency
language : en
Publisher:
Release Date : 2005
Lessons From Liberalised Electricity Markets written by International Energy Agency and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
"After a decade or more of experiences in reforming electricity markets in several pioneer regions, some important lessons can now be drawn. This book gives an assessment of these developments, focusing on the issues that are critical for successful electricity market liberalization. One lesson is that it is a long process which requires strong on-going government involvement and commitment. Experiences and examples in the study are mainly drawn from the UK, Australian, Nordic and North Eastern United States (the PJM interconnection) markets, which have all operated with considerable success for a number of years. They have improved efficiency without jeopardizing system security. These markets are described in greater detail in annexes of the book but the main analysis focuses on key issues rather than on specific countries and regions or specific market models. The study explores different solutions used in those relatively robust markets and the remaining challenges."--Publisher description.
Energy Market Experience Set
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Author : Organisation for Economic Co-operation and Development (OECD) Staff
language : en
Publisher: OECD Publishing
Release Date : 2005-12
Energy Market Experience Set written by Organisation for Economic Co-operation and Development (OECD) Staff and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-12 with categories.
Modern Energy Markets
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Author : Maria Kopsakangas-Savolainen
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-04-02
Modern Energy Markets written by Maria Kopsakangas-Savolainen and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-04-02 with Science categories.
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.
International Handbook On The Economics Of Energy
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Author : Lester C. Hunt
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01
International Handbook On The Economics Of Energy written by Lester C. Hunt 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 2011-01-01 with Business & Economics categories.
As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics. Themes addressed include the theory of energy supply, demand and policy, empirical modelling of energy demand, holistic energy models, an analysis of coal, gas, electricity, oil and the markets within which they operate, and a discussion of the current key energy policy issues. The topics of pricing, transmission, regulation, security, energy efficiency, new technologies and climate change are also discussed. The International Handbook on the Economics of Energy presents a comprehensive overview of the state-of-the-art research making it an indispensable reference for researchers, advanced students, practitioners and policy-makers alike.
Governance And Regulation Of Power Pools And System Operators
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Author : James Barker
language : en
Publisher: World Bank Publications
Release Date : 1997-01-01
Governance And Regulation Of Power Pools And System Operators written by James Barker and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-01-01 with Nature categories.
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.
Competitive Electricity Markets
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Author : Fereidoon Sioshansi
language : en
Publisher: Elsevier
Release Date : 2011-10-10
Competitive Electricity Markets written by Fereidoon 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
Integrating Regulated Network Markets In Europe
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Author :
language : en
Publisher: "la Caixa"
Release Date :
Integrating Regulated Network Markets In Europe written by and has been published by "la Caixa" this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.