Competitive Electricity Markets book cover

Competitive Electricity Markets

Design, Implementation, Performance

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.” This volume 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.

Audience
Professionals, policy makers/regulators, students, researchers, and investors in the electric power sector, generating companies, distribution companies, manufacturers and suppliers

Hardbound, 624 Pages

Published: February 2008

Imprint: Elsevier

ISBN: 978-0-08-047172-3

Contents

  • ForewordDr. Michael PollittJudge Business School and EPRG, University of CambridgePrefaceProfessor Wolfgang PfaffenbergerJacobs University Bremen IntroductionElectricity market reform: Progress and remaining challengesFereidoon P. SioshansiMenlo Energy EconomicsPart One: Market reform evolution Chapter 1Reevaluation of vertical integration and unbundlingDr. Hung-po ChaoISO New EnglandProf. Shmuel OrenUniversity of California, BerkeleyProf. Robert WilsonStanford UniversityChapter 2Hybrid electricity markets and different patterns of restructuring Dr. Aad F. Correlje and Dr. Laurens De VriesDelft University of Technology, The Netherlands Chapter 3Achieving electricity market integration in EuropeNigel CornwallCornwall Energy Consulting, UKPart Two: Market performance, monitoring and demand participation Chapter 4Transmission markets, congestion management & investmentDr. Harry SinghFERCChapter 5The design of U.S. wholesale energy and ancillary service auction markets: Theory and practice Dr. Richard O’Neill & Dr. Udi HelmanFERC Prof. Ben HobbsJohns Hopkins Univ.Chapter 6The cost of anarchy in self-commitment based electricity marketsDr. Ramteen Sioshansi & Professor Shmuel OrenUniversity of California, BerkeleyDr. Richard O’NeillFERCChapter 7Market power & market monitoring Dr. Parviz AdibAPXDr. David HurlbutNational Renewable Energy Laboratory Chapter 8 Demand participation in restructured marketsDr. Jay ZarnikauFrontier AssociatesPart Three: Capacity, resource adequacy and investmentChapter 9 Resource adequacy: Alternate perspectives and divergent paths Dr. Parviz Adib APXDr. Eric SchubertBP Energy CompanyProf. Shmuel OrenUniversity of California, BerkeleyChapter 10The evolution of PJM’s capacity marketDr. Joseph E. BowringPJM Interconnection LLCChapter 11Resource adequacy & efficient infrastructure investment: Evidence from Australia’s National Electricity Market Dr. Alan MoranInstitute of Public Affairs, Melbourne, AustraliaBenjamin S. SkinnerTRUenergy, Melbourne, AustraliaPart Four: Market design issuesChapter 12 Promoting renewable energy: Lessons learned from 20 years of experimentationProfessor Reinhard HaasVienna University of Technology, AustriaProfessor Dr. Niels I. MeyerTechnical University of DenmarkAnne HeldFraunhofer Institute for Systems & Innovation Research, Karlsruhe, GermanyDr. Dominique FinonCentre International de Recherche pour l’Environnement et le Développement, FranceProfessor Dr. Arturo LorenzoniIEFE, Bocconi University, ItalyDr. Ryan WiserLawrence Berkeley National Lab, Berkeley, CAKen-ichiro NishioCentral Research Institute of Electric Power Industry, Tokyo, JapanChapter 13 Distributed generation and the regulation of electricity networks Dierk BauknechtOeko-Institut - Institute for Applied EcologyProfessor Gert BrunekreeftJacobs University BremenChapter 14Global climate change and the electric power industry Professor Andrew FordWashington State UniversityChapter 15Reform of the reforms in Brazil: Problems and solutionsProfessor João Lizardo R. H. de AraujoDirector General of CEPELAgnes Maria de Aragão da Costa, Tiago B. Correia Ministry of Energy, BrazilandDr. Elbia MeloDirector, Chamber for Electricity Trading, BrazilIndex

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