000			08215nam a2201669 i 4500
001			5264048
003			IEEE
005			20200421114114.0
006			m o d
007			cr |n|||||||||
008			151221s2002 njua ob 001 eng d
020			_a9780470545584 _qelectronic
020			_z9780471150404 _qprint
020			_z0470545585 _qelectronic
024	7		_a10.1109/9780470545584 _2doi
035			_a(CaBNVSL)mat05264048
035			_a(IDAMS)0b000064810c3ee0
040			_aCaBNVSL _beng _erda _cCaBNVSL _dCaBNVSL
050		4	_aHD9685.A2 _bS75 2002eb
082	0	4	_a333.793/23 _222
100	1		_aStoft, Steven, _eauthor.
245	1	0	_aPower system economics : _bdesigning markets for electricity / _cSteven Stoft.
264		1	_aPiscataway, New Jersey : _bIEEE Press, _c2002.
264		2	_a[Piscataqay, New Jersey] : _bIEEE Xplore, _c[2002]
300			_a1 PDF (xxiv, 468 pages) : _billustrations.
336			_atext _2rdacontent
337			_aelectronic _2isbdmedia
338			_aonline resource _2rdacarrier
500			_a"An introduction to the fundamental economics of power market design and analysis"--Back cover.
504			_aIncludes bibliographical references (p. [455]-459) and index.
505	0		_aList of Results and Fallacies. -- Preface. -- Acronyms and Abbreviations. -- Symbols. -- Part 1: Power Market Fundamentals. -- Prologue. -- Why Deregulate? -- What to Deregulate. -- Pricing Power, Energy, and Capacity. -- Power Supply and Demand. -- What Is Competition? -- Marginal Cost in a Power Market. -- Market Structure. -- Market Architecture. -- Designing and Testing Market Rules. -- Part 2: Reliability, Price Spikes and Investment. -- Reliability and Investment Policy. -- Price Spikes Recover Fixed Costs. -- Reliability and Generation. -- Limiting the Price Spikes. -- Value-of-Lost-Load Pricing. -- Operating-Reserve Pricing. -- Market Dynamics and the Profit Function. -- Requirements for Installed Capacity. -- Inter-System Competition for Reliability. -- Unsolved Problems. -- Part 3: Market Architecture. -- Introduction. -- The Two-Settlement System. -- Day-Ahead Market Designs. -- Ancillary Services. -- The Day-Ahead Market in Theory. -- The Real-Time Market in Theory. -- The Day-Ahead Market in Practice. -- The Real-Time Market in Practice. -- The New Unit-Commitment Problem. -- The Market for Operating Reserves. -- Part 4: Market Power. -- Defining Market Power. -- Exercising Market Power. -- Modeling Market Power. -- Designing to Reduce Market Power. -- Predicting Market Power. -- Monitoring Market Power. -- Part 5: Locational Pricing. -- Power Transmission and Losses. -- Physical Transmission Limits. -- Congestion Pricing Fundamentals. -- Congestion Pricing Methods. -- Congestion Pricing Fallacies. -- Refunds and Taxes. -- Pricing Losses on Lines. -- Pricing Losses at Nodes. -- Transmission Rights. -- Glossary. -- References. -- Index.
506	1		_aRestricted to subscribers or individual electronic text purchasers.
520			_aThe first systematic presentation of electricity market design-from the basics to the cutting edge. Unique in its breadth and depth. Using examples and focusing on fundamentals, it clarifies long misunderstood issues-such as why today's markets are inherently unstable. The book reveals for the first time how uncoordinated regulatory and engineering policies cause boom-bust investment swings and provides guidance and tools for fixing broken markets. It also takes a provocative look at the operation of pools and power exchanges. * Part 1 introduces key economic, engineering and market design concepts. * Part 2 links short-run reliability policies with long-run investment problems. * Part 3 examines classic designs for day-ahead and real-time markets. * Part 4 covers market power, and * Part 5 covers locational pricing, transmission right and pricing losses. The non-technical introductions to all chapters allow easy access to the most difficult topics. Steering an independent course between ideological extremes, it provides background material for engineers, economists, regulators and lawyers alike. With nearly 250 figures, tables, side bars, and concisely-stated results and fallacies, the 44 chapters cover such essential topics as auctions, fixed-cost recovery from marginal cost, pricing fallacies, real and reactive power flows, Cournot competition, installed capacity markets, HHIs, the Lerner index and price caps. About the Author Steven Stoft has a Ph.D. in economics (U.C. Berkeley) as well as a background in physics, math, engineering, and astronomy. He spent a year inside FERC and now consults for PJM, California and private generators. Learn more at www.stoft.com.
530			_aAlso available in print.
538			_aMode of access: World Wide Web
588			_aDescription based on PDF viewed 12/21/2015.
650		0	_aElectric utilities _xEconomic aspects.
650		0	_aElectric industries _xEconomic aspects.
650		0	_aElectric power.
650		0	_aElectric utilities.
655		0	_aElectronic books.
695			_aAggregates
695			_aApproximation methods
695			_aBibliographies
695			_aBiological system modeling
695			_aBusiness
695			_aCalculus
695			_aCapacitors
695			_aCapacity planning
695			_aChaos
695			_aChapters
695			_aCities and towns
695			_aCompanies
695			_aComplexity theory
695			_aComputational efficiency
695			_aComputational fluid dynamics
695			_aComputer architecture
695			_aContext
695			_aContracts
695			_aCouplings
695			_aCurrent measurement
695			_aEconomics
695			_aElasticity
695			_aElectricity
695			_aElectromagnetic fields
695			_aEnergy measurement
695			_aEquations
695			_aFace
695			_aFinance
695			_aFluctuations
695			_aFluid flow measurement
695			_aFocusing
695			_aForce
695			_aForward contracts
695			_aFrequency measurement
695			_aFriction
695			_aGames
695			_aGenerators
695			_aGuidelines
695			_aHeart
695			_aHeating
695			_aISO
695			_aIndexes
695			_aInsurance
695			_aInvestments
695			_aIrrigation
695			_aLead
695			_aLimiting
695			_aLoad flow
695			_aLoad modeling
695			_aMIMICs
695			_aMaintenance engineering
695			_aMarine vehicles
695			_aMarketing and sales
695			_aMathematical model
695			_aMathematics
695			_aMeasurement units
695			_aMonitoring
695			_aMonopoly
695			_aOligopoly
695			_aOptimization
695			_aPhysics
695			_aPower demand
695			_aPower markets
695			_aPower measurement
695			_aPower quality
695			_aPower system economics
695			_aPower system reliability
695			_aPower system stability
695			_aPower systems
695			_aPower transmission lines
695			_aPredictive models
695			_aPricing
695			_aProduction
695			_aProfitability
695			_aPropagation losses
695			_aReactive power
695			_aReal time systems
695			_aRegulators
695			_aReliability
695			_aResource management
695			_aSections
695			_aSecurity
695			_aSoftware reliability
695			_aSpinning
695			_aSupply and demand
695			_aSynchronous motors
695			_aTerminology
695			_aTesting
695			_aThermal stability
695			_aTiming
695			_aTransmission line measurements
695			_aUncertainty
695			_aVariable speed drives
695			_aVoltage measurement
695			_aWireless communication
710	2		_aJohn Wiley & Sons, _epublisher.
710	2		_aIEEE Xplore (Online service), _edistributor.
776	0	8	_iPrint version: _z9780471150404
856	4	2	_3Abstract with links to resource _uhttp://ieeexplore.ieee.org/xpl/bkabstractplus.jsp?bkn=5264048
942			_cEBK
999			_c59453 _d59453