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Electricity Capacity Markets (Hardcover, New Ed)
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Electricity Capacity Markets (Hardcover, New Ed)
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Initially created as afterthoughts to competitive electricity
markets, capacity markets were intended to enhance system
reliability. They have evolved into massive, highly controversial,
and poorly understood billion-dollar institutions. Electricity
Capacity Markets examines the rationales for creating capacity
markets, how capacity markets work, and how well these markets are
meeting their objectives. This book will appeal to energy experts
and non-experts alike, across a range of disciplines, including
economics, business, engineering, public policy, and law. Capacity
markets are an important and provocative topic on their own, but
they also offer an interesting case study of how well our energy
systems are meeting the needs of our increasingly complex society.
The challenges facing capacity markets - harnessing market forces
for social good, creating networks that manage complexity, and
achieving sustainability - are very much core challenges for our
twenty-first century advanced industrial society.
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