Electricity market reforms: economics and policy challenges
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Heidelberg [u.a.]
Springer
2011
|
| Edition: | 1. Aufl. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Titeländerung: Restructuring Electricity Markets |
| Physical Description: | XVI, 252 S. 30 schw.-w. Ill., 20 schw.-w. Tab. 235 mm x 155 mm |
| ISBN: | 9781441956118 |
Staff View
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| 100 | 1 | |a Belyaev, Lev S. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Electricity market reforms |b economics and policy challenges |c Lev S. Belyaev |
| 250 | |a 1. Aufl. | ||
| 264 | 1 | |a Heidelberg [u.a.] |b Springer |c 2011 | |
| 300 | |a XVI, 252 S. |b 30 schw.-w. Ill., 20 schw.-w. Tab. |c 235 mm x 155 mm | ||
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| 500 | |a Titeländerung: Restructuring Electricity Markets | ||
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Record in the Search Index
| _version_ | 1804143580794585088 |
|---|---|
| adam_text | IMAGE 1
VII
CONTENTS
1* *INTRODUCTION*
.................................................................................................
1
2* *ELECTRIC*POWER*SYSTEMS,*THEIR*
PROPERTIES,*AND*SPECIFIC*FEATURES* .......... * 7
2.1 GENERAL DEFINITIONS AND CLASSIFICATION OF EPSS
.................................. 7
2.2
BENEFITS OF CREATING AND INTERCONNECTING EPSS
...................................
9
2.3 PROPERTIES OF EPSS
................................................................................
15
2.4
ELECTRIC POWER INDUSTRY IN PLANNED AND MARKET ECONOMIES ...............
23
3* *ELECTRIC*
POWER*INDUSTRY*
IN*THE*CONTEXT*OF*MICROECONOMICS* ................... 31 3.1 BASIC
NOTIONS OF MICROECONOMICS
....................................................... 31
3.1.1
PRODUCTION COST
........................................................................
34
3.1.2
THE FIRM S COSTS IN THE SHORT RUN
........................................... 35
3.1.3 MARGINAL COSTS AND THE SUPPLY CURVE OF THE FIRM ..................
36 3.1.4
THE FIRM S COSTS IN THE LONG RUN
........................................... 39
3.2 TYPES OF MARKETS FOR COMMODITIES, RESOURCES, AND SERVICES
............. 41 3.2.1
MARKETS WITH PERFECT COMPETITION
........................................... 43
3.2.2
MONOPOLY MARKET
.................................................................... 45
3.2.3
OLIGOPOLY
.................................................................................
47
4* *MODELS
*OF*ELECTRICITY
*MARKET*ORGANIZATION* ............................................. * 51
4.1 BASIC MODELS OF ELECTRICITY MARKET ORGANIZATION
............................... 51
4.1.1
MODEL 1-REGULATED NATURAL MONOPOLY ................................. 51
4.1.2
MODEL 2-SINGLE BUYER
........................................................... 54
4.1.3
MODEL 3-COMPETITION IN THE WHOLESALE MARKET .................... 56
4.1.4 MODEL 4-COMPETITION IN THE WHOLESALE AND RETAIL MARKETS
................................................................... 59
4.2 COMPARISON OF MODELS: CRITERIA, FACTORS, COMPETITION, AND REGULATION
.....................................................................................
61
4.2.1
POSSIBILITIES FOR CREATION OF STIMULI TO INCREASE EFFICIENCY OF
ELECTRICITY PRODUCTION UNDER T
ARIFF REGULATION
......................................................................
65
4.2.2 QUALITATIVE ANALYSIS AND COMPARISON OF MODELS ....................
67 4.3
FLAWS OF THE COMPETITIVE ELECTRICITY MARKET
....................................... 72
IMAGE 2
VIII VIII
5* *SHORT-RUN*PRODUCTION*COSTS*AND*ELECTRICITY*MARKETS*
.......................... 77 5.1 RELATIONSHIP BETWEEN SHORT-RUN
(YEARLY) AND HOURLY (INSTANTANEOUS) COSTS OF POWER PLANTS AND EPS
GENERATION SPHERE
..............................................................................
77
5.1.1
MATHEMATICAL EXPRESSION OF LINKS BETWEEN SHORT-RUN AND HOURLY COSTS
.................................................. 78
5.2 SPOT ELECTRICITY MARKETS: PITFALLS IN THEIR ORGANIZATION
................... 83
5.3 SHORT-RUN COSTS OF POWER PLANTS
....................................................... 88
5.3.1
GENERAL CONDITIONS, DEPENDENCES, AND ASSUMPTIONS ............ 89 5.3.2
SHORT-RUN COSTS OF HPPS
....................................................... 94
5.3.3
SHORT-RUN COSTS OF NPPS
....................................................... 95
5.3.4
SHORT-RUN COSTS OF CPPS ON FOSSIL FUEL ...............................
96
5.3.5
SHORT-RUN COSTS OF CGPPS
.................................................... 101
5.3.6
COMPARISON OF SHORT-RUN COSTS OF POWER PLANTS WITH COSTS OF TYPICAL
FIRMS ............................................... 105
5.4
SHORT-RUN COSTS OF GENERATION COMPANIES AND PRICE FORMATION IN THE
WHOLESALE ELECTRICITY MARKET
................................. 107
5.4.1 SHORT-RUN COSTS OF VICS
....................................................... 108
5.4.2 VIC COSTS AS APPLIED TO THE EUROPEAN SECTION OF RUSSIA S UPS
..........................................................................
111
5.4.3 COSTS OF PGCS AND WHOLESALE PRICES IN
THE COMPETITIVE MARKET
......................................................... 115
5.4.4 ABOUT MARKET OF LONG-TERM CONTRACTS
................................. 122
6* *EPS*EXPANSION*UNDER*
DIFFERENT*MARKET*MODELS* ................................... 127
6.1 FINANCING MECHANISMS FOR CONSTRUCTION OF POWER PLANTS
................. 127 6.2
MODELS OF PRICE FORMATION AND THEIR ANALYSIS
................................. 137
6.3 GENERATION COSTS IN THE LONG RUN
..................................................... 149
6.3.1
LONG-RUN COSTS OF POWER PLANTS
........................................... 150
6.3.2
LONG-RUN COSTS OF VIC S GENERATION SPHERE ........................ 151
6.3.3 LONG-RUN COSTS OF PGCS
....................................................... 153
6.4
PRICE BARRIER FOR NEW POWER PLANTS IN THE COMPETITIVE MARKET ....... 155
6.4.1
INITIAL PRINCIPLES, CONDITIONS, AND ASSUMPTIONS .................... 156
6.4.2 COMPARISON OF COSTS OF OPERATING AND NEW POWER PLANTS
...........................................................................
156
6.4.3 PRICE BARRIER IN THE LONG RUN
................................................ 158
6.5
SUBSTANTIATION OF THE EFFICIENCY OF INTERSYSTEM AND INTERSTATE ELECTRIC
TIES UNDER DIFFERENT MODELS
OF MARKET ORGANIZATION
......................................................................
163
6.5.1 THE SITUATION UNDER REGULATED AND COMPETITIVE ELECTRICITY MARKETS
................................................................. 164
6.5.2
BENEFITS OR LOSSES DUE TO ELECTRICITY EXPORT .........................
167
6.5.3
POSSIBILITIES FOR REALIZATION OF CAPACITY EFFECT OF INTERCONNECTING
POWER SYSTEMS ......................................... 168
CONTENTS
IMAGE 3
IX IX
6.5.4 DIFFICULTIES IN SUBSTANTIATING FINANCIAL EFFICIENCY OF INTERSTATE
TIES UNDER COMPETITIVE MARKET ........................ 173
7* *WORLDWIDE*EXPERIENCE*
IN*ELECTRIC*POWER*INDUSTRY*RESTRUCTURING* ...... 177 7.1 POWER INDUSTRY
RESTRUCTURING IN THE USA AND CANADA ...................... 178 7.1.1
THE START OF THE REFORM IN THE USA
....................................... 178
7.1.2
ENERGY CRISIS IN CALIFORNIA
.................................................... 179
7.1.3
REFORM OUTCOME
.................................................................... 180
7.1.4
EXPANSION OF GENERATION CAPACITIES
...................................... 183
7.1.5
CANADA
....................................................................................
184
7.2
POSITIVE EXAMPLES OF MARKETS WITH REGULATED PRICES
....................... 185 7.2.1
CHINA
......................................................................................
186
7.2.2
INDIA
.......................................................................................
187
7.2.3
SOUTH KOREA
............................................................................
188
7.2.4 FRANCE
.....................................................................................
189
7.2.5
JAPAN
.......................................................................................
190
7.3 EXPERIENCE OF IMPLEMENTING THE COMPETITIVE ELECTRICITY
MARKETS
..............................................................................................
191
7.3.1 BRAZIL
......................................................................................
192
7.3.2
ARGENTINA
................................................................................
193
7.3.3 CHILE
.......................................................................................
194
7.3.4
GREAT BRITAIN
...........................................................................
194
7.3.5
SCANDINAVIAN COUNTRIES
.......................................................... 197
7.3.6 OTHER
WESTERN EUROPEAN COUNTRIES ........................................ 198
7.3.7 AUSTRALIA
.................................................................................
198
8* *POWER*
INDUSTRY*REFORMS*
IN*RUSSIA* ..........................................................
203
8.1 THE REFORM OF THE 1990S
................................................................... 203
8.2
FURTHER RESTRUCTURING WITH TRANSITION TO THE COMPETITIVE
MARKET
................................................................................................
208
8.3 FORECAST FOR THE YEARS 2010-2020
...................................................... 215
9* *CONCLUSION:*MAIN*RESULTS
*AND*DIRECTIONS*FOR*FURTHER*RESEARCH* ......... 223
9.1 RELATIVELY NEW RESULTS OBTAINED IN THE BOOK
.................................. 223
9.2
PRACTICAL EXPERIENCE OF POWER INDUSTRY RESTRUCTURING
...................... 227 9.3
ANALYSIS OF INITIAL PRINCIPLES (ARGUMENTS, POSTULATES) OF THE
COMPETITIVE ELECTRICITY MARKET CONCEPTIONS
............................... 232
9.4 GENERAL CONCLUSIONS
..........................................................................
234
9.5
DIRECTIONS FOR FURTHER STUDIES
............................................................ 235
APPENDIX*A
* *DERIVATION*OF
*EXPRESSIONS*FOR*THE*INVESTMENT*
COMPONENT*OF*ELECTRICITY*PRICE*(TARIFF)*
................................ 237
A.1 COMPETITIVE MARKET (MECHANISM 3 OF FINANCING)
............................ 237
CONTENTS
IMAGE 4
X X
A.2 REGULATED MONOPOLY WITH SELF-FINANCING (MECHANISM 1 OF FINANCING)
.....................................................................................
239
A.3 REGULATED MONOPOLY BORROWING CREDITS AND SINGLE-BUYER MARKET
(FINANCING MECHANISM 2)
..................................................... 240
REFERENCES
*
........................................................................................................
243
INDEX
*
.................................................................................................................
249
CONTENTS
|
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| indexdate | 2024-07-09T22:49:56Z |
| institution | BVB |
| isbn | 9781441956118 |
| language | English |
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| owner | DE-2070s DE-1043 |
| owner_facet | DE-2070s DE-1043 |
| physical | XVI, 252 S. 30 schw.-w. Ill., 20 schw.-w. Tab. 235 mm x 155 mm |
| publishDate | 2011 |
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| spelling | Belyaev, Lev S. Verfasser aut Electricity market reforms economics and policy challenges Lev S. Belyaev 1. Aufl. Heidelberg [u.a.] Springer 2011 XVI, 252 S. 30 schw.-w. Ill., 20 schw.-w. Tab. 235 mm x 155 mm txt rdacontent n rdamedia nc rdacarrier Titeländerung: Restructuring Electricity Markets Elektrizitätsmarkt (DE-588)4328181-3 gnd rswk-swf Elektrizitätswirtschaft (DE-588)4014228-0 gnd rswk-swf Reform (DE-588)4115716-3 gnd rswk-swf Elektrizitätswirtschaft (DE-588)4014228-0 s Elektrizitätsmarkt (DE-588)4328181-3 s Reform (DE-588)4115716-3 s DE-604 SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020790146&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Belyaev, Lev S. Electricity market reforms economics and policy challenges Elektrizitätsmarkt (DE-588)4328181-3 gnd Elektrizitätswirtschaft (DE-588)4014228-0 gnd Reform (DE-588)4115716-3 gnd |
| subject_GND | (DE-588)4328181-3 (DE-588)4014228-0 (DE-588)4115716-3 |
| title | Electricity market reforms economics and policy challenges |
| title_auth | Electricity market reforms economics and policy challenges |
| title_exact_search | Electricity market reforms economics and policy challenges |
| title_full | Electricity market reforms economics and policy challenges Lev S. Belyaev |
| title_fullStr | Electricity market reforms economics and policy challenges Lev S. Belyaev |
| title_full_unstemmed | Electricity market reforms economics and policy challenges Lev S. Belyaev |
| title_short | Electricity market reforms |
| title_sort | electricity market reforms economics and policy challenges |
| title_sub | economics and policy challenges |
| topic | Elektrizitätsmarkt (DE-588)4328181-3 gnd Elektrizitätswirtschaft (DE-588)4014228-0 gnd Reform (DE-588)4115716-3 gnd |
| topic_facet | Elektrizitätsmarkt Elektrizitätswirtschaft Reform |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020790146&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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