Spot Pricing of Electricity
By:Fred C. Schweppe,Michael C. Caramanis,Richard D. Tabors,Roger E. Bohn
Published on 2013-03-07 by Springer Science & Business Media
There is a need for fundamental changes in the ways society views electric energy. Electric energy must be treated as a commodity which can be bought, sold, and traded, taking into account its time-and space-varying values and costs. This book presents a complete framework for the establishment of such an energy marketplace. The framework is based on the use of spot prices. In general terms: o An hourly spot price (in dollars per kilowatt hour) reflects the operating and capital costs of generating, transmitting and distributing electric energy. It varies each hour and from place to place. o The spot price based energy marketplace involves a variety of utility-customer transactions (ranging from hourly varying prices to long-term, multiple-year contracts), all of which are based in a consistent manner on hourly spot prices. These transactions may include customers selling to, as well as buying from, the utility. The basic theory and practical implementation issues associated with a spot price based energy marketplace have been developed and discussed through a number of different reports, theses, and papers. Each addresses only a part of the total picture, and often with a somewhat different notation and terminology (which has evolved in parallel with our growing experience). This book was xvii xviii Preface written to serve as a single, integrated sourcebook on the theory and imple mentation of a spot price based energy marketplace.
This Book was ranked at 32 by Google Books for keyword Gas/Electricity.
Book ID of Spot Pricing of Electricity's Books is QZ8ACAAAQBAJ, Book which was written byFred C. Schweppe,Michael C. Caramanis,Richard D. Tabors,Roger E. Bohnhave ETAG "jAK4I6nag5M"
Book which was published by Springer Science & Business Media since 2013-03-07 have ISBNs, ISBN 13 Code is 9781461316831 and ISBN 10 Code is 1461316839
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