Competition Contracts And Electricity Markets

Competition  Contracts and Electricity Markets PDF
Author: Jean-Michel Glachant
Publisher: Edward Elgar Publishing
ISBN: 184980480X
Size: 62.63 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 312
View: 3177

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This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These include the impact of long-term contracts and vertical integration on effective competition, generation investment in risky markets, and the challenges for competition policy principles. On the one hand, long-term contracts may contribute to lasting generation capability by allowing for a more efficient allocation of risk. On the other hand, they can create conditions for imperfect competition and thus impair short-term efficiency. The contributors – prominent academics and policy experts with inter-disciplinary perspectives – develop fresh theoretical and practical insights on this important concern for current electricity markets. This highly accessible book will strongly appeal to both academic and professional audiences including scholars of industrial, organizational and public sector economics, and competition and antitrust law. It will also be of value to regulatory and antitrust authorities, governmental policymakers, and consultants in electricity law and economics.

Electricity Competition

Electricity Competition PDF
Author: United States. Congress. House. Committee on Commerce. Subcommittee on Energy and Power
Publisher:
ISBN:
Size: 26.82 MB
Format: PDF
Category : Competition
Languages : en
Pages :
View: 7659

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Russian Electricity And Energy Investment Law

Russian Electricity and Energy Investment Law PDF
Author: Anatole Boute
Publisher: BRILL
ISBN: 9004203281
Size: 29.24 MB
Format: PDF, ePub, Mobi
Category : Law
Languages : en
Pages : 804
View: 925

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This book analyzes the regulatory framework that Russia has developed to attract private capital and technology in the modernization of the electricity infrastructure. Comparing Russian and EU electricity law, the book identifies regulatory risks and examines investors’ protection under Russian and international investment law.

Market Building Through Antitrust

Market Building through Antitrust PDF
Author: Adrien de Hauteclocque
Publisher: Edward Elgar Publishing
ISBN: 085793774X
Size: 68.21 MB
Format: PDF, ePub
Category : Technology & Engineering
Languages : en
Pages : 14607
View: 7488

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By mixing legal, political and economic perspectives, this book will appeal to a wide range of readers from academia in law, economics and political science, regulatory and competition authorities, as well as legal and consulting practices and business

Eu Energy Law And Policy

EU Energy Law and Policy PDF
Author: Kim Talus
Publisher: OUP Oxford
ISBN: 0191509868
Size: 23.97 MB
Format: PDF, Kindle
Category : Law
Languages : en
Pages : 375
View: 1145

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A critical overview of European Union energy law and policy, this book takes a law-in-context approach as it examines the development of EU energy law from the 1950s to the present day. It discusses the development of EU energy law; the application of general EU law into energy; the regulation of EU energy markets; international aspects of EU energy law; and policy, sustainability, and energy regulation. Presenting an up-to-date overview of EU energy law and policy and a critical analysis of its sub-areas, the book extends the discussion from electricity and natural gas markets to other areas of energy, including oil. This holistic approach to the subject is then placed within the broader context of the international geopolitical sphere which EU energy law and policy operates, as the author considers the impact of regional and international energy policies and markets on the EU markets and the overall EU policy. He also draws on the wider context and takes into account non-legal factors such as the impact of unconventionals, the rise of the BRICS, and the 'Arab spring'. The book frames EU energy law as a topic that can provoke intellectual, political, and professional discussion about the slowly moving train of economic regulation under the typical pressures and contradictions of countries and the European Union in the global economy.

Competitive Electricity Markets

Competitive Electricity Markets PDF
Author: Wladyslaw Mielczarski
Publisher: Nova Science Pub Incorporated
ISBN:
Size: 45.30 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 207
View: 3012

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Open electricity, competitive electricity markets are characterized by two main features. First, everyone who is able to satisfy technical and financial obligations has access to generation and retail of electrical energy. Second, electrical energy as a product is separated commercially from transmission and distribution as a service. Reforms to the electricity supply industry have been introduced in several countries. This has resulted in the competitive wholesale market. This book is a comprehensive presentation of the competitive electricity markets.

Competitive Electricity Markets And Sustainability

Competitive Electricity Markets and Sustainability PDF
Author: François Lévêque
Publisher: Edward Elgar Publishing
ISBN:
Size: 28.93 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 302
View: 796

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Talks about the opening up of electricity markets to competition, which changed the nature of power generation. This book explores whether or not market forces offer a sustainable future for electricity generation. Focusing on the EU and US liberalised electricity markets, it offers an assessment of the long-term consequences of liberalisation.

Valuation Hedging And Speculation In Competitive Electricity Markets

Valuation  Hedging and Speculation in Competitive Electricity Markets PDF
Author: Petter L. Skantze
Publisher: Springer Science & Business Media
ISBN: 9780792375289
Size: 12.44 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 214
View: 2595

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The challenges facing participants in competitive electricity markets are staggering: high price volatility introduces significant financial risk into an industry accustomed to guaranteed rates of return, while illiquid forward markets prevent effective hedging strategies from being implemented. Valuation, Hedging and Speculation in Competitive Electricity Markets: A Fundamental Approach, examines the unique properties which separate electricity from other traded commodities, including the lack of economical storage, and the impact of a scarce transmission network. The authors trace the sources of uncertainties in the price of electricity to underlying physical and economic processes, and incorporate these into a bid-based model for electricity spot and forward prices. They also illustrate how insufficient market data can be circumvented by using a combination of price and load data in the marking- to-market process. The model is applied to three classes of problems central to the operation of any electric utility or power marketer; valuing generation assets, formulating dynamic hedging strategies for load serving obligations, and pricing transmission contracts and locational spread options. Emphasis is placed on the difference between trades which can be 'booked out' in the forward markets, and those which must be carried through to delivery. Lately, significant attention has been given to the role of regulators in mitigating excessive price levels in electricity markets. The authors conduct a quantitative analysis of the long-term effects of regulatory intervention through the use of price caps. By modeling the dynamic interplay between the observed price levels and the decision to invest in new generation assets, it is shown how such short term fixes can lead to long term deficits in the available generation capacity, and ultimately to market failures and blackouts.