Transmission Network Investment in Liberalized Power Markets

This book provides a systematic overview of transmission network investment in liberalized power markets. Recent government policies to increase the share of intermittent renewable power generation and other technological innovations present new theoretical as well as practical challenges for transmission investments. Written by experts with a background in both economics and engineering, the book examines the economic and technical fundamentals of regulated and merchant transmission investment, and includes case studies of transmission investment in a number of countries.

The book is divided into four parts: Part 1 introduces the basic economics and engineering of transmission network investment, while Part 2 discusses merchant investment in the transmission network. Part 3 then examines transmission investment coordination and smart grids, and lastly, Part 4 describes practical experiences of transmission network investment in power market in various countries.

• Electricity Networks
• Liberalized Power Markets
• Network Investment
• Transmission Network
• Renewable Energy
• Pure Merchant Investment
• Smart Grid
• Transmission Investment

• KTH Royal Institute of Technology, Stockholm, Sweden

  Mohammad Reza Hesamzadeh

• Centro de Investigación y Docencia Económicas (CIDE), Mexico City, Mexico

  Juan Rosellón

• Boston University, Boston, USA

  Ingo Vogelsang

Mohammad Reza Hesamzadeh received his Docent (Readership) from KTH Royal Insitute of Technology, Sweden, and his PhD from Swinburne University of Technology, Australia, in 2013 and 2010, respectively. He was a Post-Doctoral Fellow at KTH in 2010-2011 where he is currently an Associate Professor. He is also a Faculty Affiliate at Program on Energy and Sustainable Development (PESD), Stanford University and Research Affiliate at German Institute for Economic Research (DIW Berlin). Dr Hesamzadeh is a member of IAEE, informs and a Senior member of IEEE. He has published one textbook and numerous papers on electricity market design and analysis. He also served as editor of IEEE Transactions on Power Systems. Dr. Hesamzadeh has been providing advice and consulting services on different energy market issues to both government and private sectors over the last several years.

Ingo Vogelsang is a Professor Emeritus of Economics at BostonUniversity, USA. He holds a doctorate in Economics from the University of Heidelberg, Germany, and taught Economics at the University of Bonn before joining Boston University in 1981. He has published sixteen books and numerous articles in the areas of public utility regulation and deregulation, and privatization of public enterprises. He is an associate editor of Information Economics and Policy and on the editorial board of five other journals. His main interests are pricing and competition issues of network industries. 

Juan Rosellón is Professor at the Department of Economics of the Center for Research and Teaching in Economics (CIDE), Mexico, as well as Research Associate at the German Institute for Economic Research (DIW Berlin), Germany. He is also Non-Resident Fellow at both the Center for Energy Studies (CES), Rice University, USA, and the Center for Energy Regulation and Economic Development (CREED), Universidad Panamericana, Mexico. Rosellón was a Board Member (2014-2018) of the Mexican Electricity ISO (CENACE), and is currently Co-Editor of Economics of Energy and Environmental Policy and member of the Editorial Board of The Energy Journal and the Review of Network Economics. He is an expert on economic regulation of energy networks. He has gained wide recognition for his research, receiving the Marie-Curie IIF Fellowship (European Union), the 4th Reimut Jochimsen Prize (German Central Bank), and the Repsol-YPF-Harvard-Kennedy-School Fellowship. In Spring 2017, he held the Mexico Studies Chair at the Price School of Public Policy, University of Southern California, USA.

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