000			04774nam a2200361 i 4500
005			20250728143944.0
008			020723s2002 nyum b a001 0 eng
010			_a2002618019
020			_a0471150401
020			_a9780471150404
040			_aUKM _beng _cUKM _dDLC _dBAKER _dUBA _dIUL _dC#P _dMUQ _dBTCTA _dUW1 _dYDXCP _dSTF _dEIP _dCHVBK _dDEBBG _dBLBSF _dOCLCO _dOCLCF _dBEDGE _dUtOrBLW _dBAUN _erda
041	0		_aeng
042			_alccopycat
049			_aBAUN_MERKEZ
050	0	0	_aHD9685.A2 _bS75 2002
050	0	0	_aHD9685.A2 _bS75 2002
100	1		_aStoft, Steven _eaut _9121809
245	1	0	_aPower system economics : _bdesigning markets for electricity / _cSteven Stoft.
264		1	_aPiscataway, NJ : _bIEEE Press ; _aNew York : _bWiley-Interscience, _c2002.
300			_axxiv, 468 pages : _billustrations ; _c24 cm.
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
500			_a"An introduction to the fundamental economics of power market design and analysis"--Back cover.
504			_aIncludes bibliographical references (pages [455]-459) and index.
505	0	0	_tList of Results and Fallacies _t-- Preface _t-- Acronyms and Abbreviations _t-- Symbols _t-- Part 1: Power Market Fundamentals _t-- Prologue _t-- Why Deregulate? What to Deregulate _t-- Pricing Power, Energy, and Capacity _t-- Power Supply and Demand _t-- What Is Competition? Marginal Cost in a Power Market _t-- Market Structure _t-- Market Architecture _t-- Designing and Testing Market Rules _t-- Part 2: Reliability, Price Spikes and Investment _t-- Reliability and Investment Policy _t-- Price Spikes Recover Fixed Costs _t-- Reliability and Generation _t-- Limiting the Price Spikes _t-- Value-of-Lost-Load Pricing _t-- Operating-Reserve Pricing _t-- Market Dynamics and the Profit Function _t-- Requirements for Installed Capacity _t-- Inter-System Competition for Reliability _t-- Unsolved Problems _t-- Part 3: Market Architecture _t-- Introduction _t-- The Two-Settlement System _t-- Day-Ahead Market Designs _t-- Ancillary Services _t-- The Day-Ahead Market in Theory _t-- The Real-Time Market in Theory _t-- The Day-Ahead Market in Practice _t-- The Real-Time Market in Practice _t-- The New Unit-Commitment Problem _t-- The Market for Operating Reserves _t-- Part 4: Market Power _t-- Defining Market Power _t-- Exercising Market Power _t-- Modeling Market Power _t-- Designing to Reduce Market Power _t-- Predicting Market Power _t-- Monitoring Market Power _t-- Part 5: Locational Pricing _t-- Power Transmission and Losses _t-- Physical Transmission Limits _t-- Congestion Pricing Fundamentals _t-- Congestion Pricing Methods _t-- Congestion Pricing Fallacies _t-- Refunds and Taxes _t-- Pricing Losses on Lines _t-- Pricing Losses at Nodes _t-- Transmission Rights _t-- Glossary _t-- References _t-- Index.
520			_a"The first systematic presentation of electricity market design-from the basics to the cutting edge. Unique in its breadth and depth. Using examples and focusing on fundamentals, it clarifies long misunderstood issues-such as why todays markets are inherently unstable. The book reveals for the first time how uncoordinated regulatory and engineering policies cause boom-bust investment swings and provides guidance and tools for fixing broken markets. It also takes a provocative look at the operation of pools and power exchanges. Part 1 introduces key economic, engineering and market design concepts. Part 2 links short-run reliability policies with long-run investment problems. Part 3 examines classic designs for day-ahead and real-time markets. Part 4 covers market power, and Part 5 covers locational pricing, transmission right and pricing losses. The non-technical introductions to all chapters allow easy access to the most difficult topics. Steering an independent course between ideological extremes, it provides background material for engineers, economists, regulators and lawyers alike. With nearly 250 figures, tables, side bars, and concisely-stated results and fallacies, the 44 chapters cover such essential topics as auctions, fixed-cost recovery from marginal cost, pricing fallacies, real and reactive power flows, Cournot competition, installed capacity markets, HHIs, the Lerner index and price caps. About the Author Steven Stoft has a Ph.D. in economics (U.C. Berkeley) as well as a background in physics, math, engineering, and astronomy. He spent a year inside FERC and now consults for PJM, California and private generators. Learn more at www.stoft.com." http://www.loc.gov/catdir/description/wiley036/2002618019.html.
650		0	_aElectric utilities _xEconomic aspects.
650		0	_aElectric industries _xEconomic aspects.
650		0	_aElectric power _9121812
650		0	_aElectric utilities.
942			_2lcc _cKT
999			_c94165 _d94165