000 05035nam a22004935i 4500
001 978-1-4471-4787-9
003 DE-He213
005 20140220082807.0
007 cr nn 008mamaa
008 130321s2013 xxk| s |||| 0|eng d
020 _a9781447147879
_9978-1-4471-4787-9
024 7 _a10.1007/978-1-4471-4787-9
_2doi
050 4 _aHD9502-9502.5
072 7 _aTH
_2bicssc
072 7 _aKNB
_2bicssc
072 7 _aBUS070040
_2bisacsh
082 0 4 _a333.79
_223
082 0 4 _a338.926
_223
100 1 _aRosellón, Juan.
_eeditor.
245 1 0 _aFinancial Transmission Rights
_h[electronic resource] :
_bAnalysis, Experiences and Prospects /
_cedited by Juan Rosellón, Tarjei Kristiansen.
264 1 _aLondon :
_bSpringer London :
_bImprint: Springer,
_c2013.
300 _aXXX, 418 p. 66 illus., 23 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aLecture Notes in Energy,
_x2195-1284 ;
_v7
505 0 _a1.Financial Transmission Rights: Point-to Point Formulations -- 2.Transmission Pricing -- 3.Point to Point and Flow-based Financial Transmission Rights: Revenue Adequacy and Performance Incentives -- 4.A Joint Energy and Transmission Rights Auction on a Network with Nonlinear Constraints: Design, Pricing and Revenue Adequacy -- 5.Generator Ownership of Financial Transmission Rights and Market Power -- 6.A Merchant Mechanism for Electricity Transmission Expansion -- 7.Mechanisms for the Optimal Expansion of Electricity Transmission Networks -- 8.Long Term Financial Transportation Rights: An Experiment -- 9.FTR Properties: Advantages and Disadvantages -- 10.FTRs and Revenue Adequacy -- 11.Trading FTRs: Real Life Challenges -- 12.Participation and Efficiency in the New York Financial Transmission Rights Markets -- 13.Experience with FTRs and Related Concepts in Australia and New Zealand -- 14.Transmission Rights in the European Market Coupling System: An Analysis of Current Proposals -- 15.Incentives for Transmission Investment in the PJM Electricity Market: FTRs or Regulation (or both?).
520 _aWhilst financial rights have appeared as a successful ingredient in North-American power markets, they have their shortcomings both theoretically and in practice. Financial Transmission Rights: Analysis, Experiences and Prospects present a systematic and comprehensive overview of financial transmission rights (FTRS). Following a general introduction to FTRs, including chapters to explain transmission pricing and the general properties of FTRS, experts in the field provide discussions on wide scope of topics. These include: ·Varying perspectives on FTRS: from electrical engineers to economists, ·Different mathematical formulations of FTRS ·Financial Hedging using FTRS, and ·Alternative solutions to FTRs The detail, expertise and range of content makes Financial Transmission Rights: Analysis, Experiences and Prospect  an essential resource for electricity market specialists both at academic and professional levels. “This is THE BOOK we were all expecting to address all key ‘Financial Transmission Rights’ issues. It is comprehensive and reader friendly. You can pick at will in its menu: more or less theory, a bit of maths or none, empirical review of real cases or numerical simulations of many feasible options. Big names rally there to delight you like: Hogan , Oren, Perez-Arriaga, Smeers, Hobbs and… Rosellón. More than a must read: a light house, a map and a survival kit.”  Jean – Michel Glachant, Director Florence School, Holder Loyola de Palacio Chair, Chief-editor Economics of Energy & Environmental Policy. "In the last two decades, economists have developed a better understanding of the impact of financial rights on risk management, market power and network expansion in electricity markets, while power systems have experimented with such rights. Striking a good balance between academics and practitioners, always at the frontier of the field, written by the best experts, this volume is essential reading for all those- power systems’ managers and users, regulators, students and researchers- who want to understand the new electricity environment and predict its evolution." Jean Tirole, Toulouse School of Economics and Institute for Industrial Economics (IDEI) Further comments inside.
650 0 _aEngineering economy.
650 0 _aIndustrial organization (Economic theory).
650 1 4 _aEnergy.
650 2 4 _aEnergy Policy, Economics and Management.
650 2 4 _aEnergy Economics.
650 2 4 _aIndustrial Organization.
700 1 _aKristiansen, Tarjei.
_eeditor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9781447147862
830 0 _aLecture Notes in Energy,
_x2195-1284 ;
_v7
856 4 0 _uhttp://dx.doi.org/10.1007/978-1-4471-4787-9
912 _aZDB-2-ENE
999 _c94695
_d94695