Financial Transmission Rights

Financial Transmission Rights

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Whilst 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. a€œThis is THE BOOK we were all expecting to address all key a€˜Financial Transmission Rightsa€™ 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... RosellA³n. More than a must read: a light house, a map and a survival kit.a€ Jean a€“ Michel Glachant, Director Florence School, Holder Loyola de Palacio Chair, Chief-editor Economics of Energy a Environmental Policy. qIn 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 systemsa€™ managers and users, regulators, students and researchers- who want to understand the new electricity environment and predict its evolution.q Jean Tirole, Toulouse School of Economics and Institute for Industrial Economics (IDEI) Further comments inside.Brunekreeft G (2004) Market-based investment in electricity transmission networks: controllable flow. Utilities Pol ... Utilities Pol 12(4):243a€”251 Knittel C ( 2002) Alternative regulatory methods and firm efficiency: stochastic frontier evidence from the US. electricity industry. ... Electr J l7(8):lla€”26 Lave L, Apt J, Blumsack S (2007a) Deregulation/restructuring part I: reregulation will not fix the problems. Electr Janbsp;...

Title:Financial Transmission Rights
Author:Juan Rosellón, Tarjei Kristiansen
Publisher:Springer Science & Business Media - 2013-03-15


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