Electricity Cost Modeling Calculations

Electricity Cost Modeling Calculation: Regulations, Technology, and the Role of Renewable Energy, 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 on market structure and the increase in international regulations, the book includes cubic cost modeling cases and updated literature reviews for deeper research. Other sections cover more advanced quantitative methods such as load forecasting, updated rate designs, and the marginal cost of electricity in the United States. Includes applications will help reduce greenhouse gas emissions, thus making the reference relevant for today’s power markets.

This book gives today’s engineers a practical guide on the latest techniques in electricity pricing and applications for today’s markets.

• Provides readers with updated, international regulations and the role of renewable energy sources
• Bridges the gap between foundational concepts and advanced quantitative aspects, including updated practical case studies
• Helps readers understand the appropriate rate/tariff structure for 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)