|
Showing 1 - 4 of
4 matches in All Departments
This book provides a systematic overview of transmission network
investment in liberalized power markets. Recent government policies
to increase the share of intermittent renewable power generation
and other technological innovations present new theoretical as well
as practical challenges for transmission investments. Written by
experts with a background in both economics and engineering, the
book examines the economic and technical fundamentals of regulated
and merchant transmission investment, and includes case studies of
transmission investment in a number of countries. The book is
divided into four parts: Part 1 introduces the basic economics and
engineering of transmission network investment, while Part 2
discusses merchant investment in the transmission network. Part 3
then examines transmission investment coordination and smart grids,
and lastly, Part 4 describes practical experiences of transmission
network investment in power market in various countries.
This book provides a systematic overview of transmission network
investment in liberalized power markets. Recent government policies
to increase the share of intermittent renewable power generation
and other technological innovations present new theoretical as well
as practical challenges for transmission investments. Written by
experts with a background in both economics and engineering, the
book examines the economic and technical fundamentals of regulated
and merchant transmission investment, and includes case studies of
transmission investment in a number of countries. The book is
divided into four parts: Part 1 introduces the basic economics and
engineering of transmission network investment, while Part 2
discusses merchant investment in the transmission network. Part 3
then examines transmission investment coordination and smart grids,
and lastly, Part 4 describes practical experiences of transmission
network investment in power market in various countries.
Around the world, there are a number of policies encouraging
penetration of wind generation in the electricity industry. The
proposed large increase in the penetration of wind generation has
raised concerns about the continued security and reliability of the
operation of the network. Together with the uncertainty associated
to the generation of wind energy, the demand for balancing services
is increasing. Under these windy scenarios, it might be more
efficient to use preventive actions in the spot market rather than
doing corrective actions in the market for balancing services. This
book aims at showing the advantages of this new paradigm of the
organization of the electricity market. With this purpose, an
integrated model of the electricity market was built on the
optimization GAMS software and run for different environments and
configurations of the grid. Comparisons are made at the end of this
document in order to point out the superiority of this new approach
over the traditional corrective model.
It is widely recognized that wholesale electricity markets tend to
be prone to the exercise of market power. The exercise of market
power has antisocial impacts in the liberalised electricity
markets. It results in inefficient short-term dispatch outcomes,
and affects the efficiency of longer-term generation investment
decisions. And thus, it results in power price rises and
substantial wealth transfers between electricity customers and
generators. Electricity market regulators around the world tend to
be interested in mechanisms for predicting marker power ex ante and
detecting and controlling the exercise of market power ex post. The
common indices of ex ante market power indicators however, mostly
disregard transmission constraints, variation of wind farms'
capacities, and dynamics of electric power systems. This paper
carries out a probabilistic study of market power using an index
termed Probabilistic Transmission-Constrained Pivotal Supplier
Indicator (Probabilistic TC-PSI). Two probabilistic approaches (a)
Monte Carlo Method (MCM), and (b) Two-Point Estimation Method
(T-PEM) are employed in the probabilistic study and then compared
to each other.
|
You may like...
Loot
Nadine Gordimer
Paperback
(2)
R398
R330
Discovery Miles 3 300
Loot
Nadine Gordimer
Paperback
(2)
R398
R330
Discovery Miles 3 300
|