Investment In Electricity Generation And Transmission

Author : Antonio J. Conejo,Luis Baringo,S. Jalal Kazempour,Afzal S. Siddiqui
Publisher : Springer
Page : 389 pages
File Size : 43,9 Mb
Release : 2016-06-10
Category : Business & Economics
ISBN : 9783319295015

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Investment in Electricity Generation and Transmission by Antonio J. Conejo,Luis Baringo,S. Jalal Kazempour,Afzal S. Siddiqui Pdf

This book provides an in-depth analysis of investment problems pertaining to electric energy infrastructure, including both generation and transmission facilities. The analysis encompasses decision-making tools for expansion planning, reinforcement, and the selection and timing of investment options. In this regard, the book provides an up-to-date description of analytical tools to address challenging investment questions such as: How can we expand and/or reinforce our aging electricity transmission infrastructure? How can we expand the transmission network of a given region to integrate significant amounts of renewable generation? How can we expand generation facilities to achieve a low-carbon electricity production system? How can we expand the generation system while ensuring appropriate levels of flexibility to accommodate both demand-related and production-related uncertainties? How can we choose among alternative production facilities? What is the right time to invest in a given production or transmission facility? Written in a tutorial style and modular format, the book includes a wealth of illustrative examples to facilitate comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, operations research, management science, and economics. Practitioners in the electric energy sector will also benefit from the concepts and techniques presented here.

Author : Mohammad Reza Hesamzadeh,Juan Rosellón,Ingo Vogelsang
Publisher : Springer Nature
Page : 590 pages
File Size : 40,8 Mb
Release : 2020-09-10
Category : Business & Economics
ISBN : 9783030479299

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Transmission Network Investment in Liberalized Power Markets by Mohammad Reza Hesamzadeh,Juan Rosellón,Ingo Vogelsang Pdf

This book provides a systematic overview of transmission network investment in liberalized power markets. Recent government policies to increase the share of intermittent renewable power generation and other technological innovations present new theoretical as well as practical challenges for transmission investments. Written by experts with a background in both economics and engineering, the book examines the economic and technical fundamentals of regulated and merchant transmission investment, and includes case studies of transmission investment in a number of countries. The book is divided into four parts: Part 1 introduces the basic economics and engineering of transmission network investment, while Part 2 discusses merchant investment in the transmission network. Part 3 then examines transmission investment coordination and smart grids, and lastly, Part 4 describes practical experiences of transmission network investment in power market in various countries.

Author : Darryl R. Biggar,Mohammad Reza Hesamzadeh
Publisher : John Wiley & Sons
Page : 493 pages
File Size : 50,7 Mb
Release : 2014-07-10
Category : Science
ISBN : 9781118775721

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The Economics of Electricity Markets by Darryl R. Biggar,Mohammad Reza Hesamzadeh Pdf

Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes

Author : Marcelino Madrigal,Steven Stoft
Publisher : World Bank Publications
Page : 170 pages
File Size : 52,8 Mb
Release : 2012-07-06
Category : Business & Economics
ISBN : 9780821396018

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Transmission Expansion for Renewable Energy Scale-Up by Marcelino Madrigal,Steven Stoft Pdf

Scaling-up renewals requires expanding electricity grids. Policy makers, regulators, and utilities, are working together to ensure renewable energy goals are not held back by the lack of transmission.

Author : François Lévêque
Publisher : Edward Elgar Publishing
Page : 319 pages
File Size : 51,7 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 9781847204356

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Competitive Electricity Markets and Sustainability by François Lévêque Pdf

This book responds to the opening up of electricity markets to competition, which has completely changed the nature of power generation. The building of new generation and transmission capacity and the setting of the energy mix between nuclear, gas and renewable resources are mainly left to private initiative and investors. The authors and the editor of this book explore whether or not market forces offer a sustainable future for electricity generation. They employ economic theory and method to answer questions such as: Will the market be able to ensure adequacy of generation capacity and secu.

Author : International Energy Agency,Organisation for Economic Co-operation and Development
Publisher : International Energy Agency
Page : 110 pages
File Size : 50,7 Mb
Release : 2003
Category : Business & Economics
ISBN : UOM:39015058107031

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Power Generation Investment in Electricity Markets by International Energy Agency,Organisation for Economic Co-operation and Development Pdf

On cover and title page: Energy market reform.

Author : Matthew H. Brown,Richard P. Sedano
Publisher : National Council of Teachers of English
Page : 90 pages
File Size : 53,7 Mb
Release : 2004
Category : Technology & Engineering
ISBN : IND:30000107603890

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Electricity Transmission by Matthew H. Brown,Richard P. Sedano Pdf

Author : International Energy Agency
Publisher : OECD Publishing
Page : 216 pages
File Size : 48,8 Mb
Release : 2007
Category : Business & Economics
ISBN : UOM:39015069233636

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Tackling Investment Challenges in Power Generation by International Energy Agency Pdf

What are the recent trends and prospects for investment in power generation? What are the main drivers and barriers? This book assesses these issues and gives special emphasis to the question of how uncertainties may affect investment decisions. Uncertainties on CO 2 constraints, on power plant licensing, on acceptability of nuclear power, on local opposition to any new energy infrastructure, on government support for specific generation technologies and on government policies on energy efficiency are particularly disturbing. Market liberalisation can also be a key uncertainty, but this may be greatly reduced and deliver considerable benefits if liberalisation is implemented whole-heartedly and backed by on-going government commitment.

Author : Tom Fogarty,Robert Lamb
Publisher : John Wiley & Sons
Page : 224 pages
File Size : 40,6 Mb
Release : 2012-01-30
Category : Business & Economics
ISBN : 9781118234785

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Investing in the Renewable Power Market by Tom Fogarty,Robert Lamb Pdf

The financial challenges facing clean energy installations The path to the widespread adoption of renewable energy is littered with major technological legal, political, and financial challenges. Investing in the Renewable Power Market is a reality check for the mass roll out of green energy and its financial dominance of the world energy market, focusing on real energy costs and global energy needs over the next decade. If green energy is to be truly successful, the market must be properly understood, so that dreams of a green future do not lead to actual energy nightmares. The first book to cover the major investing challenges and monetary constraints placed on electric power companies as they race to meet their green energy requirements, Investing in the Renewable Power Market explains how generating electricity is totally different from other energy enterprises in that it is highly regulated and its product cannot be stored. This combination greatly affects the finances of renewable power and influences how investors should navigate the energy market. To help the reader better understand the current state of the alternative energy industry, the book: Details the challenges facing green energy, such as the fact that it is priced compared to natural gas, which is currently at an all-time low Analyzes real energy costs and the global demand for energy over the next decade Describes why, in the short term, investment opportunities with renewable power will be with financial and operational restructurings The green energy market is currently facing enormous challenges, but Investing in the Renewable Power Market explains the real costs of energy, the future of the energy market, and how to profit in both the long and short term.

Author : Marcelino Madrigal,Steven Stoft
Publisher : World Bank Publications
Page : 171 pages
File Size : 55,9 Mb
Release : 2012-06-29
Category : Business & Economics
ISBN : 9780821395981

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Transmission Expansion for Renewable Energy Scale-Up by Marcelino Madrigal,Steven Stoft Pdf

In their efforts to increase the share of renewable in electricity grids to reducing emissions or increasing energy diversity, developed and developing countries are finding that a considerable scale-up of investments in transmission infrastructures will be necessary to achieve their goals. Renewable energy resources such as wind, solar, and hydro power, tend to be sited far from existing electricity grids and consumption centers. Achieving desired supply levels from these sources requires that networks be expanded to reach many sites and to ensuring the different supply variation patterns of renewable are combined with existing sources in the grid to ensure the constantly varying demand for electricity is always met. Expanding networks will be crucial to achieve renewable energy objectives efficiency and effectively. Efficiency is important to ensure renewable energy goals are achieved at the lowest cost while considering needed investment in transmission. Besides the cost of transmission, which is often worth, transmission needs be planned and built in such a way that the many sites being taped are connected in a timely fashion. The challenges of ensuring efficiency and efficacy in developing transmission for renewable become surmountable if the right planning and regulatory framework for expanding transmission are put in place. This report reviews emerging approaches being undertaken by transmission utilities and regulators to solve to cope with these challenges of expanding transmission for renewable energy scale-up. Proactively planning and regulating transmission networks are emerging as the premier approach to ensure that transmission networks are expanded efficiently and effectively. Linking planning with clear and stable cost-recovery regulation can also help bringing the private sector to complement the considerable investment needs in transmission. Based on the evolving experience and on established theory and practice on transmission regulation, the report also proposes some principles that could be useful to implement specific rules for the planning, development, and pricing of transmission networks.

Author : Robert Gross
Publisher : Unknown
Page : 84 pages
File Size : 46,6 Mb
Release : 2007
Category : Electric industries
ISBN : 1903144051

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Investment in electricity generation by Robert Gross Pdf

Author : Sara Lumbreras,Hamdi Abdi,Andrés Ramos
Publisher : Springer Nature
Page : 311 pages
File Size : 46,6 Mb
Release : 2020-11-19
Category : Technology & Engineering
ISBN : 9783030494285

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Transmission Expansion Planning: The Network Challenges of the Energy Transition by Sara Lumbreras,Hamdi Abdi,Andrés Ramos Pdf

This book presents a panoramic look at the transformation of the transmission network in the context of the energy transition. It provides readers with basic definitions as well as details on current challenges and emerging technologies. In-depth chapters cover the integration of renewables, the particularities of planning large-scale systems, efficient reduction and solution methods, the possibilities of HVDC and super grids, distributed generation, smart grids, demand response, and new regulatory schemes. The content is complemented with case studies that highlight the importance of the power transmission network as the backbone of modern energy systems. This book will be a comprehensive reference that will be useful to both academics and practitioners.

Author : Daniel S. Kirschen,Goran Strbac
Publisher : John Wiley & Sons
Page : 346 pages
File Size : 44,9 Mb
Release : 2018-09-24
Category : Technology & Engineering
ISBN : 9781119213246

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Fundamentals of Power System Economics by Daniel S. Kirschen,Goran Strbac Pdf

A new edition of the classic text explaining the fundamentals of competitive electricity marketsnow updated to reflect the evolution of these markets and the large scale deployment of generation from renewable energy sources The introduction of competition in the generation and retail of electricity has changed the ways in which power systems function. The design and operation of successful competitive electricity markets requires a sound understanding of both power systems engineering and underlying economic principles of a competitive market. This extensively revised and updated edition of the classic text on power system economics explains the basic economic principles underpinning the design, operation, and planning of modern power systems in a competitive environment. It also discusses the economics of renewable energy sources in electricity markets, the provision of incentives, and the cost of integrating renewables in the grid. Fundamentals of Power System Economics, Second Edition looks at the fundamental concepts of microeconomics, organization, and operation of electricity markets, market participants strategies, operational reliability and ancillary services, network congestion and related LMP and transmission rights, transmission investment, and generation investment. It also expands the chapter on generation investmentsdiscussing capacity mechanisms in more detail and the need for capacity markets aimed at ensuring that enough generation capacity is available when renewable energy sources are not producing due to lack of wind or sun. Retains the highly praised first editions focus and philosophy on the principles of competitive electricity markets and application of basic economics to power system operating and planning Includes an expanded chapter on power system operation that addresses the challenges stemming from the integration of renewable energy sources Addresses the need for additional flexibility and its provision by conventional generation, demand response, and energy storage Discusses the effects of the increased uncertainty on system operation Broadens its coverage of transmission investment and generation investment Supports self-study with end-of-chapter problems and instructors with solutions manual via companion website Fundamentals of Power System Economics, Second Edition is essential reading for graduate and undergraduate students, professors, practicing engineers, as well as all others who want to understand how economics and power system engineering interact.

Author : National Research Council,National Academy of Engineering,National Academy of Sciences,America's Energy Future Panel on Electricity from Renewable Resources
Publisher : National Academies Press
Page : 386 pages
File Size : 46,8 Mb
Release : 2010-04-05
Category : Science
ISBN : 9780309137089

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Electricity from Renewable Resources by National Research Council,National Academy of Engineering,National Academy of Sciences,America's Energy Future Panel on Electricity from Renewable Resources Pdf

A component in the America's Energy Future study, Electricity from Renewable Resources examines the technical potential for electric power generation with alternative sources such as wind, solar-photovoltaic, geothermal, solar-thermal, hydroelectric, and other renewable sources. The book focuses on those renewable sources that show the most promise for initial commercial deployment within 10 years and will lead to a substantial impact on the U.S. energy system. A quantitative characterization of technologies, this book lays out expectations of costs, performance, and impacts, as well as barriers and research and development needs. In addition to a principal focus on renewable energy technologies for power generation, the book addresses the challenges of incorporating such technologies into the power grid, as well as potential improvements in the national electricity grid that could enable better and more extensive utilization of wind, solar-thermal, solar photovoltaics, and other renewable technologies.

Author : National Research Council,National Academy of Engineering,National Academy of Sciences,Division on Engineering and Physical Sciences,Committee on America's Energy Future
Publisher : National Academies Press
Page : 736 pages
File Size : 54,9 Mb
Release : 2010-01-15
Category : Science
ISBN : 9780309116022

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America's Energy Future by National Research Council,National Academy of Engineering,National Academy of Sciences,Division on Engineering and Physical Sciences,Committee on America's Energy Future Pdf

For multi-user PDF licensing, please contact customer service. Energy touches our lives in countless ways and its costs are felt when we fill up at the gas pump, pay our home heating bills, and keep businesses both large and small running. There are long-term costs as well: to the environment, as natural resources are depleted and pollution contributes to global climate change, and to national security and independence, as many of the world's current energy sources are increasingly concentrated in geopolitically unstable regions. The country's challenge is to develop an energy portfolio that addresses these concerns while still providing sufficient, affordable energy reserves for the nation. The United States has enormous resources to put behind solutions to this energy challenge; the dilemma is to identify which solutions are the right ones. Before deciding which energy technologies to develop, and on what timeline, we need to understand them better. America's Energy Future analyzes the potential of a wide range of technologies for generation, distribution, and conservation of energy. This book considers technologies to increase energy efficiency, coal-fired power generation, nuclear power, renewable energy, oil and natural gas, and alternative transportation fuels. It offers a detailed assessment of the associated impacts and projected costs of implementing each technology and categorizes them into three time frames for implementation.