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Author: Habibagahi, Hamid
Publisher:
ISBN:
Category : Peak load
Languages : en
Pages : 22
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Author: Habibagahi, Hamid
Publisher:
ISBN:
Category : Peak load
Languages : en
Pages : 22
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Book Description
Author: Michael A. Crew
Publisher:
ISBN:
Category :
Languages : en
Pages : 156
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ELECTRICITY SUPPLY INDUSTRY, PRICING, PUBLIC SERVICES.
Author: C. Harris
Publisher: Springer
ISBN: 1137370920
Category : Business & Economics
Languages : en
Pages : 265
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Book Description
Peak Load and Capacity Pricing lays out clear pricing strategies for understanding peak load and capacity pricing structures, further cementing electricity's role as an asset class with fixed and variable costs.
Author: Vijayamohanan Pillai N.
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659134760
Category :
Languages : en
Pages : 176
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Book Description
The peak load pricing theory was once a fertile field for analytical exercises. The general result from the traditional theory of peak load pricing charged the off peak consumers marginal operating costs only and the on-peak users marginal operating plus marginal capacity costs, since it is the on-peakers who were assumed to press against capacity. The theoretical refinements have since somehow ceased to attract attention, possibly because the classical framework and the inevitable result have been taken for granted, and the research interest has shifted from theory to empirics. The present work seeks to take issue with the classical conclusion and shows that if the off-peak period output is explicitly expressed in terms of capacity utilization of that period, the result will be an off-peak price including a fraction of the capacity cost in proportion to its significance relative to total utilization. The work also analyzes the implications of the relationship between reliability and rationing cost involved in a power supply system in the framework of the standard inventory analysis, instead of the conventional marginalist approach of welfare economics.
Author: Vijayamohanan Pillai N
Publisher:
ISBN:
Category :
Languages : en
Pages : 56
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Author: Hongzhang Zhang
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 254
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Author: Bridger M. Mitchell
Publisher: HarperTorch
ISBN:
Category : Business & Economics
Languages : en
Pages : 280
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Author: Ebasco Services Incorporated
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 234
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Author: Benoît Lecinq
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Introduction: The purpose of this paper is to study notions of optimal transmission pricing for interconnected power systems. The existing proposals on short-run-marginal-cost (SRMC)-based spot prices reflect the physical use of the lines. This approach is in contrast to the wide variety of approximate methods, such as contract path, which cannot be related to the actual system conditions. However, SRMC approaches are often criticized for not providing any incentives for network expansion. In the context of a deregulated industry, the unbundling of generation and transmission services precisely requires pricing mechanisms that give provision for the former coordination of generation and transmission planning performed by vertically integrated utilities. This should guide the choice of decision makers towards long run approaches. We provide here a brief summary of the theoretical research under way at MIT on optimal pricing mechanisms in a deregulated industry. In an attempt to highlight the similarities and differences between short run and long run marginal cost pricing (SRMC and LRMC), we first briefly review the theory of optimal spot prices, and, next, formulate the corresponding long run approach. Our proposed approach yields a single part tariff pricing for transmission services, i.e. a mechanism of access rates that does not decompose into a fixed entry fee and a usage-dependent component. A three-bus example illustrates numerically the concept of optimal transmission network, where SRMC is equal to LRMC. Finally, our theory of optimal access rates is judged from the regulator's viewpoint: what is the suitable expansion policy? If capacity rights are created and allocated, should the holders of these rights be compensated by the system operator?
Author: Paul R. Kleindorfer
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
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