Power Markets and Economics (eBook)
324 Seiten
John Wiley & Sons (Verlag)
978-0-470-74301-0 (ISBN)
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.
This volume presents an all-inclusive analysis of the
electricity market structures that have been adopted around the
world and how they are performing. It provides an up-to-date
analysis of the cost of competing technologies, the operation of
energy and ancillary service markets and the impact of renewable
sources and emission restrictions. It takes a forward look at
likely future developments necessary to cope with the new emerging
issues.
* Part One introduces industry infrastructure, analysing state
utilities, the motives behind liberalisation and the resulting
structures.
* Part Two considers generation costs, including renewable
generation costs, and investigates the cost of restricting
emissions as well as transmission and distribution costs.
* Part Three discusses market operation, describing how costs
affect the organisation of power generation. It covers trading
arrangements, ancillary services, international trading and
investment.
* Part Four looks to future markets and technological
developments that will shape the industry through the next twenty
years. This includes the appraisal of investment opportunities for
global power companies and implications for market
performance.
Written by an internationally renowned consultant engineer, this
book is full of expert insight and balances fundamental methodology
and academic theory with practical information and diverse worked
examples.
This is an excellent reference on the topic for power system
engineers, regulators, banks, investors, and government energy
agencies. With its many worked examples, it is also a brilliant
tutorial accessible for postgraduates and senior undergraduates in
electrical and power engineering.
From the author: I have specialised in power system development and economics for the last 40 years having worked for a distribution company and as a senior manager with a generator (CEGB), a transmission company (NGC) and a manufacturer (ABB). Prior to liberalisation I worked on the development of algorithms to optimise system planning and operation which led to my playing a lead role in the restructuring of the UK power sector in 1990. In 1998 I set up as an independent consultant with a company called 'Electricity Market Services Ltd' and published a book on early experiences with Wiley called 'Electricity Markets'. Since then I have worked on projects throughout the world. I have advised government agencies and regulators in Belgium, the UK, South Africa, Sri Lanka, Oman, Namibia and Abu Dhabi. I have analysed markets for clients covering the UK, France, Germany, the Netherlands, Spain, Italy, Ireland, Poland, the Czech Republic, Romania, Greece, Turkey, Scandinavia, the Ukraine, Russia and Kazakhstan, Botswana and Mozambique. I have also undertaken assignments in the US, Trinidad and Tobago and Singapore, for banks in Europe, the World Bank and for oil and gas companies. This new book is based on the experience and understanding gained from this wide spectrum of assignments and international experience. It shows how power costs can be calculated and compares those from conventional sources with renewable and other alternatives. It also includes detailed calculations of distribution and transmission charges showing the makeup of end user charges and the impact of emission restrictions. Part three discusses the operation of markets and how they may be analysed while part four speculates on future developments. I was encouraged to write the book and record my understanding and experiences by universities and others who recognised the shortage of books in this area. I have included worked examples and endeavoured to keep abreast of the latest developments. The industry continues to face new challenges and it remains to be seen how well the market structures put in place will be able to deal with them. I originally trained as a power systems engineer with a first in Electrical Engineering. I subsequently took a Diploma in management Studies and completed a PhD in electricity markets. I am a fellow of the IEE, a senior member of the American IEEE and a member of the British Institute of Management.
?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.? (Oxford Prospect, August
2009)
"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." (Engineering and Technology, May 2009)
"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." (Engineering and Technology, May
2009)
Erscheint lt. Verlag | 25.2.2009 |
---|---|
Sprache | englisch |
Themenwelt | Geisteswissenschaften ► Geschichte |
Technik ► Elektrotechnik / Energietechnik | |
Wirtschaft ► Betriebswirtschaft / Management | |
Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie | |
Schlagworte | Energie • Energietechnik • Energiewirtschaft u. -politik • Energy • Energy Economics & Policy • Finance & Investments • Financial Engineering • Finanztechnik • Finanz- u. Anlagewesen • Power Technology & Power Engineering |
ISBN-10 | 0-470-74301-8 / 0470743018 |
ISBN-13 | 978-0-470-74301-0 / 9780470743010 |
Haben Sie eine Frage zum Produkt? |
Größe: 4,0 MB
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