Electricity Pricing in Transition

Electricity Pricing in Transition PDF

Author: Ahmad Faruqui

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 372

ISBN-13: 1461508339

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Electricity Pricing In Transition is written to address the new issues facing utilities, retailers, regulators, and customers in the changing electricity market. It is organized into five sections. Section I deals with the new restructured organization that has emerged from yesterday's vertically integrated, regulated monopoly company. Section II deals with issues in competitive pricing. Section III reviews the role of demand response and product design in today's chaotic marketplace. Given the single importance of California's energy crisis and the fact that it will be studied for years to come, Section IV is devoted to studying the lessons learned from this crisis. The final section of the book deals with markets and regulations. This book will provide practitioners with guidance on how to avoid the major pitfalls in pricing electricity while the market is in transition by drawing upon the insights and lessons learned from the experience of others that are documented in this book.

Electricity Pricing

Electricity Pricing PDF

Author: Lawrence J. Vogt

Publisher: CRC Press

Published: 2017-12-19

Total Pages: 696

ISBN-13: 1420014781

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As the advent of the Smart Grid revolutionizes how homeowners and businesses purchase and manage power, electricity pricing is becoming more complicated and intricate than ever before, while the need for more frequent rate revisions remains a primary issue in the field. A timely and accessible guide for the new industry environment, Electricity Pricing: Engineering Principles and Methodologies helps those involved in both the engineering and financial operations of electric power systems to "get the money right" while ensuring reliable electric service at a fair and reasonable cost. Explores both the business functions and engineering principles associated with electricity pricing Examining pricing approaches and opportunities, this book presents tools, viewpoints, and explanations that are generally not found in contemporary literature. It clarifies valuable analysis techniques, realistic examples, and unique lessons passed along from those inside the industry. This "how to do it" guide fosters a multidisciplinary understanding that integrates information, methodologies, and techniques from accounting, economics, engineering, finance, and marketing. Detail-oriented but still mindful of the big picture, this book examines the complex relationship between electricity, customers, and service providers in relation to pricing. Electricity Pricing also: Presents mathematical methods and techniques used to establish electricity prices, determine cost causation, and evaluate pricing structures and mechanisms Explores ways to translate and integrate cost elements into practical pricing structures Details how engineering concepts are used to apportion production, delivery, and associated costs to determine cost of service and to support all aspects of ratemaking strategy, design, analysis, and decision making This comprehensive professional reference addresses theory but remains grounded in no-nonsense practical applications. It is dually suited to introduce newcomers to the technical principles and methodologies of electricity pricing and provide veterans with a valuable consolidation of advanced tools for pricing analysis and problem solving. Watch an interview of the author at http://youtu.be/4fU8nkDVhNY

Electricity Markets

Electricity Markets PDF

Author: Chris Harris

Publisher: John Wiley & Sons

Published: 2006-05-18

Total Pages: 550

ISBN-13: 0470011580

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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.

Pricing in Competitive Electricity Markets

Pricing in Competitive Electricity Markets PDF

Author: Ahmad Faruqui

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 463

ISBN-13: 1461545293

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Electricity markets are being deregulated or face new regulatory frameworks. In such changing markets, new pricing strategies will need to consider such factors as cost, value of service and pricing by objective. Pricing in Competitive Electricity Markets introduces a new family of pricing concepts, methodologies, models, tools and databases focused on market-based pricing. This book reviews important theoretical pricing issues as well as practical pricing applications for changing electricity markets.

Spot Pricing of Electricity

Spot Pricing of Electricity PDF

Author: Fred C. Schweppe

Publisher: Springer Science & Business Media

Published: 2013-03-07

Total Pages: 362

ISBN-13: 1461316839

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There is a need for fundamental changes in the ways society views electric energy. Electric energy must be treated as a commodity which can be bought, sold, and traded, taking into account its time-and space-varying values and costs. This book presents a complete framework for the establishment of such an energy marketplace. The framework is based on the use of spot prices. In general terms: o An hourly spot price (in dollars per kilowatt hour) reflects the operating and capital costs of generating, transmitting and distributing electric energy. It varies each hour and from place to place. o The spot price based energy marketplace involves a variety of utility-customer transactions (ranging from hourly varying prices to long-term, multiple-year contracts), all of which are based in a consistent manner on hourly spot prices. These transactions may include customers selling to, as well as buying from, the utility. The basic theory and practical implementation issues associated with a spot price based energy marketplace have been developed and discussed through a number of different reports, theses, and papers. Each addresses only a part of the total picture, and often with a somewhat different notation and terminology (which has evolved in parallel with our growing experience). This book was xvii xviii Preface written to serve as a single, integrated sourcebook on the theory and imple mentation of a spot price based energy marketplace.

Criteria for Energy Pricing Policy

Criteria for Energy Pricing Policy PDF

Author: Corazon Siddayao

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 254

ISBN-13: 9401198101

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The main part of this volume is composed of papers commissioned for the Energy Pricing Policy Workshop held at Bangkok from 8 to 11 May 1984, co-ordinated by the U nited Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Resource Systems Institute of the East-West Center. The Workshop, which involved high-level policy planners was financially sponsored by several from several Asian developing countries, organizations: the ESCAP Regional Energy Development Programme funded by the United Nations Development Programme; the European Economic Community; the International Labour Organisation; and the International Development Research Centre. Publication of these papers has been supported by funds from the European Economic Community and the United States Agency for International Development. Preparation of the manuscripts for publication was undertaken at the East-West Center, through contribution in kind at the professional, editorial, and support staff levels. out of discussions at the Eighth Session of the The Workshop developed ESCAP Committee on Natural Resources, 27 October to 2 November 1981, where questions on resource pricing in general (as related to energy resources) and sectoral pricing policies for end-users were discussed in the context of demand management. It was recognized that, although much work had been done in the area, policy makers could seldorn obtain analytically supported, yet realistic, guidance concerning energy pricing questions. The emphasis of the Workshop was, therefore, on policy decision-making, and the application of theory to policy formulation in the energy pricing area.

Electricity Markets

Electricity Markets PDF

Author: Chris Harris

Publisher: John Wiley & Sons

Published: 2011-01-31

Total Pages: 550

ISBN-13: 1119995132

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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.

Electricity Pricing

Electricity Pricing PDF

Author: Mohan Munasinghe

Publisher: Johns Hopkins University Press

Published: 1982

Total Pages: 408

ISBN-13:

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The rapidly increasing cost of electric power in recent years has brought about a growing awareness of the importance of pricing policies in maximizing the net economic benefits of consumption and avoiding waste. Although the theoretical principles governing optimal pricing strategies have long been understood, their practical application to the energy sector in general, and to electric power in particular, has not been seriously pursued until recently. Increasing unit costs, however, have provided the stimulus for a change in approach, and there is now a good deal of evidence that marginal cost pricing is becoming accepted as an important criterion that should be considered in determining electric power tariffs. The book contains a summary of the economic principles underlying marginal cost pricing for electric power, and emphasizes the importance of the adjustments that need to be made to the strict long-run marginal costs (LRMC) to reflect the various economic, social, and engineering objectives and constraints that are actually faced by policymakers in the energy sector. The book also consists of case studies that follow a two-stage procedure in which the LRMC of electric power is used to weigh the costs and benefits of other policy objectives that might be addressed through the medium of power pricing. LRMC is therefore treated largely as a benchmark by which other economic and social objectives may be consciously judged.