Pricing in Competitive Electricity Markets [Paperback]

Electricity markets are being deregulated or face new regulatory frameworks. In such changing markets, new pricing strategies will need to consider such factors as cost, value of service and pricing by objective. Pricing in Competitive Electricity Markets introduces a new family of pricing concepts, methodologies, models, tools and databases focused on market-based pricing. This book reviews important theoretical pricing issues as well as practical pricing applications for changing electricity markets.Electricity markets are being deregulated or face new regulatory frameworks. In such changing markets, new pricing strategies will need to consider such factors as cost, value of service and pricing by objective. Pricing in Competitive Electricity Markets introduces a new family of pricing concepts, methodologies, models, tools and databases focused on market-based pricing. This book reviews important theoretical pricing issues as well as practical pricing applications for changing electricity markets.List of Figures. List of Tables. List of Contributors. Foreword; J.R. Malko. Preface. Section I: Overview. 1. Pricing Retail Electricity: Making Money Selling a Commodity; K. Eakin, A. Faruqui. Section II: Industry Restructuring and Its Pricing Implications. 2. Pricing and Revenue Management; R.G. Cross. 3. The Role of Price in the Restructured Electricity Market; L. Hyman. 4. Competitive Infrastructure: As an Enabler of Market-Based Pricing; E.P. Cody. 5. Competitive Rates: A Break from the Past? J. Neufeld. Section III: New Issues. 6. Anticipating Competitor Responses in Retail Electricity Price Design; K. Seiden, A. Faruqui. 7. Understanding Latent Market Power in the Electricity Pool of England and Wales; D.W. Bunn, et al. 8. Market Design and Price Behavior in Restructured Electricity Markets: An International Comparison; F.A. Wolak. 9. The Effect of Technology on Energy Pricing in a Competitivel.