Electricity Economics

Download Electricity Economics ebook PDF or Read Online books in PDF, EPUB, and Mobi Format. Click Download or Read Online button to Electricity Economics book pdf for free now.

Economics Of Electricity

Author : Anna Cretì
ISBN : 9781107185654
Genre : Business & Economics
File Size : 20.18 MB
Format : PDF, Kindle
Download : 587
Read : 831

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.
Category: Business & Economics

Electricity Economics And Planning

Author : Tom W. Berrie
ISBN : 0863412823
Genre : Technology & Engineering
File Size : 78.35 MB
Format : PDF, ePub, Docs
Download : 208
Read : 764

Recent sweeping changes to the way in which the electricity supply industry is run are reflected in this new treatment of power economics and planning. Berrie's 1983 Power system economics (now out of print) was well received as a rare and lucid insight into this complex area; his new book replaces and updates it with additional consideration of issues such as short-term programmes, the effect of the markets, the use of spot or real-time pricing, consumer and demand response, privatisation, and conservation and environmental maintenance.
Category: Technology & Engineering

Electricity Economics Production Functions With Electricity

Author : Zhaoguang Hu
ISBN : 9783642407574
Genre : Business & Economics
File Size : 84.7 MB
Format : PDF, Docs
Download : 794
Read : 1074

Electricity Economics: Production Functions with Electricity studies the production output from analyzing patterns of electricity consumption. Since electricity data can be used to measure scenarios of economic performance due to its accuracy and reliability, it could therefore also be used to help scholars explore new research frontiers that directly and indirectly benefits human society. Our research initially explores a similar pattern to substitute the Cobb–Douglas function with the production function with electricity to track and forecast economic activities. The book systematically introduces the theoretical frameworks and mathematical models of economics from the perspective of electricity consumption. The E-GDP functions are presented for case studies of more than 20 developed and developing countries. These functions also demonstrate substantial similarities between human DNA and production functions with electricity in terms of four major characteristics, namely replication, mutation, uniqueness, and evolution. Furthermore, the book includes extensive data and case studies on the U.S., China, Japan, etc. It is intended for scientists, engineers, financial professionals, policy makers, consultants, and anyone else with a desire to study electricity economics as well as related applications. Dr. Zhaoguang Hu is the vice president and chief energy specialist at the State Grid Energy Research Institute, China. Zheng Hu is a PhD candidate at the Center for Energy and Environmental Policy, University of Delaware, USA.
Category: Business & Economics

Electricity Economics

Author : Martin Schetzen
ISBN : STANFORD:36105111890203
Genre : Business & Economics
File Size : 49.4 MB
Format : PDF, Mobi
Download : 893
Read : 1066

A lucid and up-to-date introduction to understanding electrical power utilities in an era of change Electric utilities worldwide are undergoing profound transformations: nationally owned systems are becoming privatized, privately owned systems that were previously regulated are becoming deregulated, and national systems are becoming international. Professionals in the power sector must now work in a new world in which an understanding of the principles of markets and how to evaluate investment projects under competition are essential. This text was written as a manual for the Russian Federal Energy Commission to train regional electricity rate regulators in the principles of economics and finance involved in regulating electricity markets and deregulating electricity generation. Requiring no familiarity with economics and using a minimum of mathematics, this book provides professionals in the power sector with the tools to face the new realities of electric utility operation. Designed both as a reference for practicing professionals and as a textbook for university and continuing education programs, Electricity Economics: Regulation and Deregulation discusses: The lessons learned from international experiences Competitive versus noncompetitive markets Cost and supply, profit, and economic efficiency The cost of capital, including net present value, discounting, and risk and return Wholesale power markets, generation expansion, and customer choice Specific international examples including the Californian, Norwegian, Spanish, and Argentine power sectors Plus numerous exercises to help clarify and support absorption of the concepts
Category: Business & Economics

The Economics Of Electricity Markets

Author : Darryl R. Biggar
ISBN : 9781118775721
Genre : Science
File Size : 56.36 MB
Format : PDF, Docs
Download : 154
Read : 943

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
Category: Science

The Economics Of Electricity Markets

Author : Clara Poletti
ISBN : 9780857933966
Genre : Business & Economics
File Size : 22.47 MB
Format : PDF, ePub, Docs
Download : 879
Read : 1267

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.
Category: Business & Economics

Electricity Markets And Power System Economics

Author : Deqiang Gan
ISBN : 9781466501706
Genre : Science
File Size : 87.78 MB
Format : PDF, ePub, Mobi
Download : 514
Read : 655

After the first power plant in history was commissioned for commercial operation by Thomas Edison on Pearl Street in New York in 1882, electricity was sold as a consumer product at market prices. After a period of rapid development, electricity had become such a fundamental product that regulation was believed to be necessary. Since then, the power industry had been considered a natural monopoly and undergone periods of tight regulation. Deregulation started in the early 1980s and as a result, most developed countries run their power industries using a market approach. With the theories and rules of electricity markets developing rapidly, it is often difficult for beginners to start learning and difficult for those in the field to keep up. Bringing together information previously scattered among various journals and scholarly articles, Electricity Markets and Power System Economics provides a comprehensive overview of the current state of development in the electricity market. It introduces the fundamental principles of power system operation so that even those with a basic understanding can benefit from the book. The book includes a series of consistent mathematical models of market operation of power systems, and original cases with solutions. Systematically describing the basic building blocks of electricity market theory, the book provides a guide to underlying theory and mainstream market rules.
Category: Science

Economic Evaluation Of Projects In The Electricity Supply Industry Revised Edition

Author : Hisham Khatib
ISBN : 9780863413049
Genre : Business & Economics
File Size : 42.21 MB
Format : PDF, Docs
Download : 569
Read : 1245

This fully revised and updated edition of Financial and Economic Evaluation of Projects in the Electricity Supply Industry (1996) takes a broad introductory approach, covering market and environmental issues, financial analysis and evaluation and clean environmental technologies and costs. New topics include electricity trading and risk management, evolving electricity utilities and new and future generation technologies in a carbonconstrained world.
Category: Business & Economics

An Exploration Into China S Economic Development And Electricity Demand By The Year 2050

Author : Zhaoguang Hu
ISBN : 9780124201507
Genre : Business & Economics
File Size : 40.36 MB
Format : PDF, Kindle
Download : 704
Read : 1280

An Exploration into China's Economic Development and Electricity Demand by the Year 2050, is an exploratory study of national and regional economic development, energy demand and electricity demand in China by the year of 2050. China’s economy grows rapidly and it is now the second largest economy in the world. In 2010, GDP reached 40 trillion Yuan and electricity consumption was second only to the United States, reaching 4.19 trillion kWh. Many people follow future (long-term) trends of Chinese economic development and demand for electricity closely and are especially interested in how development will look in 2030 and 2050. Based on the ILE4, this book examines the main features of China's economic development and electricity consumption since the economic reform of the 1980's. It includes an analysis of the intrinsic connection between electricity demand and economic growth and the changing trends of the adjustment of economic structure, regional layout optimization and development of the energy intensive industry, as well as how these factors impact China's demand for electricity. In addition, the book considers the next 20 years of China's economic development and growing demand for electricity based on the detailed simulations conducted by ILE4 in regional economic development and electricity consumption in 2030 as well as the prospective of China's electricity consumption and economic growth in the year 2050. Allows readers China’s economy from reform and opening up to 2050, including the national GDP, economy structure and economy of all the provinces and municipalities Examines China's economic development and electricity consumption since the economic reform of the 1980's Considers consumption of the next 20 years and demand by the year of 2050 based on simulations conducted by ILE4
Category: Business & Economics

Principles Of Electricity Markets Economics

Author : Massimiliano Coppo
ISBN : 9788835377184
Genre : Technology & Engineering
File Size : 75.68 MB
Format : PDF, ePub
Download : 864
Read : 404

This book is aimed at university students in engineering, in particular graduated students in the electrical engineering area who want to learn more about topics such as the operation of electricity markets and the related policy decisions. The book starts with providing the fundamental theory of economics and regulation in relation to the electricity sector and then recalls the theory of nodal prices for the valuation of electrical energy at a power system buses. Numerical examples are used to clarify the implications of the theoretical models presented. Along with the theoretical aspects of valuating electricity, the book addresses the organisation of markets, including the real case example of the Italian power exchange, the options for capacity markets, the valuation of investments in transmission capacity and the congestion management, briefly recalling the current state of European markets integration. Environmental externalities are addressed while focusing on the current state of emission trading systems and the support for renewable energy. Finally, price formation and financial products supporting electricity trading are discussed.
Category: Technology & Engineering

Electricity Markets

Author : Chris Harris
ISBN : 9781119995135
Genre : Business & Economics
File Size : 26.28 MB
Format : PDF, Mobi
Download : 501
Read : 958

Understand the electricity market, its policies and how they drive prices, emissions, and security, with this comprehensive cross-disciplinary book. Author Chris Harris includes technical and quantitative arguments so you can confidently construct pricing models based on the various fluctuations that occur. Whether you?re a trader or an analyst, this book will enable you to make informed decisions about this volatile industry.
Category: Business & Economics

Economic And Technical Review Of Generating Electricity From Landfill Gas

Author : DIANE Publishing Company
ISBN : 1568067070
Genre :
File Size : 35.36 MB
Format : PDF, ePub, Mobi
Download : 896
Read : 960

Examines the feasibility of generating electricity using the methane gas from landfills in Minnesota. The analysis includes an examination of the methane generation process, state & federal rules which affect the economics of producing electricity, a technical description of the energy conservation operation & the potential energy recovery from the landfills in Minnesota. The report also examines the theoretical electrical capacity estimates, the various factors affecting project economics & the future technological potential.
Category:

China S Economic Gene Mutations

Author : Zhaoguang Hu
ISBN : 3662472996
Genre :
File Size : 25.33 MB
Format : PDF, ePub
Download : 192
Read : 554

The book focuses on low-carbon issues and China's economy, which is analyzed from the perspective of electricity economics. It proposes the novel concept of an "economic gene" to reflect certain characteristics of the economy. The gene mapping of China's economy has been studied based on production functions with electricity. Economic mutations have also been studied with the aim of diagnosing problems in the economy. Two such mutations have occurred in China since 1978, the most recent being in 2012 and no further mutation is expected until 2025. The book describes the inherent quality of China's economy from 2012 to 2025, and how mechanism reforms would greatly improve marginal representative factor productivity in this period. The agents response equilibrium (ARE) approach to simulate national economy, based on multi-agent technology is proposed. Another cornerstone of the model is the input-output table. Simulated input-output tables from 2011 to 2025 are provided in the book. This book provides recommendations for policy makers and advisors, and is a valuable resource for researchers in the fields of economics, public policies, low-carbon development, electricity and energy. It also provides insights into China's economic development.
Category:

Ecological Economics

Author : Michael Common
ISBN : 113944543X
Genre : Business & Economics
File Size : 28.84 MB
Format : PDF, ePub, Docs
Download : 302
Read : 840

Taking as its starting point the interdependence of the economy and the natural environment, this book provides a comprehensive introduction to the emerging field of ecological economics. The authors, who have written extensively on the economics of sustainability, build on insights from both mainstream economics and ecological sciences. Part I explores the interdependence of the modern economy and its environment, while Part II focuses mainly on the economy and on economics. Part III looks at how national governments set policy targets and the instruments used to pursue those targets. Part IV examines international trade and institutions, and two major global threats to sustainability - climate change and biodiversity loss. Assuming no prior knowledge of economics, this textbook is well suited for use on interdisciplinary environmental science and management courses. It has extensive student-friendly features including discussion questions and exercises, keyword highlighting, real-world illustrations, further reading and website addresses.
Category: Business & Economics

Electricity Market Reform

Author : Fereidoon P. Sioshansi
ISBN : 0080462715
Genre : Technology & Engineering
File Size : 79.5 MB
Format : PDF, ePub, Docs
Download : 576
Read : 817

Since the late 1980s, policy makers and regulators in a number of countries have liberalized, restructured or “deregulated their electric power sector, typically by introducing competition at the generation and retail level. These experiments have resulted in vastly different outcomes - some highly encouraging, others utterly disastrous. However, many countries continue along the same path for a variety of reasons. Electricity Market Reform examines the most important competitive electricity markets around the world and provides definitive answers as to why some markets have performed admirably, while others have utterly failed, often with dire financial and cost consequences. The lessons contained within are direct relevance to regulators, policy makers, the investment community, industry, academics and graduate students of electricity markets worldwide. Covers electicity market liberalization and deregulation on a worldwide scale Features expert contributions from key people within the electricity sector
Category: Technology & Engineering