Mazer Electric Power Planning for Regulated and Deregulated Markets

1. Auflage 2007
ISBN: 978-0-470-13056-8
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, Band 1, 336 Seiten, E-Book

Reihe: Wiley - IEEE

As the industry environment transforms from a completely regulatedsetting to a broader, deregulated marketplace, new marketparticipants must understand planning and operations of powersystems to effectively participate in markets. This industryoverview provides a description of utility operations andtraditional planning, and then explains asset management,investment analysis, and risk management within the context of amarket environment. Written to provide a broad, working knowledgeof the industry, Electric Power Planning for Regulated andDeregulated Markets:
* Includes descriptions of generation and transmission networkequipment
* Provides an overview of the regulatory framework, system designand systems operations for ensuring reliable delivery of power
* Presents system planning across different time horizons withthe objective of minimizing power production costs
* Explains the principles and architecture of a marketenvironment coupling operational imperatives with financialtransactions
* Addresses approaches of various participants, includingpower producers, retailers, and integrated energy companies towardbidding in day ahead markets, managing risks in forward markets,portfolio development and investment analysis
* Provides numerous examples addressing cost minimization, priceforecasting, contract valuation, portfolio risk measurement andothers
* Examines past news events and explains what went wrong at ThreeMile Island, the Northeast blackout of 2003, and the Californiaenergy crisis
This is an ideal reference for professionals in the public andprivate power service sectors such as engineers, lawyers, systemsspecialists, economists, financial analysts, policy analysts, andapplied mathematicians.

Autoren/Hrsg.

Mazer, Arthur

Inhaltsverzeichnis

Preface.
Acknowledgments.
Figure Citations.
About the Author.
1. Overview.
1.1 The Power Delivery Chain in a Vertically IntegratedUtility.
1.2 The Power Delivery Chain in a Market Environment.
2. Energy, Load, and Generation Technologies.
2.1 Energy, Power, and their Measurements.
2.2 Load.
2.3 Generation Technologies.
3. The Grid.
3.1 Fundamentals: Load, Generation, and Alternating Current.
3.2 Grid Equipment.
3.3 Grid Reliability and Contingency Requirements.
3.4 Grid Confi guration.
3.5 Grid Operations.
3.6 Blackout August 14, 2003.
4. Short-Term Utility Planning.
4.1 Planning and Execution of Dispatch: Day-Ahead PlanningThrough Real-Time Delivery.
4.2 Day-Ahead Demand Forecasting: Load and Ancillary ServiceRequirements.
4.3 Least-Cost Dispatch in a Single Control Area: A SimpleModel.
4.4 A Solution Using Profi t Maximization.
4.5 Least-Cost Dispatch in a Single Control Area with OperatingConstraints.
4.6 Least-Cost Dispatch in a Single Node with Spinning Reserveand Regulation.
4.7 Least-Cost Dispatch in a Network.
4.8 Real Time.
5. Long-Term Utility Planning.
5.1 Project Development.
5.2 The Planning Process.
5.3 Long-Term Load Forecasting.
5.4 A Simplifi ed Look at Generation Capacity Additions.
5.5 Generation Additions and Retirements Within a Single ControlArea.
5.6 Generation Additions and Retirements with Transmission to aSingle Control Area.
5.7 Generation Additions and Retirements and TransmissionAdditions Within a Network.
5.8 Reserve Reuqirements.
6. Midterm Utility Planning.
6.1 Informational Requirements.
6.2 Formulation of the Optimization Problem.
7. A Market Environment.
7.1 Principles and Architecture.
7.2 Short-Term Market Design: Day-Ahead Scheduling ThroughReal-Time Delivery.
7.3 Long-Term Market Design: No Clear Solutions.
7.4 Midterm Market Design.
8. Asset Management in Short-Term Markets.
8.1 Retailers.
8.2 Power Producers.
8.3 Integrated Energy Companies.
9. Investment Analysis: Long-Term Planning in a MarketEnvironment.
9.1 Investment Setting in Utility and Market Environments.
9.2 Project Analysis for a Merchant Plant.
9.3 Power Purchase Agreements (Long-Term Contracts).
10. Risk Management in the Midterm Markets.
10.1 Retailer Risk.
10.2 Power Producer Risk.
10.3 A Quick Risk Primer in Statistics for Risk Management.
10.4 Risk Management in Midterm Markets: Retailers.
10.5 Risk Management in Midterm Markets: Power Producers.
10.6 Risk Management in Midterm Markets: Integrated ElectricitySuppliers.
11. The California Experience.
11.1 Market Fundamentals.
11.2 Short-Term Market Structure: The CALPX, CAISO, and OtherMarket Participants.
11.3 Fatboy, Get Shorty, Ricochet, and Death Star.
11.4 Market Contrast: PJM and California.
Bibliography.
Index.

Über Autor(innen)

Arthur Mazer, PhD, MBA, is Manager of Forward Transactions Planning at Southern California Edison, where he oversees the risk assessment of SCE's power, gas, and customer portfolio, as well as valuation and selection of power and gas contracts. He previously held positions at Electrabel, Progress Energy, and Entergy Power Marketing Corp. Additionally, he was visiting assistant professor at Utah State University and a lecturer at Singapore Polytechnic, both in the Department of Mathematics.