What Is Electricity Deregulation?

This book is a book that systematically studies the competition and management model of the power market from the perspective of economic theory. The content of this book is divided into theoretical analysis and case studies. The theoretical analysis section summarizes the experiences and lessons of deregulation of the power industry in different countries, the differences between competitive and monopoly markets, costs and supply, profits and economic efficiency, capital costs and risks And returns, wholesale electricity markets, power generation investments and user choices. The book especially emphasizes two aspects of the basic principles of the power market and the evaluation of investment projects under the conditions of the power market. The case study section lists the market reform and operation experience of the California, Norway, Spain, and Argentina electric power industries.

Power Economics: Regulation and Deregulation

Price: $ 32.00

This book can be used by electric power supervision and power market professionals. It can be used as a training material and a popular reading material for all kinds of people outside the power industry who are willing to understand the power economy.

Preface to Translation Series of Electric Power Economy and Management

Translator's Foreword

Preface to English Version

Acronyms and symbols

Chapter 1. Electricity Regulation and Deregulation

1.1 Power Industry: Structural Restructuring and Deregulation

1.2 From Monopoly to Market Competition

1.3 Why restructuring and deregulation

1.4 Regulation is still necessary

1.5 What can be learned from international experience

1.5.1 Starting point and motivation for deregulation

1.5.2 Structural changes and system operations

1.5.3 Design of Wholesale Markets and Market Institutions

1.5.4 Retail Competition and Consumer Choice

1.6 Conclusion

Chapter 2 Economics of Electricity

2.1 What is a market

2.1.1 Competitive and non-competitive markets

2.1.2 Market mechanism

2.1.3 Elasticity

2.2 Cost and supply

2.2.1 Economic costs and accounting costs

2.2.2 Total cost, average cost, and marginal cost

2.2.3 Economy of scale and scope

2.3 Profit maximization

2.3.1 What is profit

2.3.2 What is economic efficiency

2.4 Social surplus: consumer surplus and producer surplus

2.5 Market Power and Monopoly

2.5.1 Profit maximization under monopoly conditions

2.5.2 Deadweight loss caused by monopoly

2.5.3 Containment of Monopoly Powers: Regulation and Antitrust Law

Chapter 3 Cost of Capital

3.1 What is the cost of capital

3.2 Net present value

3.2.1 Discount

3.2.2 Net present value

3.2.3 Evaluating cash flow under the net present value rule

3.3 Project evaluation method

3.3.1 Analysis of payback period

3.3.2 Average book value method

3.3.3 IRR

3.4 Risk and reward

3.4.1 Financial instruments

3.4.2 Capital Structure and Capital Cost

Chapter 4 Electricity Regulation

4.1 Basic Theory of Economic Regulation

4.1.1 Regulatory policy parameters

4.1.2 Regulatory process

4.2 Yield Control

4.3 Performance-based return decisions

4.3.1 Sliding Yield

4.3.2 Earning cap

4.3.3 Price Cap

4.3.4 Problems with Incentive Regulation

4.4 Yield Structure

4.4.1 why price controls are needed

4.4.2 Marginal Cost Pricing, Multipart Pricing, and Peak Load Pricing

4.5 Overview of Unified Accounting System

Chapter 5 Competitive Power Market

Chapter 6 California Electricity Market Reform

Chapter 7 Norwegian and Nordic Power Market Reforms

Chapter 8 Reform of the Spanish Electricity Market

Chapter 9 Reform of the Argentine Electricity Market

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