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Author: Martha M. Roggenkamp Publisher: Intersentia nv ISBN: 9050953174 Category : Electric power distribution Languages : en Pages : 338
Book Description
The liberalisation of the electricity sector has changed the way in which electricity is traded. De facto or legal vertical monopolies are gradually abandoned and new participants have entered the market. At the wholesale level, one of the important developments is the establishment of organised electricity markets, i.e. electricity power exchanges. This book analyses the role and evaluates the impact of these new organised markets, which until now received little attention. The introduction provides an overview of the developments on EC level as this creates the legal environment within which power exchanges operate. The implementation of the EC Electricity Directive has inter alia resulted in a commodization of electricity trading. Thereupon the development of power pools and electricity exchanges is discussed as well as the products which can be traded. Subsequently, the development of the most important national and/or regional exchanges in Europe will be examined. National experts will analyse the role of power exchanges in the Nordic countries, the United Kingdom, the Netherlands, Germany, France, Austria, Spain and Italy. The authors analyse the most important developments in their jurisdictions according to a fixed outline (e.g. implementation of the EC Electricity Directive, market structure, emergence and functioning of the organised market, products traded and the impact of cross-border trade) which allows for a comparative analysis and facilitates understanding. Finally, some conclusions with regard to the establishment of a single electricity market will be presented as well as some future developments.
Author: Martha M. Roggenkamp Publisher: Intersentia nv ISBN: 9050953174 Category : Electric power distribution Languages : en Pages : 338
Book Description
The liberalisation of the electricity sector has changed the way in which electricity is traded. De facto or legal vertical monopolies are gradually abandoned and new participants have entered the market. At the wholesale level, one of the important developments is the establishment of organised electricity markets, i.e. electricity power exchanges. This book analyses the role and evaluates the impact of these new organised markets, which until now received little attention. The introduction provides an overview of the developments on EC level as this creates the legal environment within which power exchanges operate. The implementation of the EC Electricity Directive has inter alia resulted in a commodization of electricity trading. Thereupon the development of power pools and electricity exchanges is discussed as well as the products which can be traded. Subsequently, the development of the most important national and/or regional exchanges in Europe will be examined. National experts will analyse the role of power exchanges in the Nordic countries, the United Kingdom, the Netherlands, Germany, France, Austria, Spain and Italy. The authors analyse the most important developments in their jurisdictions according to a fixed outline (e.g. implementation of the EC Electricity Directive, market structure, emergence and functioning of the organised market, products traded and the impact of cross-border trade) which allows for a comparative analysis and facilitates understanding. Finally, some conclusions with regard to the establishment of a single electricity market will be presented as well as some future developments.
Author: Leonardo Meeus Publisher: Edward Elgar Publishing ISBN: 1789905478 Category : Business & Economics Languages : en Pages : 192
Book Description
Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.
Author: Larry Harris Publisher: OUP USA ISBN: 9780195144703 Category : Business & Economics Languages : en Pages : 664
Book Description
Focusing on market microstructure, Harris (chief economist, U.S. Securities and Exchange Commission) introduces the practices and regulations governing stock trading markets. Writing to be understandable to the lay reader, he examines the structure of trading, puts forward an economic theory of trading, discusses speculative trading strategies, explores liquidity and volatility, and considers the evaluation of trader performance. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).
Author: Maria Vagliasindi Publisher: World Bank Publications ISBN: 0821395564 Category : Business & Economics Languages : en Pages : 394
Book Description
The current distribution of power markets around intermediate structures that fall between the two extremes of full integration and unbundling suggests that there has not been a linear path to power market structure reform. Rather, many developing countries may retain intermediate structures into the foreseeable future. This possibility exposes a gap in the understanding of power market structures, since most theoretical work has focused on the two extreme possibilities and there is limited evidence of the impact of unbundling for developing countries. Power Market Structure takes a novel analytical approach to modeling market structure, together with ownership and regulation, in determining performance across several indicators, including access, operational and financial performance, and environmental sustainability. Its conclusions--which will be of particular interest to policy makers, academics, and development practitioners--reflect evidence drawn from statistical analysis and a representative sample of 20 case studies, selected based on initial conditions such as income and power system size. The key result of the analysis is that unbundling delivers results when used as an entry point to implementing broader reforms, particularly introducing a sound regulatory framework, and reducing the degree of concentration of the generation and distribution segments of the market by attracting additional public and private players and greater private sector participation. In addition, there seems to be a credible empirical basis for selecting a threshold power system size and per capita income level below which unbundling of the power supply chain is not expected to be worthwhile. Partial forms of vertical unbundling do not appear to drive improvements. The most likely reason is that the owner was able to continue exercising control over the affairs of the sector and hinder the development of competitive pressure within the power market.
Author: Thomas Hammons Publisher: BoD – Books on Demand ISBN: 9533071559 Category : Technology & Engineering Languages : en Pages : 838
Book Description
This book discusses trends in the energy industries of emerging economies in all continents. It provides the forum for dissemination and exchange of scientific and engineering information on the theoretical generic and applied areas of scientific and engineering knowledge relating to electrical power infrastructure in the global marketplace. It is a timely reference to modern deregulated energy infrastructure: challenges of restructuring electricity markets in emerging economies. The topics deal with nuclear and hydropower worldwide; biomass; energy potential of the oceans; geothermal energy; reliability; wind power; integrating renewable and dispersed electricity into the grid; electricity markets in Africa, Asia, China, Europe, India, Russia, and in South America. In addition the merits of GHG programs and markets on the electrical power industry, market mechanisms and supply adequacy in hydro-dominated countries in Latin America, energy issues under deregulated environments (including insurance issues) and the African Union and new partnerships for Africa's development is considered.
Author: Marta Cantero Gamito Publisher: Edward Elgar Publishing ISBN: 1788118413 Category : Law Languages : en Pages : 347
Book Description
This book explores questions of transnational private legal theory in the context of the external dimension of EU private law. The interaction between existing theories of transnational ordering and the external reach of European Regulatory Private Law is articulated through examination of what are found to be the three major proxies of transnational private ordering: private contracts, standards and codes.
Author: Stefan Schöne Publisher: Springer Science & Business Media ISBN: 3540853650 Category : Business & Economics Languages : en Pages : 230
Book Description
Electricity is an essential commodity traded at power exchanges. Its price is very volatile within a day and over the year. This raises questions about the efficiency of the trading rules. The author develops a non-cooperative auction model analyzing the bidding behavior of producers at power exchanges. Producers are limited by the production capacity of their power plants. Production costs are affiliated. This allows for independence or positive correlation. The author analyzes and compares a uniform-price, a discriminatory, and a generalized second-price auction. Optimal bids, cost efficiency, profits, and consumer prices are examined. A simple probability density function of affiliated production costs is given and used for examples. Numerical results are presented. The results of the analysis can help improving the bidding strategies of producers, selecting the best auction type at power exchanges or detecting price manipulations.
Author: Oliver D. Doleski Publisher: Walter de Gruyter GmbH & Co KG ISBN: 3111264270 Category : Science Languages : en Pages : 1028
Book Description
Bridging the technical and the economical worlds of the energy sector and establishing a solid understanding of today's energy supply as a complex system– with these missions in mind, the book at hand compactly describes the fundamentals of electrical power supply in a dialogue between technology and non-technology, between academia and practitioners, and between nations and continents. Today, energy supply is a complex global system – it is time for a dialogue of the disciplines. In this book, experts explain in an understandable manner the technical foundations and selected specific aspects of today's electrical power supply. Each chapter supplies a fundamental introduction in layman's terms to the topic and serves technical specialists both as a reference and as an opportunity to expand their knowledge. Practical examples and case studies complete the compendium. Technology and economics in the energy sector work on the same questions out of different perspectives. The increasing complexity and interconnections and the epochal upheavals in the energy sector make a comprehensive understanding of the energy sector as a system an essential requirement. This necessitates an ongoing and successful dialogue between the disciplines and between academia and practitioners. To that aim, this book serves both as a compact reference for everyone interested in the energy sector and as a true translation aid between the professional disciplines.
Author: Devika Jay Publisher: Springer Nature ISBN: 9819969522 Category : Technology & Engineering Languages : en Pages : 136
Book Description
This book provides a framework suitable for the design and analysis of market mechanisms suitable for reactive power ancillary service. The book focuses on the formulation of market mechanisms capable of handling the localized nature of reactive power. The book presents tools and methodologies to design a suitable market structure capable of handling the technical challenges associated with the reactive power market like localized nature or reactive power, voltage support requirement, reactive power reserve requirement, and coupling between active reactive power markets. The book also presents techniques suitable for analyzing the market efficiency of different market mechanisms for reactive power ancillary service. The key topics discussed in this book include the relevance and challenges of reactive power ancillary service; the design of market mechanisms; network partitioning techniques to handle the localized nature of reactive power; and analysis of market mechanisms for market efficiency. This book is helpful for researchers and graduate students to know about recent advances in this area. Practitioners find the book helpful for understanding how technological advances can be put into practice and learning from case studies that bring out practical challenges.
Author: Pandian Vasant Publisher: Springer Nature ISBN: 3031503309 Category : Technology & Engineering Languages : en Pages : 378
Book Description
This book of Springer Nature is another proof of Springer’s outstanding greatness on the lively interface of Holistic Computational Optimization, Green IoTs, Smart Modeling, and Deep Learning! It is a masterpiece of what our community of academics and experts can provide when an interconnected approach of joint, mutual, and meta-learning is supported by advanced operational research and experience of the World-Leader Springer Nature! The 6th edition of International Conference on Intelligent Computing and Optimization took place at G Hua Hin Resort & Mall on April 27–28, 2023, with tremendous support from the global research scholars across the planet. Objective is to celebrate “Research Novelty with Compassion and Wisdom” with researchers, scholars, experts, and investigators in Intelligent Computing and Optimization across the globe, to share knowledge, experience, and innovation—a marvelous opportunity for discourse and mutuality by novel research, invention, and creativity. This proceedings book of the 6th ICO’2023 is published by Springer Nature—Quality Label of Enlightenment.
Author: Martha M. Roggenkamp
Author: Martha M. Roggenkamp
Author: Leonardo Meeus
Author: Larry Harris
Author: Maria Vagliasindi
Author: Thomas Hammons
Author: Marta Cantero Gamito
Author: Stefan Schöne
Author: Oliver D. Doleski
Author: Devika Jay
Author: Pandian Vasant