The economics of electricity markets : theory and policy / edited by Pippo Ranci (Universita Cattolica, Italy), Guido Cervigni (Universita Bocconi, Italy)

Contributor(s):

Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: The Loyola de Palacio series on European energy policy | Edward Elgar E-Book ArchivePublisher: Cheltenham, U.K ; Northampton, MA, USA : Edward Elgar, 2013Description: 1 Online-Ressource (viii, 226 pages) : diagramsISBN:

9780857933966

Subject(s):

Additional physical formats: 9780857933959. | Erscheint auch als: The economics of electricity markets. Druck-Ausgabe. Cheltenham, UK : Edward Elgar, 2013. viii, 226 SeitenDDC classification:

333.7932

RVK: RVK: QR 530LOC classification:

HD9685.A2

DOI: DOI: 10.4337/9780857933966Online resources:

Production credits:

The Economics of Electricity Markets provides a cutting-edge analysis of the critical issues involved in the design and operation of electricity markets, as well as an assessment of alternative institutional arrangements that have either been implemented or are under discussion in Europe and the US. The book illustrates how a sound market design can render electricity trading and retailing very much like that of other commodities. Social and political concerns, rather than engineering or economics, are what make electricity markets ‘special’. The expert contributors address a wide set of issues that arise when competition is introduced to the electricity industry, ranging from the design of spot and real-time power markets to alternative approaches to congestion management, from competition policy in wholesale electricity markets to the benefits and costs of retail competition, and from regulatory measures to ensure generation capacity adequacy to the politicization of generation investment decisions as a way of pursuing sustainability targets. This highly informative book will appeal to academics, students and researchers in the field of advanced energy economics, and will prove essential reading for energy regulators, professionals and executives wishing to explore the theoretical foundations underpinning their day-to-day activities.

Summary: 1. Introduction / Pippo Ranci and Guido Cervigni -- 2. Wholesale electricity markets / Guido Cervigni and Dmitri Perekhodtsev -- 3. Generation capacity adequacy / Guido Cervigni, Andrea Commisso and Dmitri Perekhodtsev -- 4. Congestion management and transmission rights / Dmitri Perekhodtsev and Guido Cervigni -- 5. Competition policy in the electricity industry / Guido Cervigni and Dmitri Perekhodtsev -- 6. Retail competition / Anna Creti and Clara Poletti -- 7. Climate change and the future of the liberalised electricity markets / Guido Cervigni.Summary: The Economics of Electricity Markets provides a cutting-edge analysis of the critical issues involved in the design and operation of electricity markets, as well as an assessment of alternative institutional arrangements that have either been implemented or are under discussion in Europe and the US. The book illustrates how a sound market design can render electricity trading and retailing very much like that of other commodities. Social and political concerns, rather than engineering or economics, are what make electricity markets special. The expert contributors address a wide set of issues that arise when competition is introduced to the electricity industry, ranging from the design of spot and real-time power markets to alternative approaches to congestion management, from competition policy in wholesale electricity markets to the benefits and costs of retail competition, and from regulatory measures to ensure generation capacity adequacy to the politicization of generation investment decisions as a way of pursuing sustainability targets. This highly informative book will appeal to academics, students and researchers in the field of advanced energy economics, and will prove essential reading for energy regulators, professionals and executives wishing to explore the theoretical foundations underpinning their day-to-day activitiesPPN: PPN: 168589867XPackage identifier: Produktsigel: ZDB-1-EWE

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