Electricity Markets

This book reviews electricity markets' impact assessments, developments and emerging trends. Chapter One deals with types of electricity market organizational models and provides an analysis of electricity market models all over the world by presenting their main features, strength and weaknesses. Chapter Two discusses the impact of demand elasticity on electricity market. Chapter Three undertakes an empirical analysis of long-term changes in the rules governing the determination of wholesale electricity spot prices in the NEM, including minimum (floor) and maximum (ceiling) prices, yielding useful findings for the design of new electricity markets and the redesign of existing markets. Chapter Four analyzes the equilibrium in network-constrained electricity markets under three CO2 emission allocation policies.