Download or read book Economics of Electricity written by Anna Cretì and published by Cambridge University Press. This book was released on 2019-05-30 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.
Download or read book Imperfect Markets and Imperfect Regulation written by Thomas-Olivier Leautier and published by MIT Press. This book was released on 2019-03-19 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first textbook to present a comprehensive and detailed economic analysis of electricity markets, analyzing the tensions between microeconomics and political economy. The power industry is essential in our fight against climate change. This book is the first to examine in detail the microeconomics underlying power markets, stemming from peak-load pricing, by which prices are low when the installed generation capacity exceeds demand but can rise a hundred times higher when demand is equal to installed capacity. The outcome of peak-load pricing is often difficult to accept politically, and the book explores the tensions between microeconomics and political economy. Understanding peak-load pricing and its implications is essential for designing robust policies and making sound investment decisions. Thomas-Olivier Léautier presents the model in its simplest form, and introduces additional features as different issues are presented. The book covers all segments of electricity markets: electricity generation, under perfect and imperfect competition; retail competition and demand response; transmission pricing, transmission congestion management, and transmission constraints; and the current policy issues arising from the entry of renewables into the market and capacity mechanisms. Combining anecdotes and analysis of real situations with rigorous analytical modeling, each chapter analyzes one specific issue, first presenting findings in nontechnical terms accessible to policy practitioners and graduate students in management or public policy and then presenting a more mathematical analytical exposition for students and researchers specializing in the economics of electricity markets and for those who want to understand and apply the underlying models.
Download or read book Electricity Markets written by Sayyad Nojavan and published by Springer Nature. This book was released on 2020-03-10 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes new electricity pricing models that consider uncertainties in the power market due to the changing behavior of market players and the implementation of renewable distributed generation and responsive loads. In-depth chapters examine the different types of market players including the generation, transmission, and distribution companies, virtual power plants, demand response aggregators, and energy hubs and microgrids. Expert authors propose optimal operational models for short-term performance and scheduling and present readers with solutions for pricing challenges in uncertain environments. This book is useful for engineers, researchers and students involved in integrating demand response programs into smart grids and for electricity market operation and planning. Proposes optimal operation models; Discusses the various players in today's electricity markets; Describes the effects of demand response programs in smart grids.
Download or read book Electricity Auctions written by Luiz Maurer and published by World Bank Publications. This book was released on 2011-07-25 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity-contract auctions have been getting increased attention as they have emerged as a successful mechanism to procure new generation capacity and. This book presents a comprehensive overview of international experiences in auction design and implementation.
Download or read book Handbook of Networks in Power Systems I written by Alexey Sorokin and published by Springer Science & Business Media. This book was released on 2012-02-29 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy has been an inevitable component of human lives for decades. Recent rapid developments in the area require analyzing energy systems not as independent components but rather as connected interdependent networks. The Handbook of Networks in Power Systems includes the state-of-the-art developments that occurred in the power systems networks, in particular gas, electricity, liquid fuels, freight networks, as well as their interactions. The book is separated into two volumes with three sections, where one scientific paper or more are included to cover most important areas of networks in power systems. The first volume covers topics arising in electricity network, in particular electricity markets, smart grid, network expansion, as well as risk management. The second volume presents problems arising in gas networks; such as scheduling and planning of natural gas systems, pricing, as well as optimal location of gas supply units. In addition, the second volume covers the topics of interactions between energy networks. Each subject is identified following the activity on the domain and the recognition of each subject as an area of research. The scientific papers are authored by world specialists on the domain and present either state-of-the-arts reviews or scientific developments.
Download or read book Putting Auction Theory to Work written by Paul Milgrom and published by Cambridge University Press. This book was released on 2004-01-12 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.
Download or read book Energy Research at the Cutting Edge written by John R. Blackwood and published by Nova Publishers. This book was released on 2002 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy fuels modern society, though it is often taken for granted. The issues surrounding energy supply of paramount importance to governments the world over. While calls for 'clean' energy technologies are rampant and loud, conventional sources like coal and oil remain the most feasible. However, research continues to plough ahead to find better and more efficient ways to keep the demand for energy met. Nuclear power is a perennially controversial but enticing possibility, although many nations seek to phase-out nuclear power, citing safety and environmental concerns. The energy industry and production is a major economic component in any country, so all energy and electricity issues hold sway over us all. This book brings together an important selection of studies focusing on the energy industry, its current state and future. Included are looks at nuclear power and economic policies to influence the electric industry. This current research combines for a needed resource in the study of energy.
Download or read book Electric Power System Applications of Optimization written by James A. Momoh and published by CRC Press. This book was released on 2017-12-19 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the demand for energy continues to grow, optimization has risen to the forefront of power engineering research and development. Continuing in the bestselling tradition of the first edition, Electric Power System Applications of Optimization, Second Edition presents the theoretical background of optimization from a practical power system point of view, exploring advanced techniques, new directions, and continuous application problems. The book provides both the analytical formulation of optimization and various algorithmic issues that arise in the application of various methods in power system planning and operation. The second edition adds new functions involving market programs, pricing, reliability, and advances in intelligent systems with implemented algorithms and illustrative examples. It describes recent developments in the field of Adaptive Critics Design and practical applications of approximate dynamic programming. To round out the coverage, the final chapter combines fundamental theories and theorems from functional optimization, optimal control, and dynamic programming to explain new Adaptive Dynamic Programming concepts and variants. With its one-of-a-kind integration of cornerstone optimization principles with application examples, this second edition propels power engineers to new discoveries in providing optimal supplies of energy.
Download or read book A Primer on Auction Design Management and Strategy written by David J. Salant and published by MIT Press. This book was released on 2014-12-26 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to modeling and analyzing auctions, with the applications of game theory and auction theory to real-world auction decision making. Auctions are highly structured market transactions primarily used in thin markets (markets with few participants and infrequent transactions). In auctions, unlike most other markets, offers and counteroffers are typically made within a structure defined by a set of rigid and comprehensive rules. Because auctions are essentially complex negotiations that occur within a fully defined and rigid set of rules, they can be analyzed by game theoretic models more accurately and completely than can most other types of market transactions. This book offers a guide for modeling, analyzing, and predicting the outcomes of auctions, focusing on the application of game theory and auction theory to real-world auction design and decision making. After a brief introduction to fundamental concepts from game theory, the book explains some of the more significant results from the auction theory literature, including the revenue (or payoff) equivalence theorem, the winner's curse, and optimal auction design. Chapters on auction practice follow, addressing collusion, competition, information disclosure, and other basic principles of auction management, with some discussion of auction experiments and simulations. Finally, the book covers auction experience, with most of the discussion centered on energy and telecommunications auctions, which have become the proving ground for many new auction designs. A clear and concise introduction to auctions, auction design, and auction strategy, this Primer will be an essential resource for students, researchers, and practitioners.
Download or read book Handbook of Energy Economics and Policy written by Alessandro Rubino and published by Elsevier. This book was released on 2021-05-10 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Energy Economics and Policy: Fundamentals and Applications for Engineers and Energy Planners presents energy engineers and managers with analytical skills and concepts that enable them to apply simple economic logic to understand the interrelations between energy technologies, economics, regulation and governance of the industry. Sections cover the origins, types and measurement of energy sources, transportation networks, and regulatory and policy issues on electricity and gas at a global level, new economic and policy issues, including innovation processes in the energy industry and economic and policy implications. Final sections cover state-of-the-art methods for modeling and predicting the dynamics of energy systems. Its unique approach and learning path makes this book an ideal resource for energy engineering practitioners and researchers working to design, develop, plan or deploy energy systems. Energy planners and policymakers will also find this to be a solid foundation on which to base decisions. Presents key-concepts and their interrelation with energy technologies and systems in a clear way for ready application during planning and deployment of energy technologies and systems Includes global case studies covering a wide array of energy sources and regulatory models Explores methodologies for modeling and forecasting the impacts of energy technologies and systems, as well as their costs and possible business models
Download or read book Design and Analysis of Electricity Markets written by Ramteen Mehr Sioshansi and published by . This book was released on 2007 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Blockchain ICBC 2022 written by Shiping Chen and published by Springer Nature. This book was released on 2022-12-24 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the proceedings of the 5th International Conference on Blockchain, ICBC 2022, held as part of the Services Conference Federation, SCF 2022, held in Honolulu, HI, USA, in December 2022. The 8 full papers and 1 short paper presented in this volume were carefully reviewed and selected from 22 submissions. The International Conference on Blockchain (ICBC) aims to provide an international forum for both researchers and industry practitioners to exchange the latest fundamental advances in the state-of-the-art technologies and best practices of blockchain, as well as emerging standards and research topics which would define the future of blockchain.
Download or read book Putting Auction Theory to Work written by Paul Robert Milgrom and published by Cambridge University Press. This book was released on 2004-01-12 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of contents
Download or read book Economics of Art Auctions written by Gianfranco Mossetto and published by FrancoAngeli. This book was released on 2002 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Networks Crowds and Markets written by David Easley and published by Cambridge University Press. This book was released on 2010-07-19 with total page 745 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are all film stars linked to Kevin Bacon? Why do the stock markets rise and fall sharply on the strength of a vague rumour? How does gossip spread so quickly? Are we all related through six degrees of separation? There is a growing awareness of the complex networks that pervade modern society. We see them in the rapid growth of the internet, the ease of global communication, the swift spread of news and information, and in the way epidemics and financial crises develop with startling speed and intensity. This introductory book on the new science of networks takes an interdisciplinary approach, using economics, sociology, computing, information science and applied mathematics to address fundamental questions about the links that connect us, and the ways that our decisions can have consequences for others.
Download or read book Electricity Markets written by Chris Harris and published by John Wiley & Sons. This book was released on 2011-01-31 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understand the electricity market, its policies and how they drive prices, emissions, and security, with this comprehensive cross-disciplinary book. Author Chris Harris includes technical and quantitative arguments so you can confidently construct pricing models based on the various fluctuations that occur. Whether you?re a trader or an analyst, this book will enable you to make informed decisions about this volatile industry.
Download or read book Auctions in the Electricity Market written by Stefan Schöne and published by Springer Science & Business Media. This book was released on 2009-01-06 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
