LEADER 05378nam 2200637Ia 450 001 9910777023603321 005 20230120005413.0 010 $a1-281-17218-9 010 $a9786611172183 010 $a0-08-055771-6 035 $a(CKB)1000000000414664 035 $a(EBL)330243 035 $a(OCoLC)298904477 035 $a(SSID)ssj0000071606 035 $a(PQKBManifestationID)11962536 035 $a(PQKBTitleCode)TC0000071606 035 $a(PQKBWorkID)10090132 035 $a(PQKB)10485680 035 $a(MiAaPQ)EBC330243 035 $a(EXLCZ)991000000000414664 100 $a20071108d2008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aCompetitive electricity markets$b[electronic resource] $edesign, implementation, performance /$fedited by Fereidoon P. Sioshansi 210 $aAmsterdam ;$aLondon $cElsevier$d2008 215 $a1 online resource (625 p.) 225 1 $aElsevier Global Energy Policy and Economics Series 300 $aDescription based upon print version of record. 311 $a0-08-047172-2 320 $aIncludes bibliographical references and index. 327 $aFront Cover; Competitive Electricity Markets: Design, Implementation, Performance; Copyright Page; Table of Contents; Contributors; Foreword: Liberalization and Regulation in Electricity Systems - How can We get the Balance Right?; Preface: Competition and Long-Term Dimensions of Electricity Supply; Introduction: Electricity Market Reform - Progress and Remaining Challenges; PART I: Market Reform Evolution; Chapter 1. Reevaluation of Vertical Integration and Unbundling in Restructured Electricity Markets; Summary; 1.1. Introduction; 1.2. The Historical Motives for Vertical Integration 327 $a1.3. The Case Now for Liberalized Markets1.4. The Unsolved Problems of Liberalized Markets; 1.5. The Allocation of Risk Bearing in Liberalized Markets; 1.6. Conclusions; Acknowledgment; References; Chapter 2. Hybrid Electricity Markets: The Problem of Explaining Different Patterns of Restructuring; Summary; 2.1. Introduction; 2.2. The Institutional Setting for Restructuring; 2.3. Hybrid Markets and Patterns of Restructuring; 2.4. Analysis; 2.5. Conclusions; References; Chapter 3. Achieving Electricity Market Integration in Europe; Summary; 3.1. Introduction; 3.2. Contextual Setting 327 $a3.3. European Commission Initiatives3.4. Removing Barriers to Market Harmonization; 3.5. Establishing the "Western" Regional Market; 3.6. Conclusions; PART II: Market Performance, Monitoring and Demand Participation; Chapter 4. Transmission Markets, Congestion Management, and Investment; Summary; 4.1. Introduction; 4.2. Evolution of Transmission Organizations and Structures; 4.3. Approaches for Transmission Markets; 4.4. Congestion Metrics; 4.5. Financial Transmission Rights; 4.6. Transmission Investment; 4.7. Conclusions; 4.8. Acknowledgment; References 327 $aChapter 5. The Design of US Wholesale Energy and Ancillary Service Auction Markets: Theory and PracticeSummary; 5.1. Introduction; 5.2. The Development of Wholesale Energy Auction Market Designs; 5.3. The Day-Ahead Market; 5.4. The Reliability Unit Commitment; 5.5. Real-Time Market; 5.6. The Revenue Sufficiency Guarantee; 5.7. Pricing and Settlement of Marginal Congestion and Losses; 5.8. Market Power Monitoring and Mitigation; 5.9. Other Topics in ISO Market Design and Implementation; 5.10. Extensions of the Market Design; 5.11. Conclusions 327 $a5A. Appendix: Mathematical Formulation of the Auction ExamplesAcknowledgment; References; Chapter 6. The Cost of Anarchy in Self-Commitment-Based Electricity Markets; Summary; 6.1. Introduction; 6.2. Centralized versus Decentralized Markets; 6.3. Comparison of Centrally and Self-Committed Markets; 6.4. Conclusions; 6A. Appendix; References; Chapter 7. Market Power and Market Monitoring; Summary; 7.1. Introduction; 7.2. Market Power in Electricity Markets; 7.3. Market monitoring; 7.4. Conclusions; Acknowledgment; 7A. Appendix; References; Chapter 8. Demand Participation in Restructured Markets 327 $aSummary 330 $aAfter 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent "reform of the reforms.? This volume describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable ener 410 0$aElsevier Global Energy Policy and Economics Series 606 $aElectric utilities$xManagement 606 $aElectric power$xMarketing 606 $aCompetition 615 0$aElectric utilities$xManagement. 615 0$aElectric power$xMarketing. 615 0$aCompetition. 676 $a333.7932 701 $aSioshansi$b Fereidoon P$g(Fereidoon Perry)$01469768 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910777023603321 996 $aCompetitive electricity markets$93804719 997 $aUNINA