Power Markets and Economics : Energy Costs, Trading, Emissions.
Başlık:
Power Markets and Economics : Energy Costs, Trading, Emissions.
Yazar:
Murray, Barrie.
ISBN:
9780470743010
Yazar Ek Girişi:
Basım Bilgisi:
1st ed.
Fiziksel Tanımlama:
1 online resource (327 pages)
İçerik:
Power Markets and Economics: Energy Costs, Trading, Emissions -- Contents -- Foreword -- Preface -- One Industry Infrastructure -- 1 Approach to Restructuring -- 1.1 INTRODUCTION -- 1.2 INDUSTRY PHYSICAL STRUCTURE -- 1.3 INTRODUCTION OF COMPETITION -- 1.4 RESTRUCTURING OPTIONS -- 1.5 COMPARISON OF STRUCTURES -- 1.6 SUMMARY -- 2 Market Mechanisms -- 2.1 INTRODUCTION -- 2.2 MARKET PARTICIPANTS -- 2.3 MARKET MECHANISMS -- 2.4 MARKET IMPLEMENTATION -- 2.5 PRICE ANALYSIS -- 2.6 SUMMARY -- Two The Cost Chain -- 3 Basic Generation Energy Costs -- 3.1 INTRODUCTION -- 3.2 COST COMPONENTS -- 3.3 PRACTICAL OPERATING EFFICIENCIES -- 3.4 IMPACT OF UTILISATION ON COSTS -- 3.5 COMPARISON OF GENERATION COSTS -- 3.6 INTERNATIONAL COMPARISONS -- 3.7 SUMMARY -- 4 Alternative Energy Sources -- 4.1 INTRODUCTION -- 4.2 COMPETING SOURCES -- 4.3 CURRENT PRODUCTION EUROPE -- 4.4 INCENTIVE SCHEMES -- 4.5 MARKET PRICING -- 4.6 THE ECONOMICS OF ALTERNATIVE SOURCES -- 4.7 COMPARISONS -- 4.8 SUMMARY -- 5 Emissions -- 5.1 INTRODUCTION -- 5.2 EMISSION TRADING SCHEMES (ETS) -- 5.3 LARGE COMBUSTION PLANT DIRECTIVE (LCPD) -- 5.4 GENERATION CO2 EMISSIONS -- 5.5 PRODUCTION COSTS -- 5.6 NATIONAL ALLOCATION PLANS -- 5.7 MARKET OPERATION -- 5.8 IMPACT OF CAPACITY MIX -- 5.9 INTERNATIONAL APPROACH -- 5.10 SUMMARY -- 6 Transmission -- 6.1 INTRODUCTION -- 6.2 IMPACT OF TRANSMISSION CONSTRAINTS IN MARKETS -- 6.3 TRANSMISSION CHARGING -- 6.4 DERIVATION OF USE OF SYSTEM CHARGES -- 6.5 INTERNATIONAL TARIFF COMPARISONS -- 6.6 TRANSMISSION INVESTMENT -- 6.7 INTERCONNECTION INVESTMENT APPRAISAL -- 6.8 INTERNATIONAL PRACTICE -- 6.9 SUMMARY -- 7 Distribution -- 7.1 INTRODUCTION -- 7.2 MARKET STATUS -- 7.3 COMMERCIAL ARRANGEMENTS -- 7.4 METERING AND BALANCING -- 7.5 COST OF DISTRIBUTION -- 7.6 DISTRIBUTION TARIFFS -- 7.7 OPEX REGULATION -- 7.8 CAPEX REGULATION -- 7.9 BUSINESS RISK.
7.10 DISTRIBUTED GENERATION -- 7.11 SUMMARY -- 8 End User Charges and Prices -- 8.1 INTRODUCTION -- 8.2 PRICE COMPARISONS -- 8.3 END USER ENERGY PRICES -- 8.4 TOTAL END USER PRICES -- 8.5 TARIFF DEVELOPMENT -- 8.6 CUSTOMER SWITCHING -- 8.7 SUMMARY -- Three Market Operation -- 9 Market Trading -- 9.1 INTRODUCTION -- 9.2 EUROPEAN MARKETS -- 9.3 DEVELOPING MARKETS - CHINA -- 9.4 MARKET POWER -- 9.5 TRADING ARRANGEMENTS -- 9.6 BILATERAL TRADING -- 9.7 BALANCING MARKET -- 9.8 EXCHANGE TRADING -- 9.9 SUPPLIER RISK -- 9.10 GENERATION RISK -- 9.11 MARKET INTERACTION -- 9.12 ARBITRAGE SPARK SPREAD -- 9.13 SUMMARY -- 10 Market Analysis -- 10.1 INTRODUCTION -- 10.2 MODELLING OVERVIEW -- 10.3 DISPATCH MARKET SIMULATION -- 10.4 LOAD DURATION MODEL -- 10.5 HYDRO GENERATION -- 10.6 INTERCONNECTION MODELLING -- 10.7 PREDICTING DEMAND DATA -- 10.8 GENERATION DATA -- 10.9 CALCULATIONS -- 10.10 PRICE DURATION CURVE -- 10.11 STATISTICAL FORECASTING -- 10.12 PREDICTING NEW ENTRY -- 10.13 SUMMARY -- 11 Ancillary Service Markets -- 11.1 INTRODUCTION -- 11.2 ANCILLARY SERVICE REQUIREMENTS -- 11.3 MARKET VOLUME -- 11.4 PROCUREMENT PROCESS -- 11.5 COST OF PROVIDING SERVICES -- 11.6 PREDICTING REVENUES -- 11.7 SUMMARY -- 12 Cross-border Trading -- 12.1 INTRODUCTION -- 12.2 GOVERNANCE -- 12.3 CROSS-BORDER CAPACITY -- 12.4 NEW INVESTMENT -- 12.5 MANAGING OPERATION -- 12.6 CAPACITY AUCTIONS -- 12.7 SECURITY -- 12.8 CHARGING FOR WHEELING -- 12.9 INTERNATIONAL TRADING DEVELOPMENT -- 12.10 SUMMARY -- 13 Investment Appraisal -- 13.1 INTRODUCTION -- 13.2 OVERALL ANALYSIS -- 13.3 ANALYSIS OF OPTIONS -- 13.4 PLANT COSTS -- 13.5 PREDICTING REVENUE -- 13.6 BIDDING/CONTRACTING STRATEGY -- 13.7 EVALUATING RISK -- 13.8 SUMMARY -- Four Market Development -- 14 Market Performance -- 14.1 INTRODUCTION -- 14.2 PERFORMANCE CRITERIA -- 14.3 MARKET SHORTCOMINGS -- 14.4 PERFORMANCE ASSESSMENT.
14.5 PERFORMANCE IMPROVEMENT -- 14.6 SUMMARY -- 15 Market Developments -- 15.1 INTRODUCTION -- 15.2 GENERATION DEVELOPMENTS -- 15.3 FUTURE PLANT MIX -- 15.4 TRANSMISSION AND DISTRIBUTION GRIDS -- 15.5 CARBON CAPTURE AND STORAGE -- 15.6 MARKET IMPLICATIONS -- 15.7 SUMMARY -- 16 Long-term Scenarios -- 16.1 INTRODUCTION -- 16.2 EMISSIONS -- 16.3 ALTERNATIVE ENERGY SOURCES -- 16.4 THE NUCLEAR OPTION -- 16.5 FUEL PRICES -- 16.6 FUEL SUPPLY SECURITY -- 16.7 SYSTEM SECURITY -- 16.8 CLEAN COAL TECHNOLOGY -- 16.9 NETWORK DEVELOPMENTS -- 16.10 INTERNATIONAL COMMODITY AND FREIGHT MARKETS -- 16.11 COMPETITION -- 16.12 CONCLUSIONS -- Glossary -- References -- Appendix -- CONVERSION TABLES -- Index.
Özet:
From the author: I have specialised in power system development and economics for the last 40 years having worked for a distribution company and as a senior manager with a generator (CEGB), a transmission company (NGC) and a manufacturer (ABB). Prior to liberalisation I worked on the development of algorithms to optimise system planning and operation which led to my playing a lead role in the restructuring of the UK power sector in 1990. In 1998 I set up as an independent consultant with a company called 'Electricity Market Services Ltd' and published a book on early experiences with Wiley called 'Electricity Markets'. Since then I have worked on projects throughout the world. I have advised government agencies and regulators in Belgium, the UK, South Africa, Sri Lanka, Oman, Namibia and Abu Dhabi. I have analysed markets for clients covering the UK, France, Germany, the Netherlands, Spain, Italy, Ireland, Poland, the Czech Republic, Romania, Greece, Turkey, Scandinavia, the Ukraine, Russia and Kazakhstan, Botswana and Mozambique. I have also undertaken assignments in the US, Trinidad and Tobago and Singapore, for banks in Europe, the World Bank and for oil and gas companies. This new book is based on the experience and understanding gained from this wide spectrum of assignments and international experience. It shows how power costs can be calculated and compares those from conventional sources with renewable and other alternatives. It also includes detailed calculations of distribution and transmission charges showing the makeup of end user charges and the impact of emission restrictions. Part three discusses the operation of markets and how they may be analysed while part four speculates on future developments. I was encouraged to write the book and record my understanding and experiences by universities and others who recognised the shortage
of books in this area. I have included worked examples and endeavoured to keep abreast of the latest developments. The industry continues to face new challenges and it remains to be seen how well the market structures put in place will be able to deal with them. I originally trained as a power systems engineer with a first in Electrical Engineering. I subsequently took a Diploma in management Studies and completed a PhD in electricity markets. I am a fellow of the IEE, a senior member of the American IEEE and a member of the British Institute of Management.
Notlar:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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