Get the latest on rapidly evolving global electricity markets
direct from the scholars and thought leaders who are shaping
reform. In this volume, dozens of world-class experts from diverse
regions provide a comprehensive assessment of the relevant issues
in today s electricity markets.
Amid a seething backdrop of rising energy prices, concerns about
environmental degradation, and the introduction of distributed
sources and smart grids, increasingly stringent demands are being
placed on the electric power sector to provide a more reliable,
efficient delivery infrastructure, and more rational,
cost-reflective prices. This book maps out the electric industry s
new paradigms, challenges and approaches, providing invaluable
global perspective on this host of new and pressing issues being
investigated by research institutions worldwide. Companies engaged
in the power sector s extensive value chain including utilities,
generation, transmission & distribution companies, retailers,
suppliers, regulators, market designers, and the investment &
financial rating community will benefit from gaining a more nuanced
understanding of the impacts of key market design and restructuring
choices. How can problems be avoided? Why do some restructured
markets appear to function better than others? Which technological
implementations represent the best investments? Which regulatory
mechanisms will best support these new technologies? What lessons
can be learned from experiences in Norway, Australia, Texas, or the
U.K.? These questions and many more are undertaken by the brightest
minds in the industry in this one comprehensive, cutting-edge
resource.
Features a unique global perspective from more than 40 recognized
experts and scholars around the world, offering opportunities to
compare and contrast a wide range of market structuresAnalyzes how
the implementation of existing and developing market designs
impacts real-world issues such as pricing and reliabilityExplains
the latest thinking on timely issues such as current market reform
proposals, restructuring, liberalization, privatization, capacity
and energy markets, distributed and renewable energy integration,
competitive generation and retail markets, and disaggregated vs.
vertically integrated systems"
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