Competitive Electricity Markets
Design, Implementation, Performance
- 1st Edition - May 2, 2012
- Latest edition
- Editor: Fereidoon Sioshansi
- Language: English
After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience… Read more
After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms.” Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change.
- Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006
- Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues
- Covers timely topics on the evolution of electricity market liberalization worldwide
Professionals, policy makers/regulators, students, researchers, and investors in the electric power sector, generating companies, distribution companies, manufacturers and suppliers
Foreword
Dr. Michael Pollitt
Judge Business School and EPRG, University of Cambridge
Preface
Professor Wolfgang Pfaffenberger
Jacobs University Bremen
Introduction
Electricity market reform: Progress and remaining challenges
Fereidoon P. Sioshansi
Menlo Energy Economics
Part One: Market reform evolution
Chapter 1
Reevaluation of vertical integration and unbundling
Dr. Hung-po Chao
ISO New England
Prof. Shmuel Oren
University of California, Berkeley
Prof. Robert Wilson
Stanford University
Chapter 2
Hybrid electricity markets and different patterns of restructuring
Dr. Aad F. Correlje and Dr. Laurens De Vries
Delft University of Technology, The Netherlands
Chapter 3
Achieving electricity market integration in Europe
Nigel Cornwall
Cornwall Energy Consulting, UK
Part Two: Market performance, monitoring and demand participation
Chapter 4
Transmission markets, congestion management & investment
Dr. Harry Singh
FERC
Chapter 5
The design of U.S. wholesale energy and ancillary service auction markets: Theory and practice
Dr. Richard O’Neill & Dr. Udi Helman
FERC
Prof. Ben Hobbs
Johns Hopkins Univ.
Chapter 6
The cost of anarchy in self-commitment based electricity markets
Dr. Ramteen Sioshansi & Professor Shmuel Oren
University of California, Berkeley
Dr. Richard O’Neill
FERC
Chapter 7
Market power & market monitoring
Dr. Parviz Adib
APX
Dr. David Hurlbut
National Renewable Energy Laboratory
Chapter 8
Demand participation in restructured markets
Dr. Jay Zarnikau
Frontier Associates
Part Three: Capacity, resource adequacy and investment
Chapter 9
Resource adequacy: Alternate perspectives and divergent paths
Dr. Parviz Adib
APX
Dr. Eric Schubert
BP Energy Company
Prof. Shmuel Oren
University of California, Berkeley
Chapter 10
The evolution of PJM’s capacity market
Dr. Joseph E. Bowring
PJM Interconnection LLC
Chapter 11
Resource adequacy & efficient infrastructure investment: Evidence from Australia’s National Electricity Market
Dr. Alan Moran
Institute of Public Affairs, Melbourne, Australia
Benjamin S. Skinner
TRUenergy, Melbourne, Australia
Part Four: Market design issues
Chapter 12
Promoting renewable energy: Lessons learned from 20 years of experimentation
Professor Reinhard Haas
Vienna University of Technology, Austria
Professor Dr. Niels I. Meyer
Technical University of Denmark
Anne Held
Fraunhofer Institute for Systems & Innovation Research, Karlsruhe, Germany
Dr. Dominique Finon
Centre International de Recherche pour l’Environnement et le Développement, France
Professor Dr. Arturo Lorenzoni
IEFE, Bocconi University, Italy
Dr. Ryan Wiser
Lawrence Berkeley National Lab, Berkeley, CA
Ken-ichiro Nishio
Central Research Institute of Electric Power Industry, Tokyo, Japan
Chapter 13
Distributed generation and the regulation of electricity networks
Dierk Bauknecht
Oeko-Institut - Institute for Applied Ecology
Professor Gert Brunekreeft
Jacobs University Bremen
Chapter 14
Global climate change and the electric power industry
Professor Andrew Ford
Washington State University
Chapter 15
Reform of the reforms in Brazil: Problems and solutions
Professor João Lizardo R. H. de Araujo
Director General of CEPEL
Agnes Maria de Aragão da Costa, Tiago B. Correia
Ministry of Energy, Brazil
and
Dr. Elbia Melo
Director, Chamber for Electricity Trading, Brazil
Index
Dr. Michael Pollitt
Judge Business School and EPRG, University of Cambridge
Preface
Professor Wolfgang Pfaffenberger
Jacobs University Bremen
Introduction
Electricity market reform: Progress and remaining challenges
Fereidoon P. Sioshansi
Menlo Energy Economics
Part One: Market reform evolution
Chapter 1
Reevaluation of vertical integration and unbundling
Dr. Hung-po Chao
ISO New England
Prof. Shmuel Oren
University of California, Berkeley
Prof. Robert Wilson
Stanford University
Chapter 2
Hybrid electricity markets and different patterns of restructuring
Dr. Aad F. Correlje and Dr. Laurens De Vries
Delft University of Technology, The Netherlands
Chapter 3
Achieving electricity market integration in Europe
Nigel Cornwall
Cornwall Energy Consulting, UK
Part Two: Market performance, monitoring and demand participation
Chapter 4
Transmission markets, congestion management & investment
Dr. Harry Singh
FERC
Chapter 5
The design of U.S. wholesale energy and ancillary service auction markets: Theory and practice
Dr. Richard O’Neill & Dr. Udi Helman
FERC
Prof. Ben Hobbs
Johns Hopkins Univ.
Chapter 6
The cost of anarchy in self-commitment based electricity markets
Dr. Ramteen Sioshansi & Professor Shmuel Oren
University of California, Berkeley
Dr. Richard O’Neill
FERC
Chapter 7
Market power & market monitoring
Dr. Parviz Adib
APX
Dr. David Hurlbut
National Renewable Energy Laboratory
Chapter 8
Demand participation in restructured markets
Dr. Jay Zarnikau
Frontier Associates
Part Three: Capacity, resource adequacy and investment
Chapter 9
Resource adequacy: Alternate perspectives and divergent paths
Dr. Parviz Adib
APX
Dr. Eric Schubert
BP Energy Company
Prof. Shmuel Oren
University of California, Berkeley
Chapter 10
The evolution of PJM’s capacity market
Dr. Joseph E. Bowring
PJM Interconnection LLC
Chapter 11
Resource adequacy & efficient infrastructure investment: Evidence from Australia’s National Electricity Market
Dr. Alan Moran
Institute of Public Affairs, Melbourne, Australia
Benjamin S. Skinner
TRUenergy, Melbourne, Australia
Part Four: Market design issues
Chapter 12
Promoting renewable energy: Lessons learned from 20 years of experimentation
Professor Reinhard Haas
Vienna University of Technology, Austria
Professor Dr. Niels I. Meyer
Technical University of Denmark
Anne Held
Fraunhofer Institute for Systems & Innovation Research, Karlsruhe, Germany
Dr. Dominique Finon
Centre International de Recherche pour l’Environnement et le Développement, France
Professor Dr. Arturo Lorenzoni
IEFE, Bocconi University, Italy
Dr. Ryan Wiser
Lawrence Berkeley National Lab, Berkeley, CA
Ken-ichiro Nishio
Central Research Institute of Electric Power Industry, Tokyo, Japan
Chapter 13
Distributed generation and the regulation of electricity networks
Dierk Bauknecht
Oeko-Institut - Institute for Applied Ecology
Professor Gert Brunekreeft
Jacobs University Bremen
Chapter 14
Global climate change and the electric power industry
Professor Andrew Ford
Washington State University
Chapter 15
Reform of the reforms in Brazil: Problems and solutions
Professor João Lizardo R. H. de Araujo
Director General of CEPEL
Agnes Maria de Aragão da Costa, Tiago B. Correia
Ministry of Energy, Brazil
and
Dr. Elbia Melo
Director, Chamber for Electricity Trading, Brazil
Index
- Edition: 1
- Latest edition
- Published: May 2, 2012
- Language: English
FS
Fereidoon Sioshansi
Dr. Fereidoon Sioshansi is President of Menlo Energy Economics, a consulting firm based in San Francisco with over 35 years of experience in the electric power sector working in analysis of energy markets, specializing in the policy, regulatory, technical and environmental aspects of the electric power sector in the US and internationally. His research and professional interests are concentrated in demand and price forecasting, electricity market design, competitive pricing & bidding, integrated resource planning, energy conservation and energy efficiency, economics of global climate change, sustainability, energy security, renewable energy technologies, and comparative performance of competitive electricity markets. Dr. Sioshansi advises major utility clients and government policy makers domestically and internationally on electricity market reform, restructuring and privatization of the electric power sector. He has published numerous reports, books, book chapters and papers in peer-reviewed journals on a wide range of subjects. His professional background includes working at Southern California Edison Co. (SCE), Electric Power Research Institute (EPRI), NERA, and Global Energy Decisions. He is the editor and publisher of EEnergy Informer, a monthly newsletter with international circulation. He is on the Editorial Advisory Board of The Electricity Journal where he is regularly featured in the “Electricity Currents” section. Dr. Sioshansi also serves on the editorial board of Utilities Policy and is a frequent contributor to Energy Policy. Since 2006, He has edited 12 books on related topics with Elsevier.
Affiliations and expertise
President, Menlo Energy Economics, San Francisco, CA, USARead Competitive Electricity Markets on ScienceDirect