[PDF] Features Of Electricity Prices eBook

Author : Monica Greer
Publisher : Academic Press
Page : 360 pages
File Size : 28,75 MB
Release : 2010-09-22
Category : Business & Economics
ISBN : 0080961355

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A "quick look up guide," Electricity Cost Modeling Calculations places the relevant formulae and calculations at the reader's finger tips. In this book, theories are explained in a nutshell and then the calculation is presented and solved in an illustrated, step-by-step fashion. A valuable guide for new engineers, economists (or forecasters), regulators, and policy makers who want to further develop their knowledge of best practice calculations techniques or experienced practitioners (and even managers) who desire to acquire more useful tips, this book offers expert advice for using such cost models to determine optimally-sized distribution systems and optimally-structured power supplying entities. In other words, this book provides an Everything-that-you-want-to-know-about-cost-modelling-for-electric-utilities (but were afraid to ask) approach to modelling the cost of supplying electricity. In addition, the author covers the concept of multiproduct and multistage cost functions, which are appropriate in modelling the cost of supplying electricity. The author has done all the heavy number-crunching, and provides the reader with real-world, practical examples of how to properly quantify the costs associated with providing electric service, thus increasing the accuracy of the results and support for the policy initiatives required to ensure the competitiveness of the power suppliers in this new world in which we are living. The principles contained herein could be employed to assist in the determination of the cost-minimizing amount of output (i.e., electricity), which could then be used to determine whether a merger between two entities makes sense (i.e., would increase profitability). Other examples abound: public regulatory commissions also need help in determining whether mergers (or divestitures) are welfare-enhancing or not; ratemaking policies depend on costs and properly determining the costs of supplying electric (or gas, water, and local telephone) service. Policy makers, too, can benefit in terms of optimal market structure; after all, the premise of deregulation of the electric industry was predicated on the idea that generation could be deregulated. Unfortunately, the economies of vertical integration between the generation. A comprehensive guide to the cost issues surrounding the generation, transmission, and distribution of electricity Real-world examples that are practical, meaningful, and easy to understand Policy implications and suggestions to aid in the formation of the optimal market structure going forward (thus increasing efficiency of electric power suppliers) The principles contained herein could be employed to assist in the determination of the cost-minimizing amount of output

Author : Hélyette Geman
Publisher :
Page : 74 pages
File Size : 13,95 MB
Release : 2005
Category :
ISBN :

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This paper analyzes the special features of electricity spot prices derived from the physics of this commodity and from the economics of supply and demand in a market pool. Besides mean-reversion, a property they share with other commodities, power prices exhibit the unique feature of spikes in trajectories. We introduce a class of discontinuous processes exhibiting a jump-reversion component to properly represent these sharp upward moves shortly followed by drops of similar magnitude. Our approach allows to capture - for the first time to our knowledge - both the trajectorial and the statistical properties of electricity pool prices. The quality of the fitting is illustrated on a database of major US power markets.

Author : Lawrence J. Vogt
Publisher : CRC Press
Page : 696 pages
File Size : 31,74 MB
Release : 2017-12-19
Category : Technology & Engineering
ISBN : 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

Author : Marcio de Almeida D'Agosto
Publisher :
Page : 308 pages
File Size : 38,55 MB
Release : 2019-06-28
Category : Transportation
ISBN : 0128134542

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Transportation, Energy Use and Environmental Impacts shows researchers, students and professionals the important connection between transportation planning, energy use and emissions. The book examines the major transportation activities, components, systems and subsystems by mode. It closely explores the resulting environmental impacts from transport planning, construction and the decommissioning of transportation systems. It discusses transportation planning procedures from an energy use standpoint, offering guidelines to make transportation more energy consumption efficient. Other sections cover propulsion and energy use systems, focusing on road transportation, railway, waterway, pipeline, air, air pollutants, greenhouse gas emissions, and more. Shows the relationship between road, rail, maritime, air and pipeline transportation activities with fuel use and pollution, greenhouse gases and waste Provides a comprehensive approach, covering transportation system planning, design and infrastructure construction Synthesizes the needed information and data, explaining how to improve transportation system performance Includes learning aids, such as cases from around the globe, a glossary, extensive bibliography, chapter objectives, summaries and exercises

Author : Glachant, Jean-Michel
Publisher : Edward Elgar Publishing
Page : 672 pages
File Size : 10,19 MB
Release : 2021-11-12
Category : Business & Economics
ISBN : 1788979958

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With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.

Author : Zhaoguang Hu
Publisher : Springer Science & Business Media
Page : 449 pages
File Size : 22,5 MB
Release : 2013-11-22
Category : Business & Economics
ISBN : 3642407579

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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.

Author : Stan Kaplan
Publisher : DIANE Publishing
Page : 108 pages
File Size : 27,42 MB
Release : 2011
Category : Technology & Engineering
ISBN : 1437939740

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This is a print on demand edition of a hard to find publication. Analyzes the factors that determine the cost of electricity from new power plants. These factors -- including construction costs, fuel expense, environ. regulations, and financing costs -- can all be affected by government, energy, environmental, and economic policies. Contents: (1) Intro. and Org.; (2) Types of Generating Technologies: Electricity Demand and Power Plant Choice and Operation; Utility Scale Generating Technologies; (3) Factors that Drive Power Plant Costs; (4) Fuel Costs. Appendixes: Power Generation Technology Process Diagrams and Images; Estimates of Power Plant Overnight Costs; Estimates of Technology Costs and Efficiency with Carbon Capture; Financial and Operating Assumptions. Charts and tables.