Electricity Markets: Investment, Performance and Analysis

The impact of deregulation on the theory and practice of investment appraisal is addressed in this comprehensive treatment of the restructuring of the electricity supply industry. Demonstrating that the classical approach to generation investment appraisal is no longer valid, a new approach is developed using three economic models to represent differing market conditions. Highlighting the impact on the organisation of the utilities and their suppliers, Electricity Markets offers essential advice for survival in the deregulated environment worldwide. Features include:Examination of the alternative market structures and their mechanismsMethods for investment appraisal and market simulation to support the assessment of market strategies by generators, distributors and suppliersUse of game theory to predict market behaviour and competitive interactionCoverage of the analytical and technical aspects of grid deregulation plus a look ahead to the long term productivity and structure of the industryDiscussion of the regulatory framework and its limitations in improving efficiency and encouraging optimum levels of investmentThis timely book will enlighten a broad audience ranging from utility managers and suppliers involved in deregulation to consultants and academics concerned with managing change.

Spis treści:
A Review of Market Structures and Mechanisms.
Generation Investment Appraisal.
Transmission Investment Appraisal.
The Impact on Utility Operations.
The Changing Market for Facility Providers.
The Market and the Future.

Okładka tylna:
The impact of deregulation on the theory and practice of investment appraisal is addressed in this comprehensive treatment of the restructuring of the electricity supply industry. Demonstrating that the classical approach to generation investment appraisal is no longer valid, a new approach is developed using three economic models to represent differ ing market conditions. Highlighting the impact on the organisation of the utilities and their suppliers, Electricity Markets offers essential advice for survival in the deregulated environment worldwide. Features include:Examination of the alternative market structures and their mechanismsMethods for investment appraisal and market simulation to support the assessment of market strategies by generators, distributors and suppliersUse of game theory to predict market behaviour and competitive interactionCoverage of the analytical and technical aspects of grid deregulation plus a look ahead to the long term productivity and structure of the industryDiscussion of the regulatory framework and its limitations in improving efficiency and encouraging optimum levels of investmentThis timely book will enlighten a broad audience ranging from utility managers and suppliers involved in deregulation to consultants and academics concerned with managing change.