Authors: Barrie Murray, Dr Barrie Murray
ISBN-13: 9780471985075, ISBN-10: 0471985074
Format: Hardcover
Publisher: Wiley, John & Sons, Incorporated
Date Published: January 1999
Edition: (Non-applicable)
The impact of deregulation on the theory and practice of investment appraisal is addressed in this comprehensive treatment of the restructuring of the electricity supply industry. Demonstrating that the classical approach to generation investment appraisal is no longer valid, a new approach is developed using three economic models to represent differing market conditions. Highlighting the impact on the organisation of the utilities and their suppliers, Electricity Markets offers essential advice for survival in the deregulated environment worldwide. Features include:
This timely book will enlighten a broad audience ranging from utility managers and suppliers involved in deregulation to consultants and academics concerned with managing change.
Preface | ||
Symbols | ||
Pt. 1 | A Review of Market Structures and Mechanisms | 1 |
Ch. 1 | Introduction | 3 |
Ch. 2 | Alternative Market Structures | 11 |
Ch. 3 | Market Mechanisms | 21 |
Ch. 4 | Markets in Operation | 33 |
Ch. 5 | Market Modelling | 47 |
Ch. 6 | SMP Theory and Optimal Plant Mix | 57 |
Ch. 7 | LOLP Theory and Optimal Margin | 65 |
Ch. 8 | Idealised Tariffs | 73 |
Ch. 9 | Review of Market Shortcomings | 83 |
Ch. 10 | A Medium-term Market based on Lagrangian Relaxation | 89 |
Pt. 2 | Generation Investment Appraisal | 99 |
Ch. 11 | Basic Principles | 101 |
Ch. 12 | Predicting SMP and Income | 107 |
Ch. 13 | Market Share and Appraisal Process | 121 |
Ch. 14 | Predicting Multiple Company Interaction | 133 |
Pt. 3 | Transmission Investment Appraisal | 143 |
Ch. 15 | Review of International Structures | 145 |
Ch. 16 | Cost Apportionment and Benefit | 153 |
Ch. 17 | Interconnection Evaluation | 163 |
Ch. 18 | Managing Constraints | 173 |
Ch. 19 | Optimal Investment and Outage Planning | 183 |
Pt. 4 | The Impact on Utility Operations | 193 |
Ch. 20 | Impact on System Operation | 195 |
Ch. 21 | Impact on System Development | 203 |
Ch. 22 | The Commercial Infrastructure | 209 |
Ch. 23 | The IT/Communications Infrastructure | 215 |
Pt. 5 | The Changing Market for Facility Providers | 221 |
Ch. 24 | New Businesses and Drivers | 223 |
Ch. 25 | Primary Plant for Generation, Transmission and Distribution | 229 |
Ch. 26 | IT Metering and Telecommunications | 239 |
Pt. 6 | The Market and the Future | 247 |
Ch. 27 | The Role and Effect of Regulation | 249 |
Ch. 28 | Conclusions | 255 |
Ch. 29 | The Future | 261 |
Select Bibliography | 267 | |
Glossary | 271 | |
Index | 273 |