{"product_id":"power-markets-and-economics-9780470779668","title":"Power Markets and Economics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIt is now almost twenty years since liberalisation and the introduction of competition was proposed for electricity utilities. Some form of restructuring has been widely adopted around the world to suit local objectives. The industry now faces new challenges associated with global warming, rising prices and escalating energy demand from developing countries like China and India. The industry will have to cope with; managing emissions; managing variable energy sources like wind, dev eloping clean coal technology; accommodating distributed generation and new nuclear stations and managing the impact of these developments on the distribution and transmission networks. It is now necessary to consider how the various market structures that were adopted have performed and how they will address some of these new issues and what further changes might be necessary.  \u003cp\u003eThis volume presents an all-inclusive analysis of the electricity market structures that have been adopted around the world and \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e?This is a remarkable book which provides essential data for any informed discussion of this vital problem that is so often dominated by ill-informed debate.? (\u003ci\u003eOxford Prospect\u003c\/i\u003e, August 2009)  \u003c\/p\u003e\u003cp\u003e\"Murray's overview of the link between engineering and economics in the energy sector provides a timely look at the big challenge for the global power industry.... [It] provides a sound bases for anyone involved in the wider debate on how the market should be shaped.\" (\u003ci\u003eEngineering and Technology\u003c\/i\u003e, May 2009)\u003c\/p\u003e \u003cp\u003e \"Murray's overview of the link between engineering and economics in the energy sector provides a timely look at the big challenge for the global power industry ? .[It] provides a sound bases for anyone involved in the wider debate on how the market should be shaped.\" \u003ci\u003e(Engineering and Technology\u003c\/i\u003e, May 2009)\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eContents  \u003cp\u003eForeword\u003c\/p\u003e \u003cp\u003ePreface\u003c\/p\u003e \u003cp\u003ePart One Industry Infrastructure\u003c\/p\u003e \u003cp\u003eChapter 1 Approach to Restructuring\u003c\/p\u003e \u003cp\u003e1.1 Introduction\u003c\/p\u003e \u003cp\u003e1.2 Industry Physical Structure\u003c\/p\u003e \u003cp\u003e1.3 Introduction of Competition\u003c\/p\u003e \u003cp\u003e1.4 Restructuring Options\u003c\/p\u003e \u003cp\u003e1.5 Comparison of Structures\u003c\/p\u003e \u003cp\u003e1.6 Summary\u003c\/p\u003e \u003cp\u003eChapter 2 Market Mechanisms\u003c\/p\u003e \u003cp\u003e2.1 Introduction\u003c\/p\u003e \u003cp\u003e2.2 Market Participants\u003c\/p\u003e \u003cp\u003e2.3 Market Mechanisms\u003c\/p\u003e \u003cp\u003e2.4 Market Implementation\u003c\/p\u003e \u003cp\u003e2.5 Price Analysis\u003c\/p\u003e \u003cp\u003e2.6 Summary\u003c\/p\u003e \u003cp\u003ePart Two The Cost Chain\u003c\/p\u003e \u003cp\u003eChapter 3 Basic Generation Energy Costs\u003c\/p\u003e \u003cp\u003e3.1 Introduction\u003c\/p\u003e \u003cp\u003e3.2 Cost Components\u003c\/p\u003e \u003cp\u003e3.3 Practical Operating Efficiencies\u003c\/p\u003e \u003cp\u003e3.4 Impact of Utilisation on Costs\u003c\/p\u003e \u003cp\u003e3.5 Comparison of Generation Costs\u003c\/p\u003e \u003cp\u003e3.6 International Comparisons\u003c\/p\u003e \u003cp\u003e3.7 Summary\u003c\/p\u003e \u003cp\u003eChapter 4 Alternative Energy Sources\u003c\/p\u003e \u003cp\u003e4.1 Introduction\u003c\/p\u003e \u003cp\u003e4.2 Competing Sources\u003c\/p\u003e \u003cp\u003e4.3 Current Production Europe\u003c\/p\u003e \u003cp\u003e4.4 Incentive Schemes\u003c\/p\u003e \u003cp\u003e4.5 Market Pricing\u003c\/p\u003e \u003cp\u003e4.6 The Economics of Alternative Sources\u003c\/p\u003e \u003cp\u003e4.7 Comparisons\u003c\/p\u003e \u003cp\u003e4.8 Summary\u003c\/p\u003e \u003cp\u003eChapter 5 Emissions\u003c\/p\u003e \u003cp\u003e5.1 Introduction\u003c\/p\u003e \u003cp\u003e5.2 Emission Trading Schemes (ETS)\u003c\/p\u003e \u003cp\u003e5.3 Large Combustion Plant Directive (LCPD)\u003c\/p\u003e \u003cp\u003e5.4 Generation CO2 Emissions\u003c\/p\u003e \u003cp\u003e5.5 Production Costs\u003c\/p\u003e \u003cp\u003e5.6 National Allocation Plans\u003c\/p\u003e \u003cp\u003e5.7 Market Operation\u003c\/p\u003e \u003cp\u003e5.8 Impact of Capacity Mix\u003c\/p\u003e \u003cp\u003e5.9 International Approach\u003c\/p\u003e \u003cp\u003e5.10 Summary\u003c\/p\u003e \u003cp\u003eChapter 6 Transmission\u003c\/p\u003e \u003cp\u003e6.1 Introduction\u003c\/p\u003e \u003cp\u003e6.2 Impact of Transmission Constraints in Markets\u003c\/p\u003e \u003cp\u003e6.3 Transmission Charging\u003c\/p\u003e \u003cp\u003e6.4 Derivation of Use of System Charges\u003c\/p\u003e \u003cp\u003e6.5 International Tariff Comparisons\u003c\/p\u003e \u003cp\u003e6.6 Transmission Investment\u003c\/p\u003e \u003cp\u003e6.7 Interconnection Investment Appraisal\u003c\/p\u003e \u003cp\u003e6.8 International Practice\u003c\/p\u003e \u003cp\u003e6.9 Summary\u003c\/p\u003e \u003cp\u003eChapter 7 Distribution\u003c\/p\u003e \u003cp\u003e7.1 Introduction\u003c\/p\u003e \u003cp\u003e7.2 Market Status\u003c\/p\u003e \u003cp\u003e7.3 Commercial Arrangements\u003c\/p\u003e \u003cp\u003e7.4 Metering and Balancing\u003c\/p\u003e \u003cp\u003e7.5 Cost of Distribution\u003c\/p\u003e \u003cp\u003e7.6 Distribution Tariffs\u003c\/p\u003e \u003cp\u003e7.7 OPEX Regulation\u003c\/p\u003e \u003cp\u003e7.8 Capex Regulation\u003c\/p\u003e \u003cp\u003e7.9 Business Risk\u003c\/p\u003e \u003cp\u003e7.10 Distributed Generation\u003c\/p\u003e \u003cp\u003e7.11 Summary\u003c\/p\u003e \u003cp\u003eChapter 8 End User Charges and Prices\u003c\/p\u003e \u003cp\u003e8.1 Introduction\u003c\/p\u003e \u003cp\u003e8.2 Price Comparisons\u003c\/p\u003e \u003cp\u003e8.3 End user Energy Prices\u003c\/p\u003e \u003cp\u003e8.4 Total End User Prices\u003c\/p\u003e \u003cp\u003e8.5 Tariff Development\u003c\/p\u003e \u003cp\u003e8.6 Customer Switching\u003c\/p\u003e \u003cp\u003e8.7 Summary\u003c\/p\u003e \u003cp\u003ePart Three Market Operation\u003c\/p\u003e \u003cp\u003eChapter 9 Market Trading\u003c\/p\u003e \u003cp\u003e9.1 Introduction\u003c\/p\u003e \u003cp\u003e9.2 European Markets\u003c\/p\u003e \u003cp\u003e9.3 Developing Markets – China\u003c\/p\u003e \u003cp\u003e9.4 Market Power\u003c\/p\u003e \u003cp\u003e9.5 Trading Arrangements\u003c\/p\u003e \u003cp\u003e9.6 Bilateral Trading\u003c\/p\u003e \u003cp\u003e9.7 Balancing Market\u003c\/p\u003e \u003cp\u003e9.8 Exchange Trading\u003c\/p\u003e \u003cp\u003e9.9 Supplier Risk\u003c\/p\u003e \u003cp\u003e9.10 Generation Risk\u003c\/p\u003e \u003cp\u003e9.11 Market Interaction\u003c\/p\u003e \u003cp\u003e9.12 Arbitrage Spark Spread\u003c\/p\u003e \u003cp\u003e9.13 Summary\u003c\/p\u003e \u003cp\u003eChapter 10 Market Analysis\u003c\/p\u003e \u003cp\u003e10.1 Introduction\u003c\/p\u003e \u003cp\u003e10.2 Modelling Overview\u003c\/p\u003e \u003cp\u003e10.3 Dispatch Market Simulation\u003c\/p\u003e \u003cp\u003e10.4 Load Duration Model\u003c\/p\u003e \u003cp\u003e10.5 Hydro Generation\u003c\/p\u003e \u003cp\u003e10.6 Interconnection Modelling\u003c\/p\u003e \u003cp\u003e10.7 Predicting Demand Data\u003c\/p\u003e \u003cp\u003e10.8 Generation data\u003c\/p\u003e \u003cp\u003e10.9 Calculations\u003c\/p\u003e \u003cp\u003e10.10 Price Duration Curve\u003c\/p\u003e \u003cp\u003e10.11 Statistical Forecasting\u003c\/p\u003e \u003cp\u003e10.12 Predicting New Entry\u003c\/p\u003e \u003cp\u003e10.13 Summary\u003c\/p\u003e \u003cp\u003eChapter 11 Ancillary Service Markets\u003c\/p\u003e \u003cp\u003e11.1 Introduction\u003c\/p\u003e \u003cp\u003e11.2 Ancillary Service Requirements\u003c\/p\u003e \u003cp\u003e11.3 Market Volume\u003c\/p\u003e \u003cp\u003e11.4 Procurement Process\u003c\/p\u003e \u003cp\u003e11.5 Cost of Providing Services\u003c\/p\u003e \u003cp\u003e11.6 Predicting Revenues\u003c\/p\u003e \u003cp\u003e11.7 Summary\u003c\/p\u003e \u003cp\u003eChapter 12 Cross-border Trading\u003c\/p\u003e \u003cp\u003e12.1 Introduction\u003c\/p\u003e \u003cp\u003e12.2 Governance\u003c\/p\u003e \u003cp\u003e12.3 Cross-border Capacity\u003c\/p\u003e \u003cp\u003e12.4 New Investment\u003c\/p\u003e \u003cp\u003e12.5 Managing Operation\u003c\/p\u003e \u003cp\u003e12.6 Capacity Auctions\u003c\/p\u003e \u003cp\u003e12.7 Security\u003c\/p\u003e \u003cp\u003e12.8 Charging for Wheeling\u003c\/p\u003e \u003cp\u003e12.9 International Trading Development\u003c\/p\u003e \u003cp\u003e12.10 Summary\u003c\/p\u003e \u003cp\u003eChapter 13 Investment Appraisal\u003c\/p\u003e \u003cp\u003e13.1 Introduction\u003c\/p\u003e \u003cp\u003e13.2 Overall Analysis\u003c\/p\u003e \u003cp\u003e13.3 Analysis of Options\u003c\/p\u003e \u003cp\u003e13.4 Plant Costs\u003c\/p\u003e \u003cp\u003e13.5 Predicting Revenue\u003c\/p\u003e \u003cp\u003e13.6 Bidding\/Contracting Strategy\u003c\/p\u003e \u003cp\u003e13.7 Evaluating Risk\u003c\/p\u003e \u003cp\u003e13.8 Summary\u003c\/p\u003e \u003cp\u003ePart Four Market Development\u003c\/p\u003e \u003cp\u003eChapter 14 Market Performance\u003c\/p\u003e \u003cp\u003e14.1 Introduction\u003c\/p\u003e \u003cp\u003e14.2 Performance Criteria\u003c\/p\u003e \u003cp\u003e14.3 Market Shortcomings\u003c\/p\u003e \u003cp\u003e14.4 Performance Assessment\u003c\/p\u003e \u003cp\u003e14.5 Performance Improvement\u003c\/p\u003e \u003cp\u003e14.6 Summary\u003c\/p\u003e \u003cp\u003eChapter 15 Market Developments\u003c\/p\u003e \u003cp\u003e15.1 Introduction\u003c\/p\u003e \u003cp\u003e15.2 Generation Developments\u003c\/p\u003e \u003cp\u003e15.3 Future Plant Mix\u003c\/p\u003e \u003cp\u003e15.4 Transmission and Distribution Grids\u003c\/p\u003e \u003cp\u003e15.5 Carbon Capture and Storage\u003c\/p\u003e \u003cp\u003e15.6 Market Implications\u003c\/p\u003e \u003cp\u003e15.7 Summary\u003c\/p\u003e \u003cp\u003eChapter 16 Long-term Scenarios\u003c\/p\u003e \u003cp\u003e16.1 Introduction\u003c\/p\u003e \u003cp\u003e16.2 Emissions\u003c\/p\u003e \u003cp\u003e16.3 Alternative Energy Sources\u003c\/p\u003e \u003cp\u003e16.4 The Nuclear Option\u003c\/p\u003e \u003cp\u003e16.5 Fuel Prices\u003c\/p\u003e \u003cp\u003e16.6 Fuel Supply Security\u003c\/p\u003e \u003cp\u003e16.7 System Security\u003c\/p\u003e \u003cp\u003e16.8 Clean Coal Technology\u003c\/p\u003e \u003cp\u003e16.9 Network Developments\u003c\/p\u003e \u003cp\u003e16.10 International Commodity and Freight Markets\u003c\/p\u003e \u003cp\u003e16.11 Competition\u003c\/p\u003e \u003cp\u003e16.12 Conclusions\u003c\/p\u003e \u003cp\u003eGlossary\u003c\/p\u003e \u003cp\u003eReferences\u003c\/p\u003e \u003cp\u003eAppendix Conversion Tables\u003c\/p\u003e \u003cp\u003eIndex\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402429833559,"sku":"9780470779668","price":80.96,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470779668.jpg?v=1730480376","url":"https:\/\/bookcurl.com\/products\/power-markets-and-economics-9780470779668","provider":"Book Curl","version":"1.0","type":"link"}