Spot Pricing of Electricity
Authors: Schweppe, F.C., Caramanis, M.C., Tabors, R.D., Bohn, R.E.
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- About this book
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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.
- Table of contents (10 chapters)
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Overview
Pages 3-28
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Behavior of Hourly Spot Prices
Pages 31-53
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Energy Marketplace Transactions
Pages 55-80
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Implementation
Pages 81-110
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A Possible Future: Deregulation
Pages 111-128
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Table of contents (10 chapters)
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Bibliographic Information
- Bibliographic Information
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- Book Title
- Spot Pricing of Electricity
- Authors
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- Fred C. Schweppe
- Michael C. Caramanis
- Richard D. Tabors
- Roger E. Bohn
- 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
