Spot Pricing of Electricity Hardback
by Fred C. Schweppe, Michael C. Caramanis, Richard D. Tabors, Roger E. Bohn
Part of the Power Electronics and Power Systems series
Hardback
Description
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.
Information
-
Item not Available
- Format:Hardback
- Pages:356 pages, XX, 356 p.
- Publisher:Kluwer Academic Publishers
- Publication Date:30/11/1988
- Category:
- ISBN:9780898382600
Other Formats
- Paperback / softback from £222.59
- PDF from £237.58
Information
-
Item not Available
- Format:Hardback
- Pages:356 pages, XX, 356 p.
- Publisher:Kluwer Academic Publishers
- Publication Date:30/11/1988
- Category:
- ISBN:9780898382600
