TY - GEN AU - Stoft, Steven TI - Power system economics: designing markets for electricity SN - 9780471150404 AV - HD9685.A2 S76 2002 PY - 2002/// CY - Piscataway, NJ, New York PB - Wiley-Interscience KW - Electric utilities KW - Economic aspects KW - Elektrik hizmetleri KW - Ekonomik yönleri KW - Electric power KW - Elektrik gücü N1 - Includes bibliographical references (p. [455]-459) and index; Pt. 1.Power Market Fundamentals --; 1-1.Why Deregulate? --; 1-2.What to Deregulate --; 1-3.Pricing Power, Energy, and Capacity --; 1-4.Power Supply and Demand --; 1-5.What Is Competition? --; 1-6.Marginal Cost in a Power Market --; 1-7.Market Structure --; 1-8.Market Architecture --; 1-9.Designing and Testing Market Rules --; Pt. 2.Reliability, Price Spikes, and Investment --; 2-1.Reliability and Investment Policy --; 2-2.Price. Spikes Recover Fixed Costs --; 2-3 Reliability and Generation --; 2-4.Limiting the Price Spikes --; 2-5.Value-of-Lost-Load Pricing --; 2-6.Operating-Reserve Pricing --; 2-7.Market Dynamics and the Profit Function --; 2-8.Requirements for Installed Capacity --; 2-9.Inter-System Competition for Reliability --; 2-10.unsolved Problems --; Pt. 3.Market Architecture --; 3-1.Introduction --; 3-2.Two-Settlement System --; 3-3.Day-Ahead Market Designs --; 3-4.Ancillary Services --; 3-5.Day-Ahead Market in Theory --; 3-6.Real-Time Market in Theory --; 3-7.Day-Ahead Market in Practice --; 3-8.Real-Time Market in Practice --; 3-9.New Unit-Commitment Problem --; 3-10.Market for Operating Reserves --; Pt. 4.Market Power --; 4-1.Defining Market Power --; 4-2.Exercising Market Power --; 4-3.Modeling Market Power --; 4-4.Designing to Reduce Market Power --; 4-5.Predicting Market Power --; 4-6.Monitoring Market Power --; Pt. 5.Locational Pricing --; 5-1.Power Transmission and Losses --; 5-2.Physical Transmission Limits --; 5-3.Congestion Pricing Fundamentals --; 5-4.Congestion Pricing Methods --; 5-5.Congestion Pricing Fallacies --; 5-6.Refunds and Taxes --; 5-7.Pricing Losses on Lines --; 5-8.Pricing Losses at Nodes --; 5-9.Transmission Rights ER -