Spot Pricing of Electricity (Hardcover, 1988 ed.)

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."

General

Imprint:	Kluwer Academic Publishers
Country of origin:	United States
Series:	Power Electronics and Power Systems
Release date:	November 1988
First published:	1988
Authors:	Fred C. Schweppe • Michael C. Caramanis • Richard D. Tabors • Roger E. Bohn
Dimensions:	235 x 155 x 22mm (L x W x T)
Format:	Hardcover
Pages:	356
Edition:	1988 ed.
ISBN-13:	978-0-89838-260-0
Categories:	Books > Business & Economics > Business & management > Management & management techniques > Organizational theory & behaviour
LSN:	0-89838-260-2
Barcode:	9780898382600

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