Electricity pricing in transition / edited by Ahmad Faruqui and B. Kelly Eakin.

Format:

Book

Contributor:

Faruqui, Ahmad.

Eakin, Kelly.

Series:

Topics in regulatory economics and policy ; 42.

Topics in regulatory economics and policy

Language:

English

Subjects (All):

Electric utilities--Rates--United States.

Electric utilities.

Electric utilities--Rates.

Electric utilities--Deregulation.

United States.

Electric utilities--Deregulation--United States.

Electric utilities--Rates--California.

California.

Electric utilities--Deregulation--California.

Physical Description:

xxviii, 360 pages : illustrations, map ; 24 cm.

Place of Publication:

Boston : Kluwer Academic, [2002]

Summary:

Electricity Pricing In Transition is written to address the new issues facing utilities, retailers, regulators, and customers in the changing electricity market. It is organized into five sections. Section I deals with the new restructured organization that has emerged from yesterday's vertically integrated, regulated monopoly company. Section II deals with issues in competitive pricing. Section III reviews the role of demand response and product design in today's chaotic marketplace. Given the single importance of California's energy crisis and the fact that it will be studied for years to come, Section IV is devoted to studying the lessons learned from this crisis. The final section of the book deals with markets and regulations.

This book will provide practitioners with guidance on how to avoid the major pitfalls in pricing electricity while the market is in transition by drawing upon the insights and lessons learned from the experience of others that are documented in this book.

Contents:

Section I The Restructured Organization

1. Profiling the Critical Role of the New Pricing Organization / Mike O'Sheasy, Robert Camfield 3

2. Pricing Generation Supplier Coordination Obligations: The New Service of the Investor Owned Electric Delivery Service Company / George R. Pleat 19

3. Restructuring the Electric Enterprise: Simulating the Evolution of the Electric Power Industry with Intelligent Adaptive Agents / Massoud Amin 27

4. Electricity Restructuring in Practice / Richard L. Gordon 51

Section II Competitive Pricing

5. Challenges in Designing Default Retail Electric Service: What Regulated Retail Services Should Be Available Following Restructuring / John L. Jurewitz 67

6. Energy Markets and Capacity Values: How Complex Should Pricing Be? / Robert J. Michaels 87

7. How to Make Power Markets Competitive / Samuel A. Van Vactor, Seth A. Blumsack 99

8. Is Market Based Pricing a Form of Price Discrimination? / Kelly Eakin, Ahmad Faruqui 113

9. Use of Market Research in a Competitive Environment / Michael V. Williams, Ziyad A. Awad 123

Section III Demand Response and Product Design

10. Price Responsive Electric Demand: A National Necessity, Not an Option / Romkaew Broehm, Peter Fox-Penner 145

11. Price-Responsive Load Among Mass-Market Customers / Daniel M. Violette 165

12. RTP Customer Demand Response: Empirical Evidence on How Much Can You Expect / Steven D. Braithwait, Mike O'Sheasy 181

13. Negawatt Pricing: Why Now is the Time in Competitive Electricity Markets / Fereidoon P. Sioshansi 191

14. Innovative Retail Pricing: A Pacific Northwest Case Study / Allan Chung, Jeff Lam, William E. Hamilton 207

15. Self-Designed Electricity Products / Robert Camfield, David Glyer, John Kalfayan 221

Section IV The California Experience

16. The California Electricity Manifesto: Choices Made and Opportunities Lost / Carl Danner, James Ratliff, David Teece 231

17. California's Energy Crisis: What's Going On, Who's to Blame and What to Do / Jerry Taylor, Peter VanDoren 245

18. Empirical Evidence of Strategic Bidding in the California ISO Real-Time Market / Anjali Sheffrin 267

19. Energy Modeling Forum Conference: Retail Participation in Competitive Power Markets / Elizabeth Farrow 283

Section V Markets and Regulation

20. Market-Based U.S. Electricity Prices: A Multi-Model Evaluation / Hillard G. Huntington 297

21. The Essential Role of Earnings Sharing in the Design of Successful Performance-Based Regulation Programs / Karl A. McDermott, Carl R. Peterson 315

22. How Transmission Affects Market Power in Reserve Services / Laurence D. Kirsch 329

23. RTP and Demand Side Participation in Restructured Electricity Market / Robert H. Patrick, Frank A. Wolak 345.

Notes:

Includes bibliographical references.

ISBN:

0792376005

OCLC:

50252078