Power Electronics and Power Systems

Spot Pricing of Electricity

Authors: Schweppe, F.C., Caramanis, M.C., Tabors, R.D., Bohn, R.E.

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About this book

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 impleĀ­ mentation of a spot price based energy marketplace.

Table of contents (10 chapters)

  • Overview

    Schweppe, Fred C. (et al.)

    Pages 3-28

  • Behavior of Hourly Spot Prices

    Schweppe, Fred C. (et al.)

    Pages 31-53

  • Energy Marketplace Transactions

    Schweppe, Fred C. (et al.)

    Pages 55-80

  • Implementation

    Schweppe, Fred C. (et al.)

    Pages 81-110

  • A Possible Future: Deregulation

    Schweppe, Fred C. (et al.)

    Pages 111-128

Buy this book

eBook $299.00
price for USA (gross)
  • ISBN 978-1-4613-1683-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $378.00
price for USA
  • ISBN 978-0-89838-260-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $378.00
price for USA
  • ISBN 978-1-4612-8950-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Spot Pricing of Electricity
Authors
Series Title
Power Electronics and Power Systems
Copyright
1988
Publisher
Springer US
Copyright Holder
Kluwer Academic Publishers
eBook ISBN
978-1-4613-1683-1
DOI
10.1007/978-1-4613-1683-1
Hardcover ISBN
978-0-89838-260-0
Softcover ISBN
978-1-4612-8950-0
Series ISSN
2196-3185
Edition Number
1
Number of Pages
XX, 356
Topics