Making Energy Markets

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Making Energy Markets

Author : Ronan Bolton
Publisher : Springer Nature
Page : 367 pages
File Size : 55,7 Mb
Release : 2022-02-01
Category : Social Science
ISBN : 9783030900755

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Making Energy Markets by Ronan Bolton Pdf

Making Energy Markets charts the emergence and early evolution of electricity markets in western Europe, covering the decade from the late 1980s to the late 1990s. Liberalising electricity marked a radical deviation from the established paradigm of state-controlled electricity systems which had become established across Europe after the Second World War. By studying early liberalisation processes in Britain and the Nordic region, and analysing the role of the EEC, the book shows that the creation of electricity markets involved political decisions about the feasibility and desirability of introducing competition into electricity supply industries. Competition introduced risks, so in designing the process politicians needed to evaluate who the likely winners and losers might be and the degree to which competition would impact key national industries reliant on cross-subsidies from the electricity sector, in particular coal mining, nuclear power and energy intensive production. The book discusses how an understanding of the origins of electricity markets and their political character can inform contemporary debates about renewables and low carbon energy transitions.

Decision Making Under Uncertainty in Electricity Markets

Author : Antonio J. Conejo,Miguel Carrión,Juan M. Morales
Publisher : Springer Science & Business Media
Page : 549 pages
File Size : 48,6 Mb
Release : 2010-09-08
Category : Business & Economics
ISBN : 9781441974211

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Decision Making Under Uncertainty in Electricity Markets by Antonio J. Conejo,Miguel Carrión,Juan M. Morales Pdf

Decision Making Under Uncertainty in Electricity Markets provides models and procedures to be used by electricity market agents to make informed decisions under uncertainty. These procedures rely on well established stochastic programming models, which make them efficient and robust. Particularly, these techniques allow electricity producers to derive offering strategies for the pool and contracting decisions in the futures market. Retailers use these techniques to derive selling prices to clients and energy procurement strategies through the pool, the futures market and bilateral contracting. Using the proposed models, consumers can derive the best energy procurement strategies using the available trading floors. The market operator can use the techniques proposed in this book to clear simultaneously energy and reserve markets promoting efficiency and equity. The techniques described in this book are of interest for professionals working on energy markets, and for graduate students in power engineering, applied mathematics, applied economics, and operations research.

Virtual Power Plants and Electricity Markets

Author : Luis Baringo,Morteza Rahimiyan
Publisher : Springer Nature
Page : 381 pages
File Size : 54,8 Mb
Release : 2020-09-03
Category : Technology & Engineering
ISBN : 9783030476021

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Virtual Power Plants and Electricity Markets by Luis Baringo,Morteza Rahimiyan Pdf

This textbook provides a detailed analysis of operation and planning problems faced by virtual power plants participating in different electricity markets. The chapters address in-depth, topics such as: optimization, market power, expansion, and modelling uncertainty in operation and planning problems of virtual power plants. The book provides an up-to-date description of decision-making tools to address challenging questions faced by virtual power plants such as: How can virtual power plants optimize their participation in electricity markets? How can a virtual power plant exercise market power? How can virtual power plants be optimally expanded? How can uncertainty be efficiently modelled in the operation and planning problems of virtual power plants? The book is written in a tutorial style and modular format, and includes many illustrative examples to facilitate comprehension. It is intended for a diverse audience including advanced undergraduate and graduate students in the fields of electric energy systems, operations research, and economics. Practitioners in the energy sector will also benefit from the concepts and techniques presented in this book. In particular, this book: Provides students with the GAMS codes to solve the examples in the book; Provides a basis for the formulation of decision-making problems under uncertainty; Contains a blend of theoretical concepts and practical applications that are developed as working algorithms.

Energy Trading and Investing

Author : Davis W. Edwards
Publisher : McGraw Hill Professional
Page : 399 pages
File Size : 43,8 Mb
Release : 2009-11-01
Category : Business & Economics
ISBN : 9780071629072

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Energy Trading and Investing by Davis W. Edwards Pdf

“The essential training manual for anyone who expects to profi tably engage the energy market while avoiding the devils lurking in the details.” Kurt Yeager, former President and CEO of the Electric Power Research Institute and coauthor of Perfect Power Shrinking fossil fuel supplies, volatile prices, deregulation, and environmental conservation have transformed the energy market into a major arena for making money. In response, an unprecedented amount of capital and investment manpower has fl ooded into the energy market. Older utilities are finding that their quiet, safe business has changed dramatically in a short period of time. Now, Energy Trading and Investing provides a big-picture introduction to the industry along with the trading know-how and fi nancial details that every market participant needs for success. This hands-on guidebook covers all types of energy markets—from the big-three markets of electricity, natural gas, and oil to the growing markets for liquefied natural gas, emissions, and alternative energy. It provides useful information on the interdependence of the different energy markets, who the major players are, and how Wall Street trades energy products. Energy Trading and Investing features: An overview of the entire energy market In-depth descriptions of all of the major energy commodities Financially oriented discussions of how chemistry, physics, accounting, and option pricing affect trading Primers on load forecasting, tolling agreements, natural gas storage, and more A practical introduction to risk management Written by a pioneering quant in the energy market, Energy Trading and Investing provides a highly disciplined and organized approach to profi ting from energy investments. This potent combination of detailed, up-to-date information alongside expert know-how thoroughly prepares you to invest and trade with confi dence in the energy market. If you’re a serious trader, you need to understand the energy markets, and Energy Trading and Investing is the only book you need to trade successfully in this growing sector.

Complementarity Modeling in Energy Markets

Author : Steven A. Gabriel,Antonio J. Conejo,J. David Fuller,Benjamin F. Hobbs,Carlos Ruiz
Publisher : Springer Science & Business Media
Page : 637 pages
File Size : 49,6 Mb
Release : 2012-07-20
Category : Business & Economics
ISBN : 9781441961235

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Complementarity Modeling in Energy Markets by Steven A. Gabriel,Antonio J. Conejo,J. David Fuller,Benjamin F. Hobbs,Carlos Ruiz Pdf

This addition to the ISOR series introduces complementarity models in a straightforward and approachable manner and uses them to carry out an in-depth analysis of energy markets, including formulation issues and solution techniques. In a nutshell, complementarity models generalize: a. optimization problems via their Karush-Kuhn-Tucker conditions b. on-cooperative games in which each player may be solving a separate but related optimization problem with potentially overall system constraints (e.g., market-clearing conditions) c. conomic and engineering problems that aren’t specifically derived from optimization problems (e.g., spatial price equilibria) d. roblems in which both primal and dual variables (prices) appear in the original formulation (e.g., The National Energy Modeling System (NEMS) or its precursor, PIES). As such, complementarity models are a very general and flexible modeling format. A natural question is why concentrate on energy markets for this complementarity approach? s it turns out, energy or other markets that have game theoretic aspects are best modeled by complementarity problems. The reason is that the traditional perfect competition approach no longer applies due to deregulation and restructuring of these markets and thus the corresponding optimization problems may no longer hold. Also, in some instances it is important in the original model formulation to involve both primal variables (e.g., production) as well as dual variables (e.g., market prices) for public and private sector energy planning. Traditional optimization problems can not directly handle this mixing of primal and dual variables but complementarity models can and this makes them all that more effective for decision-makers.

Handbook on Electricity Markets

Author : Glachant, Jean-Michel,Joskow, Paul L.,Pollitt, Michael G.
Publisher : Edward Elgar Publishing
Page : 672 pages
File Size : 46,8 Mb
Release : 2021-11-12
Category : Business & Economics
ISBN : 9781788979955

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Handbook on Electricity Markets by Glachant, Jean-Michel,Joskow, Paul L.,Pollitt, Michael G. Pdf

With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.

International Energy Markets

Author : Carol Ann Dahl
Publisher : PennWell Books
Page : 618 pages
File Size : 51,6 Mb
Release : 2004
Category : Business & Economics
ISBN : STANFORD:36105114167773

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International Energy Markets by Carol Ann Dahl Pdf

This book is designed to provide the economic skills to make better management or policy decisions relating to energy. It requires a knowledge of calculus and contains a toolbox of models along with institutional, technological and historical information for oil, coal, electricity, and renewable energy resources.

Integrating Renewables in Electricity Markets

Author : Juan M. Morales,Antonio J. Conejo,Henrik Madsen,Pierre Pinson,Marco Zugno
Publisher : Springer Science & Business Media
Page : 434 pages
File Size : 54,5 Mb
Release : 2013-12-03
Category : Business & Economics
ISBN : 9781461494119

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Integrating Renewables in Electricity Markets by Juan M. Morales,Antonio J. Conejo,Henrik Madsen,Pierre Pinson,Marco Zugno Pdf

This addition to the ISOR series addresses the analytics of the operations of electric energy systems with increasing penetration of stochastic renewable production facilities, such as wind- and solar-based generation units. As stochastic renewable production units become ubiquitous throughout electric energy systems, an increasing level of flexible backup provided by non-stochastic units and other system agents is needed if supply security and quality are to be maintained. Within the context above, this book provides up-to-date analytical tools to address challenging operational problems such as: • The modeling and forecasting of stochastic renewable power production. • The characterization of the impact of renewable production on market outcomes. • The clearing of electricity markets with high penetration of stochastic renewable units. • The development of mechanisms to counteract the variability and unpredictability of stochastic renewable units so that supply security is not at risk. • The trading of the electric energy produced by stochastic renewable producers. • The association of a number of electricity production facilities, stochastic and others, to increase their competitive edge in the electricity market. • The development of procedures to enable demand response and to facilitate the integration of stochastic renewable units. This book is written in a modular and tutorial manner and includes many illustrative examples to facilitate its comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, applied mathematics and economics. Practitioners in the electric energy sector will benefit as well from the concepts and techniques explained in this book.

The Evolution of Electricity Markets in Europe

Author : Leonardo Meeus
Publisher : Edward Elgar Publishing
Page : 192 pages
File Size : 43,9 Mb
Release : 2020-11-27
Category : Business & Economics
ISBN : 9781789905472

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The Evolution of Electricity Markets in Europe by Leonardo Meeus Pdf

Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.

Renewable Energy Policy and Politics

Author : Karl Mallon
Publisher : Routledge
Page : 284 pages
File Size : 45,6 Mb
Release : 2012-06-25
Category : Technology & Engineering
ISBN : 9781136558603

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Renewable Energy Policy and Politics by Karl Mallon Pdf

Understanding why renewable energy policies succeed and fail is essential for a range of stakeholders in the energy and environmental sectors. Clear information on why and how to secure successful renewable energy markets is much needed. Renewable Energy Policy and Politics meets that need, bringing together the experience of world leaders in this field. The book addresses the politics of renewable energy, the key players required to drive energy reform and those likely to resist change. The interplay between government, industry and society is discussed and explained with a balanced hand, offering a rare insight into political campaigning on energy. International case studies are included, complemented by a step-by-step breakdown of the elements required to achieve legislation. This book sets out the rules of the game, the stakes and the strategies for success. It will be an invaluable tool for policy makers, energy consultants, non-governmental organizations and other professionals working in the fields of energy policy, climate change and environmental policy. Students and researchers keen to enhance their knowledge of renewable energy markets and policy development will also find this essential reading.

Local Electricity Markets

Author : Tiago Pinto,Zita Vale,Steve Widergren
Publisher : Academic Press
Page : 474 pages
File Size : 48,5 Mb
Release : 2021-07-03
Category : Business & Economics
ISBN : 9780128226667

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Local Electricity Markets by Tiago Pinto,Zita Vale,Steve Widergren Pdf

Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. Delineates key components shaping the design and implementation of local electricity market structure Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation

Competitive Electricity Markets

Author : Fereidoon P. Sioshansi
Publisher : Elsevier
Page : 624 pages
File Size : 48,7 Mb
Release : 2011-10-10
Category : Technology & Engineering
ISBN : 0080557716

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Competitive Electricity Markets by Fereidoon P. Sioshansi Pdf

After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide

Energy Storage in Energy Markets

Author : Behnam Mohammadi-Ivatloo,Amin Mohammadpour Shotorbani,Amjad Anvari-Moghaddam
Publisher : Academic Press
Page : 452 pages
File Size : 50,7 Mb
Release : 2021-04-30
Category : Science
ISBN : 9780128203835

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Energy Storage in Energy Markets by Behnam Mohammadi-Ivatloo,Amin Mohammadpour Shotorbani,Amjad Anvari-Moghaddam Pdf

Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce. Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement. Provides integrated techno-economic analysis of energy storage systems and the energy markets Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business Applies advanced methods to the economic integration of large-scale energy storage systems Develops an evaluation framework for energy market storage systems

Electricity Markets

Author : Chris Harris
Publisher : John Wiley & Sons
Page : 550 pages
File Size : 44,8 Mb
Release : 2006-05-18
Category : Business & Economics
ISBN : 9780470011584

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Electricity Markets by Chris Harris Pdf

Understand the electricity market, its policies and how they drive prices, emissions, and security, with this comprehensive cross-disciplinary book. Author Chris Harris includes technical and quantitative arguments so you can confidently construct pricing models based on the various fluctuations that occur. Whether you?re a trader or an analyst, this book will enable you to make informed decisions about this volatile industry.

Modern Energy Market Manipulation

Author : Andrew N. Kleit
Publisher : Emerald Group Publishing
Page : 240 pages
File Size : 46,8 Mb
Release : 2018-11-15
Category : Business & Economics
ISBN : 9781787433861

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Modern Energy Market Manipulation by Andrew N. Kleit Pdf

This book explores the important economic and legal questions of market manipulation that have arisen in restructured energy markets, paying particular attention to the actions of the Federal Energy Regulatory Commission.