Anna Creti

Economics of Electricity (eBook, ePUB)

Markets, Competition and Rules

• Format: ePub

Produktbeschreibung

This comprehensive and up-to-date book explains the economic rationale behind the production, delivery and exchange of electricity. Creti 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.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 30. Mai 2019
• Englisch
• ISBN-13: 9781316946589
• Artikelnr.: 57076010

Autorenporträt

Anna Cretì is Full Professor at the Université de Paris IX (Paris-Dauphine), Senior Research Associate at the Ecole Polytechnique and External Affiliate of the Siebel Institute at the University of California, Berkeley. She is the Scientific Director of The Climate Economics Chair and the Natural Gas Chair at Université de Paris IX (Paris-Dauphine). She is the author of numerous articles in international peer-reviewed journals.

Inhaltsangabe

Introduction
Part I. Introduction to Energy and Electricity: 1. Basic principles, definitions and unit measures
2. Introduction to electricity
brief history of the power industry
Part II. The Basic Design of the Electricity Systems and Markets: 3. The electricity systems and the electricity supply chain
4. The four market designs of the electricity system
5. Energy products and the time-dimension of electricity markets
6. Some principles of regulation of the electricity sector
Part III. Simplified Isolated Markets without Network Congestions: 7. Load and power generation
8. The centralized solution of optimal dispatching
9. Welfare maximisation with time - varying load
10. The market solution to optimal dispatching
11. Balancing markets
Part IV. Competition in Wholesale Electricity Markets: 12. Wholesale market competition
13. Market power in electricity markets
Part V. Introducing Transmission Networks: Network Congestions and Electricity Import-Export: 14. Electricity transmission: basic principles
15. Meshed networks and congestion
16. Transmission pricing in practice
17. From nodal prices to transmission capacity expansion
18. Transmission rights and price risk hedging
Part VI. Economics of Electricity Retail Markets: 19. Retail competition: supplying electricity to final consumers
20. Assessing the benefits of retail competition
Part VII. Investing in Power Generation: 21. Optimal investment in power generation
22. Energy-only markets vs markets with capacity remuneration mechanisms
23. Capacity remuneration mechanisms
Part VIII. Environmental Challenges and the Future of Electricity Markets: 24. Global warming and the electricity markets
25. Renewable energy sources and electricity production
26. The integration of renewable energy sources in the electricity system
27. Smart grids.