Electricity Cost Modeling Calculations

Electricity Cost Modeling Calculations

Regulations, Technology, and the Role of Renewable Energy

2nd Edition - September 10, 2021

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  • Author: Monica Greer
  • eBook ISBN: 9780128213728
  • Hardcover ISBN: 9780128213650

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Reducing greenhouse gases and increasing the use of renewable energy continue to be critical goals 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 Calculations, Second Edition delivers an updated view on pricing models, regulation, technology and the role renewable energy is starting to take in electricity. Starting with fundamental concepts relating to market structure, an increase in international regulations is 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 updated rate designs, and a new chapter is included 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. This book provides engineers with a practical guide on the latest techniques in electricity pricing and applications for today’s markets.

Key Features

  • Provides updates on international regulations and the role of renewable energy sources
  • Presents foundational concepts and advanced quantitative aspects including updated practical case studies
  • Discusses the appropriate rate/tariff structure for more efficient use of electricity and renewable options


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

Table of Contents

  • 1. Introduction

    2. The Sustainability of a (Natural) Monopoly

    3. State Regulations, Policies, and Updates on States with Retail Choice

    4. The Economics (and Econometrics) of Cost Modeling

    5. Case Study: Breaking up Bells

    6. Cost Modeling: Single- and Multiple-Output Specifications

    7. Case Study: Can Rural Electric Cooperatives Survive in a Restructured U.S. Electric Market? An Empirical Analysis

    8. Case Study: A Test of Vertical Economies for Nonvertically Integrated Firms: The Case of Rural Electric Cooperatives

    9. Renewable Energy Sources and Policies

    10. The Theory of Efficient Prices

Product details

  • No. of pages: 422
  • Language: English
  • Copyright: © Academic Press 2021
  • Published: September 10, 2021
  • Imprint: Academic Press
  • eBook ISBN: 9780128213728
  • Hardcover ISBN: 9780128213650

About the Author

Monica Greer

Monica Greer is a Senior Quantitative Analyst based in Kentucky, United States. Her role includes forecasting market shares for appliances, performing analysis and deriving price elasticities for clients. Previously, she was a Senior Business Consultant and Economist, and a Senior Economist for the Louisville Gas and Electric Company, managing impacts of various carbon-related policies on customer demand and performed load research and analysis. Monica is also currently an Adjunct Faculty member of the Department of Economics at Bellarmine University in Kentucky and taught previously at Jefferson Community College, University of Kentucky, and Indiana University. Monica earned a PhD in economics from the University of Kentucky, an MA in economics from Indiana University, and a BBA in finance from the University of Kentucky. She was awarded into the University of Kentucky Honors Program, has published two books, both with Elsevier, and has published several journal articles and provided presentations.

Affiliations and Expertise

Senior Quantitative Analyst, Kentucky, USA

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