Download or read book Electric Power Industry in Nontechnical Language written by Denise Warkentin-Glenn and published by PennWell Books. This book was released on 1998 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric power industry is undergoing the greatest transformation in its 100-year history. In readable, concise fashion, author Denise Warkentin explains how the electric industry works and what changes are in store. After briefly tracing the history of the industry, she details how different segments are structured and work together. Investor-owned, consumer-owned, and government-owned utilities are explained, as are rural cooperatives and independent power producers. Other issues addressed include deregulation, the emergence of energy marketers, and the impact of ongoing mergers, acquisitions, and consolidations.
Download or read book Uncertainty in the Electric Power Industry written by Christoph Weber and published by Springer Science & Business Media. This book was released on 2006-01-06 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Around the world, liberalization and privatization in the electricity industry have lead to increased competition among utilities. At the same time, utilities are now exposed more than ever to risk and uncertainties, which they cannot pass on to their customers through price increases as in a regulated environment. Especially electricity-generating companies have to face volatile wholesale prices, fuel price uncertainty, limited long-term hedging possibilities and huge, to a large extent, sunk investments. In this context, Uncertainty in the Electric Power Industry: Methods and Models for Decision Support aims at an integrative view on the decision problems that power companies have to tackle. It systematically examines the uncertainties power companies are facing and develops models to describe them - including an innovative approach combining fundamental and finance models for price modeling. The optimization of generation and trading portfolios under uncertainty is discussed with particular focus on CHP and is linked to risk management. Here the concept of integral earnings at risk is developed to provide a theoretically sound combination of value at risk and profit at risk approaches, adapted to real market structures and market liquidity. Also methods for supporting long-term investment decisions are presented: technology assessment based on experience curves and operation simulation for fuel cells and a real options approach with endogenous electricity prices.
Download or read book Regulating Mergers and Acquisitions of U S Electric Utilities Industry Concentration and Corporate Complication written by Scott Hempling and published by Edward Elgar Publishing. This book was released on 2020-10-30 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happens when electric utility monopolies pursue their acquisition interests—undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? Since the mid-1980s, mergers and acquisitions of U.S. electric utilities have halved the number of local, independent utilities. Mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. Written by one of the U.S.’s leading regulatory thinkers, this book combines legal, accounting, economic and financial analysis of the 30-year march of U.S. electricity mergers with insights from the dynamic field of behavioral economics.
Download or read book The Power Brokers written by Jeremiah D. Lambert and published by MIT Press. This book was released on 2015-08-28 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the interplay between government regulation and the private sector has shaped the electric industry, from its nineteenth-century origins to twenty-first-century market restructuring. For more than a century, the interplay between private, investor-owned electric utilities and government regulators has shaped the electric power industry in the United States. Provision of an essential service to largely dependent consumers invited government oversight and ever more sophisticated market intervention. The industry has sought to manage, co-opt, and profit from government regulation. In The Power Brokers, Jeremiah Lambert maps this complex interaction from the late nineteenth century to the present day. Lambert's narrative focuses on seven important industry players: Samuel Insull, the principal industry architect and prime mover; David Lilienthal, chairman of the Tennessee Valley Authority (TVA), who waged a desperate battle for market share; Don Hodel, who presided over the Bonneville Power Administration (BPA) in its failed attempt to launch a multi-plant nuclear power program; Paul Joskow, the MIT economics professor who foresaw a restructured and competitive electric power industry; Enron's Ken Lay, master of political influence and market-rigging; Amory Lovins, a pioneer proponent of sustainable power; and Jim Rogers, head of Duke Energy, a giant coal-fired utility threatened by decarbonization. Lambert tells how Insull built an empire in a regulatory vacuum, and how the government entered the electricity marketplace by making cheap hydropower available through the TVA. He describes the failed overreach of the BPA, the rise of competitive electricity markets, Enron's market manipulation, Lovins's radical vision of a decentralized industry powered by renewables, and Rogers's remarkable effort to influence cap-and-trade legislation. Lambert shows how the power industry has sought to use regulatory change to preserve or secure market dominance and how rogue players have gamed imperfectly restructured electricity markets. Integrating regulation and competition in this industry has proven a difficult experiment.
Download or read book Technology and Transformation in the American Electric Utility Industry written by Richard F. Hirsh and published by Cambridge University Press. This book was released on 2003-11-20 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book illuminates the role of technological stagnation in the decline of the American electric utility industry in the late 1960s and 1970s. Unlike other interpreters of the industry's woes, Professor Hirsh argues that a long and successful history of managing a conventional technology set the stage for the industry's deterioration. After improving steadily for decades, the technology that brought unequalled productivity growth to the industry appeared to stall in the late 1960s, making it impossible to mitigate the economic and regulatory assaults of the 1970s. Unfortunately, most managers did not recognize (or did not want to believe) the severity of the technological problems they faced, and they chose to focus instead on issues (usually financial or public relations) that appeared more manageable. Partly as a result of this lack of attention to technological issues, the industry found itself in the 1980s challenged by the prospects of deregulation and restructuring.
Download or read book Power Structure written by John E. Kwoka Jr. and published by Springer Science & Business Media. This book was released on 2007-08-28 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Power Structure examines the effects on economic performance of several key features of the U.S. electric power industry. Paramount among these are public versus private ownership, vertical integration versus deintegration, and retail competition versus monopoly distribution. Each of these, as well as other structural characteristics of utilities and their markets, are analyzed for their effects on costs and price. These issues are important for a number of reasons. The U.S. electric power industry is presently embarking on a fundamental restructuring in terms of integration and competition. In other countries, privatization of state-owned enterprises is being viewed as the answer to unsatisfactory performance. From a longer perspective, the question of the relative performance of publicly owned versus privately owned utilities in the U.S. has never been resolved. And despite much speculation there is little reliable evidence as to the importance of either vertical integration or competition.
Download or read book The Changing Structure of the Electric Power Industry An Update written by and published by DIANE Publishing. This book was released on with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electric Power Industry written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 1996 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electric Power System Basics for the Nonelectrical Professional written by Steven W. Blume and published by John Wiley & Sons. This book was released on 2016-12-05 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of Steven W. Blume’s bestseller provides a comprehensive treatment of power technology for the non-electrical engineer working in the electric power industry This book aims to give non-electrical professionals a fundamental understanding of large interconnected electrical power systems, better known as the “Power Grid”, with regard to terminology, electrical concepts, design considerations, construction practices, industry standards, control room operations for both normal and emergency conditions, maintenance, consumption, telecommunications and safety. The text begins with an overview of the terminology and basic electrical concepts commonly used in the industry then it examines the generation, transmission and distribution of power. Other topics discussed include energy management, conservation of electrical energy, consumption characteristics and regulatory aspects to help readers understand modern electric power systems. This second edition features: New sections on renewable energy, regulatory changes, new measures to improve system reliability, and smart technologies used in the power grid system Updated practical examples, photographs, drawing, and illustrations to help the reader gain a better understanding of the material “Optional supplementary reading” sections within most chapters to elaborate on certain concepts by providing additional detail or background Electric Power System Basics for the Nonelectrical Professional, Second Edition, gives business professionals in the industry and entry-level engineers a strong introduction to power technology in non-technical terms. Steve W. Blume is Founder of Applied Professional Training, Inc., APT Global, LLC, APT College, LLC and APT Corporate Training Services, LLC, USA. Steve is a registered professional engineer and certified NERC Reliability Coordinator with a Master's degree in Electrical Engineering specializing in power and a Bachelor's degree specializing in Telecommunications. He has more than 25 years’ experience teaching electric power system basics to non-electrical professionals. Steve's engineering and operations experience includes generation, transmission, distribution, and electrical safety. He is an active senior member in IEEE and has published two books in power systems through IEEE and Wiley.
Download or read book Values in the Electric Power Industry written by Kenneth M. Sayre and published by . This book was released on 1977 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Market Operations in Electric Power Systems written by Mohammad Shahidehpour and published by John Wiley & Sons. This book was released on 2003-05-28 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.
Download or read book A Profile of the Electric Power Industry written by Charles E. Clark and published by Business Expert Press. This book was released on 2012-09-18 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Power Brokers written by Jeremiah D. Lambert and published by MIT Press. This book was released on 2016-10-07 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the interplay between government regulation and the private sector has shaped the electric industry, from its nineteenth-century origins to twenty-first-century market restructuring. For more than a century, the interplay between private, investor-owned electric utilities and government regulators has shaped the electric power industry in the United States. Provision of an essential service to largely dependent consumers invited government oversight and ever more sophisticated market intervention. The industry has sought to manage, co-opt, and profit from government regulation. In The Power Brokers, Jeremiah Lambert maps this complex interaction from the late nineteenth century to the present day. Lambert's narrative focuses on seven important industry players: Samuel Insull, the principal industry architect and prime mover; David Lilienthal, chairman of the Tennessee Valley Authority (TVA), who waged a desperate battle for market share; Don Hodel, who presided over the Bonneville Power Administration (BPA) in its failed attempt to launch a multi-plant nuclear power program; Paul Joskow, the MIT economics professor who foresaw a restructured and competitive electric power industry; Enron's Ken Lay, master of political influence and market-rigging; Amory Lovins, a pioneer proponent of sustainable power; and Jim Rogers, head of Duke Energy, a giant coal-fired utility threatened by decarbonization. Lambert tells how Insull built an empire in a regulatory vacuum, and how the government entered the electricity marketplace by making cheap hydropower available through the TVA. He describes the failed overreach of the BPA, the rise of competitive electricity markets, Enron's market manipulation, Lovins's radical vision of a decentralized industry powered by renewables, and Rogers's remarkable effort to influence cap-and-trade legislation. Lambert shows how the power industry has sought to use regulatory change to preserve or secure market dominance and how rogue players have gamed imperfectly restructured electricity markets. Integrating regulation and competition in this industry has proven a difficult experiment.
Download or read book Electric Choices written by Andrew N. Kleit and published by Rowman & Littlefield Publishers. This book was released on 2007 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electricity industry, one of the largest and most vital sectors of the U.S. economy, has changed dramatically in recent years. After being heavily regulated for more than a century by authorities at all levels, deregulation is taking center stage, allowing for enormous efficiency gains. Electric Choices explores the difficult questions surrounding deregulation and urges Americans to continue the transition to a market-based model.
Download or read book Changing Structure of the Electric Power Industry An Update written by Rebecca A. McNerney and published by DIANE Publishing. This book was released on 1998-11 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intended for both lay & technical readers, this report serves as a basic reference tool that provides a comprehensive delineation of the electric power industry & its traditional structure, which has been based on its monopoly status. In addition, it describes the industry's transition to a competitive environment by providing a descriptive analysis of the factors that have contributed to the interest in a competitive market, proposed legislative & regulatory actions, & the steps being taken by the various components of the industry to meet the challenges of adapting to & prevailing in a competitive environment. Figures, tables, historical information.
Download or read book Competition in the Electric Industry written by National Research Council and published by National Academies Press. This book was released on 1996-12-27 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electric Power Planning for Regulated and Deregulated Markets written by Arthur Mazer and published by John Wiley & Sons. This book was released on 2007-06-11 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the industry environment transforms from a completely regulated setting to a broader, deregulated marketplace, new market participants must understand planning and operations of power systems to effectively participate in markets. This industry overview provides a description of utility operations and traditional planning, and then explains asset management, investment analysis, and risk management within the context of a market environment. Written to provide a broad, working knowledge of the industry, Electric Power Planning for Regulated and Deregulated Markets: Includes descriptions of generation and transmission network equipment Provides an overview of the regulatory framework, system design and systems operations for ensuring reliable delivery of power Presents system planning across different time horizons with the objective of minimizing power production costs Explains the principles and architecture of a market environment coupling operational imperatives with financial transactions Addresses approaches of various participants, including power producers, retailers, and integrated energy companies toward bidding in day ahead markets, managing risks in forward markets, portfolio development and investment analysis Provides numerous examples addressing cost minimization, price forecasting, contract valuation, portfolio risk measurement and others Examines past news events and explains what went wrong at Three Mile Island, the Northeast blackout of 2003, and the California energy crisis This is an ideal reference for professionals in the public and private power service sectors such as engineers, lawyers, systems specialists, economists, financial analysts, policy analysts, and applied mathematicians.
