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Author: Ignacio J. Pérez-Arriaga Publisher: Springer Science & Business Media ISBN: 1447150341 Category : Business & Economics Languages : en Pages : 735
Book Description
Regulation of the Power Sector is a unified, consistent and comprehensive treatment of the theories and practicalities of regulation in modern power-supply systems. The need for generation to occur at the time of use occasioned by the impracticality of large-scale electricity storage coupled with constant and often unpredictable changes in demand make electricity-supply systems large, dynamic and complex and their regulation a daunting task. Arranged in four parts, this book addresses both traditional regulatory frameworks and also liberalized and re-regulated environments. First, an introduction gives a full characterization of power supply including engineering, economic and regulatory viewpoints. The second part presents the fundamentals of regulation and the third looks at the regulation of particular components of the power sector in detail. Advanced topics and subjects still open or subject to dispute form the content of Part IV. In a sector where regulatory design is the key driver of both the industry efficiency and the returns on investment, Regulation of the Power Sector is directed at regulators, policy decision makers, business managers and researchers. It is a pragmatic text, well-tested by the authors’ quarter-century of experience of power systems from around the world. Power system professionals and students at all levels will derive much benefit from the authors’ wealth of blended theory and real-world-derived know-how.
Author: Ignacio J. Pérez-Arriaga Publisher: Springer Science & Business Media ISBN: 1447150341 Category : Business & Economics Languages : en Pages : 735
Book Description
Regulation of the Power Sector is a unified, consistent and comprehensive treatment of the theories and practicalities of regulation in modern power-supply systems. The need for generation to occur at the time of use occasioned by the impracticality of large-scale electricity storage coupled with constant and often unpredictable changes in demand make electricity-supply systems large, dynamic and complex and their regulation a daunting task. Arranged in four parts, this book addresses both traditional regulatory frameworks and also liberalized and re-regulated environments. First, an introduction gives a full characterization of power supply including engineering, economic and regulatory viewpoints. The second part presents the fundamentals of regulation and the third looks at the regulation of particular components of the power sector in detail. Advanced topics and subjects still open or subject to dispute form the content of Part IV. In a sector where regulatory design is the key driver of both the industry efficiency and the returns on investment, Regulation of the Power Sector is directed at regulators, policy decision makers, business managers and researchers. It is a pragmatic text, well-tested by the authors’ quarter-century of experience of power systems from around the world. Power system professionals and students at all levels will derive much benefit from the authors’ wealth of blended theory and real-world-derived know-how.
Author: Charles E. Clark Publisher: Business Expert Press ISBN: 1606493841 Category : Business & Economics Languages : en Pages : 117
Book Description
The electric power industry was traditionally a utility to which people gave little thought. It has stable prices, low business risk, and predictable emerging issues. But great change has shaken the industry—mergers have resulted in large and powerful companies. Natural gas prices have plummeted and gas is replacing coal as the basis for both electricity production and new capacity. Environmental regulation is in flux. And new technologies are transforming all parts of the industry’s value chain. The high cost and new skills demanded by these technologies give rise to unprecedented financial risk. Addressing these new challenges and changes is the perfect book—A Profile of the Electric Power Industry: Facing the Challenges of the 21st Century. This book describes how the industry is organized, how it functions, with several unique aspects addressed in depth. These aspects include electricity demand, production, capacity expansion, generating technologies, fuels, regulation of both prices and environmental impacts, and retail products. Global climate change, energy efficiency, and the Smart Grid also receive extended coverage to help you understand the industry’s future.
Author: Thomas O. McGarity Publisher: Harvard University Press ISBN: 0674242807 Category : Political Science Languages : en Pages : 553
Book Description
The electric power industry has been transformed over the past forty years, becoming more reliable and resilient while meeting environmental goals. A big question now is how to prevent backsliding. Pollution, Politics, and Power tells the story of the remarkable transformation of the electric power industry over the last four decades. Electric power companies have morphed from highly polluting regulated monopolies into competitive, deregulated businesses that generate, transmit, and distribute cleaner electricity. Power companies are investing heavily in natural gas and utility-scale renewable resources and have stopped building new coal-fired plants. They facilitate end-use efficiency and purchase excess electricity produced by rooftop solar panels and backyard wind turbines, helping to reduce greenhouse-gas emissions. But these beneficial changes have come with costs. The once-powerful coal industry is on the edge of ruin, with existing coal-fired plants closing and coal mines shutting down. As a result, communities throughout Appalachia suffer from high unemployment and reduced resources, which have exacerbated a spiraling opioid epidemic. The Trump administration’s efforts to revive the coal industry by scaling back environmental controls and reregulating electricity prices have had little effect on the coal industry’s decline. Major advances therefore come with warning signs, which we must heed in charting the continuing course of sustainable electricity. In Pollution, Politics, and Power, Thomas O. McGarity examines the progress made, details lessons learned, and looks to the future with suggestions for building a more sustainable grid while easing the economic downsides of coal’s demise.
Author: Olav Hohmeyer Publisher: Springer Science & Business Media ISBN: 3642767125 Category : Business & Economics Languages : en Pages : 500
Book Description
Environmental costs of electric power generation are receiving increasing attention as an important input to planning and decision processes. Since the outstart of the discussion on the monetized environmental costs of electricity in 1988 a number of studies have been conducted on the subject, producing partially contradictory results. Simultaneously political action has resulted from the first stage on this discussion process. In Germany the higher rates which have to be payed to autoproducers based on renewable energy sources have been explicitly justified by the existence of external environmental costs of conventional electricity generation. At the same time some state regulatory commissions in the United States have introduced adders for environmental costs in the utility planning process. This book reports on the first international workshop on the subject, bringing together practically all experts in the field of research and political implementation from the United States and Germany, the two pioneering countries. The more than thirty contributed papers contained in this volume give the most comprehensive and up-to-date overview of the field. Some papers already outline the future course of research by giving an overview over some major research projects, which have just started.
Author: Francesco Gullì Publisher: Springer Science & Business Media ISBN: 1447147278 Category : Business & Economics Languages : en Pages : 124
Book Description
Pollution Under Environmental Regulation in Energy Markets provides a study of environmental regulation when energy markets are imperfectly competitive. This theoretical treatment focuses on three relevant cases of energy markets. First, the residential space heating sector where hybrid regulation such as taxation and emissions trading together are possible. Second, the electricity market where transactions are organized in the form of multi-period auctions. Third, namely natural gas (input) and electricity (output) markets where there is combined imperfect competition in vertical related energy markets. The development of free or low carbon technologies supported by energy policies, aiming at increasing security of supply, is also explored whilst considering competition policies that reduce market power in energy markets thus improving market efficiency. Pollution Under Environmental Regulation in Energy Markets discusses the key issues of whether imperfect competition can lessen the ability of environmental policy to reduce pollution and/or to minimize the cost of meeting environmental targets. Policymakers, analysts and researchers gain a thorough understanding of the performance of environmental policy from Pollution Under Environmental Regulation in Energy Markets leading to better design of simulation models of performance and costs of environmental regulation.
Author: Yihsu Chen Publisher: Springer Nature ISBN: 3030448665 Category : Business & Economics Languages : en Pages : 278
Book Description
This book covers game-theoretic approaches to analyzing policies for environmental regulation in the power sector. The scope includes operational and investment decisions in imperfectly competitive electricity markets as well as transmission planning and policy design. Given this context, this book synthesizes equilibrium and bi-level modeling to address challenging research questions such as: • How are power-plant operations affected by carbon policy, such as cap-and-trade (C&T) systems? • How does market power in electricity generation affect market outcomes and CO2 emissions? • How does a strategic firm with first-mover advantage manipulate both electricity and C&T permit prices? • How does a strategic firm with first-mover advantage invest in new generation capacity under a C&T system? • How does sustainable transmission planning adapt to an imperfectly competitive power sector? • How should a renewable portfolio standard (RPS) target be revised in an imperfectly competitive power sector? This book includes plenty of illustrative examples to facilitate the concepts’ comprehension. It is intended to make equilibrium and bi-level models adapted for policy assessment accessible to graduate students, academic researchers, industry practitioners, and policy analysts.
Author: Douglas Christopher Mitarotonda Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The reliable supply of electricity over an electrical network is essential for modern societies. The electrical network is a complex grid connecting electric generation units, or generators, with the consumers who use the energy to meet their daily needs. In order to successfully provide electric energy to consumers each day, certain regulations are implemented by the regional dispatcher of electricity to ensure its uninterrupted delivery even if a mild contingency occurs. Unlike the electric energy consumed by each individual consumer, which is a private good because consumers use and pay for exactly what they use, the electric reliability supplied over the network is a public good. This is because all consumers in a region receive the same level of electric reliability, no matter how much electricity is individually consumed. While the reliable supply of electricity is crucial, there is also serious concern about the negative environmental impacts of the air pollution created by these generators. Depending on the type of air pollutant, it can have either a uniform or localized impact, called global or criteria pollutants, respectively. Though global and criteria pollutants impact the environment differently, both have properties of public goods because all consumers in the region affected by the pollutant receive the same level of air pollution, no matter how much electricity is individually consumed. Further complicating the layering of environmental regulation on top of electric reliability regulation is that the path of electricity over the network, the dispersion of global pollutants through the air, and the dispersion of criteria pollutants through the air generally differ. In order to explore the interactions of electric reliability and environmental regulation, both a theoretical and numerical simulation framework is built. The main exploration of the theoretical model is to compare, while considering electric reliability and environmental pollution, the social welfare maximizing solution to the competitive market solution. This is done to determine if competitive markets for electricity and either global or criteria air pollutants can achieve the socially optimal solution. In addition to the theoretical analysis, numerical simulations of a highly simplified electricity network and airshed for Northeastern North America are built. The model is exercised under varying combinations of variables in order to test the practical significance of the theoretical results. The adjustment of the model variables allows for meaningful research in two primary areas. The first area is understanding the policy impacts of environmental regulation, such as the Regional Greenhouse Gas Initiative (RGGI), when faced with various constraints on the electric grid, such as a required reserve margin. The second area is to study varying methodological practices for modeling the electric grid by comparing alternating current (AC) and direct current (DC) simulation results and the effect of their different estimates of line constraints based upon both thermal load and voltage level. The results of the theoretical analysis lead to the conclusion that after assuming a central planner has set variables surrounding the transmission grid, complicating interdependencies in markets for criteria pollutants make achieving the socially optimal solution unlikely. Markets for global pollutants can more easily achieve the socially optimal solution due to the lack of these interdependencies. The numerical simulations demonstrate a major issue that can arise in attempts to regulate air pollution on a regional basis in a policy such as the RGGI. "Leakage" occurs when the cost of generating electricity to pollution emitting generators in the regions where air pollution regulation applies is increased, inducing larger imports of electricity from external unregulated regions that do not face the same emission cost. The resulting outcome may diminish the effectiveness of the regulation in reducing pollution or, in the worst case, increase total emissions. The outcome of the simulations shows that leakage is a major concern for the RGGI's ability to reduce net emissions. The numerical simulations also demonstrate that the outcomes critically depend on the methodology used in solving the system. Both a DC approximation of the actual AC system (flows are modeled by linear equations in a DC network) and the more realistic non-linear AC network that includes constraints on voltage levels (a public good that in reality must be kept within bounds) are modeled. In addition, the electric transmission power constraints are relaxed to examine their importance. The difference in complexity between AC modeling and DC modeling as well as transmission constraints become especially important when the network is operated at high prices for the regulated air pollutants, causing significant changes to the mix of the fuel type used by dispatched generators.
Author: Ignacio J. Pérez-Arriaga
Author: Ignacio J. Pérez-Arriaga
Author: United States. Office of Science and Technology. Energy Policy Staff
Author: Myunghun Lee
Author: Charles E. Clark
Author: Thomas O. McGarity
Author: Olav Hohmeyer
Author: Francesco Gullì
Author: Yihsu Chen
Author: Ronald E. Hester
Author: Douglas Christopher Mitarotonda