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Power System Economics: Designing Markets for Electricity
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Bibliographic Detail
Publisher IEEE
Publication date May 28, 2002
Pages 468
Binding Paperback
Book category Adult Non-Fiction
ISBN-13 9780471150404
ISBN-10 0471150401
Dimensions 0.75 by 7.50 by 9.25 in.
Weight 1.85 lbs.
Original list price $95.95
Summaries and Reviews
Amazon.com description: Product Description: The first systematic presentation of electricity market design-from the basics to the cutting edge. Unique in its breadth and depth. Using examples and focusing on fundamentals, it clarifies long misunderstood issues-such as why today's markets are inherently unstable. The book reveals for the first time how uncoordinated regulatory and engineering policies cause boom-bust investment swings and provides guidance and tools for fixing broken markets. It also takes a provocative look at the operation of pools and power exchanges.
* Part 1 introduces key economic, engineering and market design concepts.
* Part 2 links short-run reliability policies with long-run investment problems.
* Part 3 examines classic designs for day-ahead and real-time markets.
* Part 4 covers market power, and
* Part 5 covers locational pricing, transmission right and pricing losses.
The non-technical introductions to all chapters allow easy access to the most difficult topics. Steering an independent course between ideological extremes, it provides background material for engineers, economists, regulators and lawyers alike. With nearly 250 figures, tables, side bars, and concisely-stated results and fallacies, the 44 chapters cover such essential topics as auctions, fixed-cost recovery from marginal cost, pricing fallacies, real and reactive power flows, Cournot competition, installed capacity markets, HHIs, the Lerner index and price caps.

About the Author
Steven Stoft has a Ph.D. in economics (U.C. Berkeley) as well as a background in physics, math, engineering, and astronomy. He spent a year inside FERC and now consults for PJM, California and private generators. Learn more at www.stoft.com.

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Paperback
Book cover for 9780471150404
 
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from IEEE (May 28, 2002)
9780471150404 | details & prices | 468 pages | 7.50 × 9.25 × 0.75 in. | 1.85 lbs | List price $95.95
About: The first systematic presentation of electricity market design-from the basics to the cutting edge.

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