Description
Book SynopsisWith world electricity demand expected to double by 2030, the power sector has a pivotal role to play in meeting that growth. While for some countries the drive towards decarbonisation and diversification of the energy supply mix presents new challenges in meeting the increased demand, others are pressing ahead with conventional fossil-fuel based generation as a cheaper means of meeting the rapid expansion of their economies. Power: A Practical Handbook is aimed at anyone looking for a single source to understand the key issues relevant to the power sector, with an emphasis on the practical application of those issues in the real world. It offers a guide to understanding the commercial, economic and legal principles that underpin the sector. Topics covered include significant energy policies in recent years; an explanation of industry structures and legal frameworks; economic perspectives on market liberalisation and the regulation of monopoly power networks; a look at conventional and renewables generation technologies and the issues arising therefrom; and energy storage, smart meters and smart grids.The book also covers power project development, discussing financing issues, construction, operation and maintenance, fuel supply, power offtake arrangements, electricity trading and environmental issues. Edited by Danielle Beggs and Rajan Phakey, energy lawyers at international law firm SNR Denton LLP, the book includes contributions by leading experts from energy utilities, project developers, lawyers, economists, academics and financiers.
Table of ContentsPreface Foreword Danielle Beggs Rajan Phakey SNR Denton Part I: Introduction Power industries: structures and legal frameworks Catherine Mitchell Bridget Woodman University of Exeter Part II: Industry structures and regulation Power industries: structures and legal frameworks Munir Hassan CMS Cameron McKenna Market liberalisation - an economic perspective Nick Elms Frontier Economics Part III: Technologies and issues arising from them Nuclear SNR Denton Conventional power plants: technical and commercial issues Established renewables technologies: technical and commercial issues Thomas Leonard DNV KEMA Emerging renewables technologies (technical and commercial issues) Nick Kelly Sindicatum Energy storage Part IV: Developing power projects Issues for financiers Nicholas Sinden Siobhan Smyth HSBC Construction of power projects John Woolley SNR Denton Operation and maintenance arrangements Nicholas Hilder Ashurst LLP Environmental issues Angus Evers SJ Berwin Part V: Fuel supply, offtake and trading arrangements Fuel and supply arrangements Power offtake arrangements Danielle Beggs Rajan Phakey SNR Denton Electricity trading Rajan Phakey SNR Denton Neil Schofield Financial Markets Training Part VI: Electricity networks - a broader perspective The economic regulation of monopoly infrastructure Phil Burns Frontier Economics Smart metering Simon Harrison Engage Consulting Smart grids Thomas Leonard John Scott Frits Verjeij DNV KEMA
