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. aThis is THE BOOK we were all expecting to address all key aFinancial 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):243a251 Knittel C ( 2002) Alternative regulatory methods and firm efficiency: stochastic frontier evidence from the US. electricity industry. ... Electr J l7(8):lla26 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|