Electricity Cost Modeling Calculations

Reducing greenhouse gases and increasing the use of renewable energy continues to be a critical goal for the power industry and electrical engineers to promote energy cost reductions. Engineers and researchers must keep up to date with the evolution of the power system sector, new energy regulations, and how different pricing techniques apply in today’s market. Electricity Cost Modeling Calculation, Second Edition: Regulations, Technology, and the role of Renewable Energy delivers an updated view on pricing models, regulation, technology and the role renewable energy is starting to take in electricity. Starting with fundamental concepts on market structure, an increase in international regulations are added to expand the engineer’s knowledge. Cubic cost modeling and new modeling cases are included along with updated literature reviews for deeper research. The reference then extends into more advanced quantitative methods such as load forecasting, updated rate designs, and a new chapter on the marginal cost pricing of electricity in the United States with applications to reduce greenhouse gas emissions, making the reference relevant for today’s power markets. Electricity Cost Modeling Calculation, Second Edition: Regulations, Technology, and the role of Renewable Energy gives today’s engineers a practical guide on the latest techniques in electricity pricing and applications for today’s markets.

• Get updated with international regulations and the role of renewable energy sources
• Bridge between foundational concepts and advanced quantitative aspects including updated practical case studies
• Understand the appropriate rate/tariff structure for more efficient use of electricity and renewable options

Electrical engineers; electricity planners; electricity regulators; electrical engineering researcher

1. Introduction – adding international markets and regulation information
2. The Theory of Natural Monopoly – updating all literature reviews
3. The Electric Markets, Structure, and Regulations – expanding international regulation
4. The Economics (and Econometrics) of Cost Modeling – discussing cubic costs modeling more and adding

Case Study
5. Case Study: Breaking up Bells
6. Cost Models – updating literature and model
7. Case Study: Can Rural Electric Cooperatives Survive in a Restructured U.S. Electric Market? An

Empirical Analysis
8. A Test of Vertical Economies for Non-Vertically Integrated Firms: The Case of Rural Electric

Cooperatives
9. Load Forecasting—The “Demand” for Electricity
10. Efficient Pricing of Electricity – updating rate design
11. Case Study: Marginal Cost Pricing of Electricity in the United States: An Application to the Reduction of Greenhouse Gas Emissions
12. Case Study: The California Debacle (or What Not to Do)