Transcription of Power System Economics - Stoft
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Power System Economics - Stoft
Power System Economics Designing Markets for Electricity Steven Stoft IEEE Press & WILEY-INTERSCIENCE A JOHN WILEY & SONS, INC., PUBLICATION Copyright 2002 by The Institute of Electrical and Electronics Engineers, Inc. ISBN 0-471-15040-1 Contents in BriefList of Results and FallaciesxivPrefacexviiiAcronyms and AbbreviationsxxSymbolsxxiiPart 1. Power Market FundamentalsPrologue2 Why Deregulate?6 What to Deregulate17 Pricing Power , Energy, and Capacity30 Power Supply and Demand40 What Is Competition?49 Marginal Cost in a Power Market60 Market Structure74 Market Architecture82 Designing and Testing Market Rules93 Part 2.
32 PART 1 Power Market Fundamentals 2. Watts per hour has units of watts divided by hours and has no use in the present context. 3. Average revenue per kilowatt hour to ultimate residential consumers was 8.06¢/kWh, according to DOE
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