Electricity Economics: Production Functions with Electricity PDF Download
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Author: Zhaoguang Hu
Publisher: Springer Science & Business Media
ISBN: 3642407579
Category : Business & Economics
Languages : en
Pages : 449
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Book Description
Electricity Economics: Production Functions with Electricity studies the production output from analyzing patterns of electricity consumption. Since electricity data can be used to measure scenarios of economic performance due to its accuracy and reliability, it could therefore also be used to help scholars explore new research frontiers that directly and indirectly benefits human society. Our research initially explores a similar pattern to substitute the Cobb–Douglas function with the production function with electricity to track and forecast economic activities. The book systematically introduces the theoretical frameworks and mathematical models of economics from the perspective of electricity consumption. The E-GDP functions are presented for case studies of more than 20 developed and developing countries. These functions also demonstrate substantial similarities between human DNA and production functions with electricity in terms of four major characteristics, namely replication, mutation, uniqueness, and evolution. Furthermore, the book includes extensive data and case studies on the U.S., China, Japan, etc. It is intended for scientists, engineers, financial professionals, policy makers, consultants, and anyone else with a desire to study electricity economics as well as related applications. Dr. Zhaoguang Hu is the vice president and chief energy specialist at the State Grid Energy Research Institute, China. Zheng Hu is a PhD candidate at the Center for Energy and Environmental Policy, University of Delaware, USA.
Author: Zhaoguang Hu
Publisher: Springer Science & Business Media
ISBN: 3642407579
Category : Business & Economics
Languages : en
Pages : 449
Get Book Here
Book Description
Electricity Economics: Production Functions with Electricity studies the production output from analyzing patterns of electricity consumption. Since electricity data can be used to measure scenarios of economic performance due to its accuracy and reliability, it could therefore also be used to help scholars explore new research frontiers that directly and indirectly benefits human society. Our research initially explores a similar pattern to substitute the Cobb–Douglas function with the production function with electricity to track and forecast economic activities. The book systematically introduces the theoretical frameworks and mathematical models of economics from the perspective of electricity consumption. The E-GDP functions are presented for case studies of more than 20 developed and developing countries. These functions also demonstrate substantial similarities between human DNA and production functions with electricity in terms of four major characteristics, namely replication, mutation, uniqueness, and evolution. Furthermore, the book includes extensive data and case studies on the U.S., China, Japan, etc. It is intended for scientists, engineers, financial professionals, policy makers, consultants, and anyone else with a desire to study electricity economics as well as related applications. Dr. Zhaoguang Hu is the vice president and chief energy specialist at the State Grid Energy Research Institute, China. Zheng Hu is a PhD candidate at the Center for Energy and Environmental Policy, University of Delaware, USA.
Author: Tom W. Berrie
Publisher: IET
ISBN: 9780863412820
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
Explores fundamental changes that have taken place worldwide in electricity economics and planning since the publication of the author's initial book on the subject, "Power System Economics", in 1983. It introduces the planning options likely to arise in the 1990s and beyond.
Author: Antonio Estache
Publisher: World Bank Publications
ISBN:
Category : Competition
Languages : en
Pages : 40
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Book Description
Abstract: A decade long experience shows that monitoring the performance of public and private monopolies in South America is proving to be the hard part of the reform process. The operators who control most of the information needed for regulatory purposes have little interest in volunteering their dissemination unless they have an incentive to do so. Estache, Rossi, and Ruzzier argue that, in spite of, and maybe because of, a much weaker information base and governance structure, South America's electricity sector could pursue an approach that relies on performance rankings based on comparative efficiency measures. The authors show that with the rather modest data currently available publicly, such an approach could yield useful results. They provide estimates of efficiency levels in South America's main distribution companies between 1994 and 2000. Moreover, the authors show how relatively simple tests can be used by regulators to check the robustness of their results and strengthen their position at regulatory hearings. This paper"a joint product of the Governance, Regulation, and Finance Division, World Bank Institute, and the Finance, Private Sector, and Infrastructure Unit, Latin America and the Caribbean Region"is part of a larger effort in the institute to increase understanding of infrastructure regulation.
Author: Zhaoguang Hu
Publisher: Springer
ISBN: 3662472988
Category : Business & Economics
Languages : en
Pages : 501
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Book Description
The book focuses on low-carbon issues and China’s economy, which is analyzed from the perspective of electricity economics. It proposes the novel concept of an “economic gene” to reflect certain characteristics of the economy. The gene mapping of China’s economy has been studied based on production functions with electricity. Economic mutations have also been studied with the aim of diagnosing problems in the economy. Two such mutations have occurred in China since 1978, the most recent being in 2012 and no further mutation is expected until 2025. The book describes the inherent quality of China’s economy from 2012 to 2025, and how mechanism reforms would greatly improve marginal representative factor productivity in this period. The agents response equilibrium (ARE) approach to simulate national economy, based on multi-agent technology is proposed. Another cornerstone of the model is the input-output table. Simulated input-output tables from 2011 to 2025 are provided in the book. This book provides recommendations for policy makers and advisors, and is a valuable resource for researchers in the fields of economics, public policies, low-carbon development, electricity and energy. It also provides insights into China’s economic development.
Author: Daniel S. Kirschen
Publisher: John Wiley & Sons
ISBN: 1119309883
Category : Technology & Engineering
Languages : en
Pages : 344
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Book Description
A new edition of the classic text explaining the fundamentals of competitive electricity marketsnow updated to reflect the evolution of these markets and the large scale deployment of generation from renewable energy sources The introduction of competition in the generation and retail of electricity has changed the ways in which power systems function. The design and operation of successful competitive electricity markets requires a sound understanding of both power systems engineering and underlying economic principles of a competitive market. This extensively revised and updated edition of the classic text on power system economics explains the basic economic principles underpinning the design, operation, and planning of modern power systems in a competitive environment. It also discusses the economics of renewable energy sources in electricity markets, the provision of incentives, and the cost of integrating renewables in the grid. Fundamentals of Power System Economics, Second Edition looks at the fundamental concepts of microeconomics, organization, and operation of electricity markets, market participants strategies, operational reliability and ancillary services, network congestion and related LMP and transmission rights, transmission investment, and generation investment. It also expands the chapter on generation investmentsdiscussing capacity mechanisms in more detail and the need for capacity markets aimed at ensuring that enough generation capacity is available when renewable energy sources are not producing due to lack of wind or sun. Retains the highly praised first editions focus and philosophy on the principles of competitive electricity markets and application of basic economics to power system operating and planning Includes an expanded chapter on power system operation that addresses the challenges stemming from the integration of renewable energy sources Addresses the need for additional flexibility and its provision by conventional generation, demand response, and energy storage Discusses the effects of the increased uncertainty on system operation Broadens its coverage of transmission investment and generation investment Supports self-study with end-of-chapter problems and instructors with solutions manual via companion website Fundamentals of Power System Economics, Second Edition is essential reading for graduate and undergraduate students, professors, practicing engineers, as well as all others who want to understand how economics and power system engineering interact.
Author: Rui Castro
Publisher: Springer Nature
ISBN: 3031552512
Category :
Languages : en
Pages : 337
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Book Description
Author: Peter Edward Hart
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Peter Choynowski
Publisher: DIANE Publishing
ISBN: 1437900542
Category : Technology & Engineering
Languages : en
Pages : 26
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Book Description
The measurement of willingness to pay for electricity relies critically on a reliable estimate of the demand for electricity function. Empirical work tends to assume that the demand for electricity has no satiation point. Many electricity demand models assume a constant price elasticity, which implies infinite demand at low prices. This report proposes a plausible functional form for the demand of electricity. The proposed functional form is consistent with two properties of electricity demand functions for households & firms, namely, the negative relationships between price & quantity, & the finiteness of demand at zero price. The report also demonstrates that this functional form of the demand function leads to easily estimable economic benefits of electricity.
Author: Anna Cretì
Publisher: Cambridge University Press
ISBN: 1107185653
Category : Business & Economics
Languages : en
Pages : 369
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Book Description
Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.
Author: Committee on Electricity in Economic Growth
Publisher: National Academies
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
This volume surveys the complex relationships between economic activity and electricity use, showing how trends in the growth of electricity demand may be affected by changes in the economy, and examining the connection between the use of electrotechnologies and productivity. With a mix of historical perspective, technical analysis, and synthesis of econometric findings, the book brings together a summary of the work of leading national experts.
