Electricity Pricing in TransitionAhmad Faruqui, Kelly Eakin 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
Profiling the Critical Role of the New Pricing Organization | xxvii |
Pricing Generation Supplier Coordination Obligations The New Service of the Investor Owned Electric Delivery Service Company | 15 |
Restructuring the Electric Enterprise Simulating the Evolution of the Electric Power Industry with Intelligent Adaptive Agents | 23 |
Electricity Restructuring in Practice | 47 |
Challenges in Designing Default Retail Electric Service What Regulated Retail Services Should Be Available Following Restructuring | 63 |
Energy Markets and Capacity Values How Complex Should Pricing Be? | 83 |
How to Make Power Markets Competitive | 95 |
Is MarketBased Pricing a Form of Price Discrimination? | 109 |
Negawatt Pricing Why Now is the Time in Competitive Electricity Markets | 187 |
Innovative Retail Pricing A Pacific Northwest Case Study | 203 |
SelfDesigned Electric Products | 217 |
The California Electricity Manifesto Choices Made and Opportunities Lost | 227 |
Californias Electricity Crisis Whats Going On Whos to Blame and What to Do | 241 |
Empirical Evidence of Strategic Bidding in the California ISO Realtime Market | 263 |
Energy Modeling Forum Conference Retail Participation in Competitive Power Markets | 279 |
MarketBased US Electricity Prices A MultiModel Evaluation | 293 |
Use of Market Research in a Competitive Environment | 119 |
PriceResponsive Electric Demand A National Necessity Not An Option | 141 |
PriceResponsive Load Among MassMarket Customers | 161 |
RTF Customer Demand Response Empirical Evidence on How Much Can You Expect | 177 |
The Essential Role of Earnings Sharing in the Design of Successful PerformanceBased Regulation Programs | 311 |
How Transmission Affects Market Power in Reserve Services | 325 |
RealTime Pricing and Demand Side Participation in Restructured Electricity Market | 341 |