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 s...

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Bibliographische Detailangaben

Hauptverfasser:	Schweppe, Fred C. (VerfasserIn), Caramanis, Michael C. (VerfasserIn), Tabors, Richard D. (VerfasserIn), Bohn, Roger E. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	New York, NY Springer US 1988
Ausgabe:	1st ed. 1988
Schriftenreihe:	Power Electronics and Power Systems
Schlagworte:	Industrial Organization Environmental Economics Electrical Engineering Renewable and Green Energy Industrial organization Environmental economics Electrical engineering Renewable energy resources Elektrizitätsversorgung Preisbildung Spotgeschäft Elektrizitätswirtschaft Strompreis Aufsatzsammlung
Online-Zugang:	BTU01 Volltext
Zusammenfassung:	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
Beschreibung:	1 Online-Ressource (XX, 356 p)
ISBN:	9781461316831
DOI:	10.1007/978-1-4613-1683-1