Power system economics : designing markets for electricity / Steven Stoft.

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.