Spot Pricing of Electricity

1 Overview.- 1.1 Goal of Book.- 1.2 Three Steps to an Energy Marketplace.- 1.3 How Will Customers Respond?.- 1.4 Energy Marketplace Operation: A Developed Country.- 1.5 Energy Marketplace Operation: A Developing Country.- 1.6 Discussion of Chapter 1.- I: The Energy Marketplace.- Preface to Part I: The Energy Marketplace.- 2 Behavior of Hourly Spot Prices.- 3 Energy Marketplace Transactions.- 4 Implementation.- 5 A Possible Future: Deregulation.- II: Theory of Hourly Spot Prices.- 6 Generation Only.- 7 Generation and Network.- 8 Revenue Reconciliation.- 9 Spot Price Based Rates.- 10 Optimal Investment Conditions.- References.- Annotated Bibliography.- Appendices.- A Power System Analysis and Control.- A.1 Network Flows.- A.2 Local Controllers.- A.3 Mathematical Models for System Dynamics.- A.4 Power System Dynamics.- Further Reading.- Notes.- B Power System Operation.- B.1 Short-Term Load Forecasting.- B.2 System Economics.- B.3 System Security.- B.4 Automatic Generation Control (AGC).- B.5 Interconnected Systems.- Further Reading.- Notes.- C Power System Planning.- C.1 Multiple Attribute Decision Making Under Uncertainty.- C.2 Long Range Load Forecasting Models.- C.3 Production Cost Models.- C.4 Financial Models.- C.5 Generation Expansion Programs.- C.6 Network Expansion Programs.- C.7 Feedback Couplings.- Further Reading.- Notes.- D DC Load Flow.- D.1 General Relationships.- D.2 A Potpourri of Results.- D.3 Three-Bus Example.- Notes.- E Customer Response Model Structures.- E.1 Single Period.- E.2 Multiple Period.- Notes.- F FAPER.- F.1 Basic Concepts.- F.2 FAPER Designs.- F.3 Variations on the Basic Concept.- F.4 Analysis of Multiple FAPER Response.- F.5 Incentives to Install FAPERS.- F.6 Discussion.- G Expected Behavior of Spot Prices.- G.1 Introduction.- G.2 24-HourTrajectories.- G.3 Price Duration Curves.- G.4 Impact of Customer Response on Variable Energy Costs.- H Interchange of Derivative and Expectation Operators.