Pricing in Competitive Electricity Markets

1. Front Matter

   Pages i-1

   PDF

2. Overview

   1. Front Matter

      Pages 3-3

      PDF

   2. Pricing Retail Electricity: Making Money Selling a Commodity

      • Kelly Eakin, Ahmad Faruqui

      Pages 5-31

3. Industry Restructuring and its Pricing Implications

   1. Front Matter

      Pages 33-33

      PDF

   2. Pricing and Revenue Management

      • Robert G. Cross

      Pages 35-37

   3. The Role Of Price In The Restructured Electricity Market

      • Leonard Hyman

      Pages 39-46

   4. Competitive Infrastructure: As An Enabler of Market-Based Pricing

      • Eric P. Cody

      Pages 47-64

   5. Competitive Rates — A Break from the Past?

      • John Neufeld

      Pages 65-81

4. New Issues

   1. Front Matter

      Pages 83-83

      PDF

   2. Anticipating Competitor Responses in Retail Electricity Price Design

      • Ken Seiden, Ahmad Faruqui

      Pages 85-101

   3. Understanding Latent Market Power in the Electricity Pool of England and Wales

      • Derek W. Bunn, Christopher Day, Kiriakos Vlahos

      Pages 103-125

   4. Market Design and Price Behavior in Restructured Electricity Markets: An International Comparison

      • Frank A. Wolak

      Pages 127-152

   5. The Effect Of Technology on Energy Pricing In A Competitive Energy Market

      • Chris King

      Pages 153-162

5. Risk Management in Volatile Markets

   1. Front Matter

      Pages 163-163

      PDF

   2. Managing Total Corporate Electricity/Energy Market Risks

      • Alex Henney, Greg Keers

      Pages 165-182

   3. Managing Weather Risk in Energy Pricing...A Consumer Oriented, Value Added, Energy Service

      • Duncan P. MacArthur

      Pages 183-189

   4. An Econometric Study of Weather’s Effect on Prices

      • Scott P. Martello

      Pages 191-196

   5. Electric Market Simulation

      • Lance S. Muckelroy

      Pages 197-209

   6. Energy Derivatives and Price Risk Management

      • James Read, Art Altman

      Pages 211-247

   7. Statistical Approaches to Electricity Price Forecasting

      • J. Stuart McMenamin, Frank A. Monforte

      Pages 249-263

Electricity markets are being deregulated or face new regulatory frameworks. In such changing markets, new pricing strategies will need to consider such factors as cost, value of service and pricing by objective. Pricing in Competitive Electricity Markets introduces a new family of pricing concepts, methodologies, models, tools and databases focused on market-based pricing. This book reviews important theoretical pricing issues as well as practical pricing applications for changing electricity markets.

• Electricity Markets
• communication
• electricity
• simulation
• tables

• Science and Technology Development Division, EPRI, Retail and Power Markets Area, Palo Alto, USA

  Ahmad Faruqui

• Christensen Associates, Madison, USA

  Kelly Eakin

Policies and ethics