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"ECONOMIC POWER"
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The Economics of Electricity Markets
<p>With the transition to liberalized electricity markets in many countries, the shift to more environmentally sustainable forms of power generation and increasing penetration of electric vehicles and smart appliances, a fundamental understanding of the economic principles underpinning the electricity industry is vital. Using clarity and precision, the authors successfully explain economic theory of all liberalized electricity market types from a cross-disciplinary engineering and policy perspective. No prior engineering knowledge or economics expertise is assumed in introducing key ideas such as nodal pricing, optimal dispatch and efficient pricing or in extending those models to areas including investment, risk management and the handling of contingencies.</p> <p>Key features:</p> <ul> <li>Comprehensively covers the principles of all liberalized electricity market types, including the US, Europe, New Zealand and Australia.</li> <li>Provides up to date coverage of research and policy issues, including design of financial transmission rights, modeling of market power, problems of regional pricing, and design of distribution pricing to facilitate Smart Grid.</li> <li>Spans introductory material to cutting-edge thinking on risk-management and short-run dispatch.</li> <li>Supports independent learning and teaching with worked examples and problems, enabling the reader to test and further deepen their understanding, whilst also promoting their insight and intuition.</li> <li>Solutions to problems and figures are hosted on a companion website. </li> </ul> <p>This ground-breaking text is an indispensable resource for the next generation of engineers, economists and policy-makers in or preparing to enter the electricity sector. Graduate students in electrical engineering and economics will benefit from the breadth of material and detailed, economically precise presentation.</p>
eBook
Strike the Hammer
On July 24, 1964, chaos erupted in Rochester, New York.
Strike the Hammer examines the unrest-rebellion by the
city's Black community, rampant police brutality-that would
radically change the trajectory of the Civil Rights movement. After
overcoming a violent response by State Police, the fight for
justice, in an upstate town rooted in black power movements, was
reborn. That resurgence owed much to years of organizing and
resistance in the community.
Laura Warren Hill examines Rochester's long Civil Rights history
and, drawing extensively on oral accounts of the northern, urban
community, offers rich and detailed stories of the area's protest
tradition. Augmenting oral testimonies with records from the NAACP,
SCLC, and the local FIGHT, Strike the Hammer paints a
compelling picture of the foundations for the movement.
Now, especially, this story of struggle for justice and
resistance to inequality resonates. Hill leads us to consider the
social, political, and economic environment more than fifty years
ago and how that founding generation of activists left its mark on
present-day Rochester.
eBook
Political power and economic policy : theory, analysis, and empirical applications
\"This book analyzes the links between political economics, governance structures and the distribution of political power in economic policy making. The book theoretically explains and empirically quantifies these interactions. The analysis includes both public good policies and redistributive policies. Part I of the book presents the conceptual foundations of political-economic bargaining and interest group analysis. After presenting the underlying theory, Part II of the book examines ideology, prescription and political power coefficients; Part III analyzes a number of specific structures; and Part IV presents a framework for political econometrics with a number of empirical applications and testable hypotheses. In all four parts of the book, four analytical dimensions of public policy are distinguished: governance structures, political economy, mechanism design and incidence\"--Provided by publisher.
Book
Integrated life-cycle assessment of electricity-supply scenarios confirms global environmental benefit of low-carbon technologies
Decarbonization of electricity generation can support climate-change mitigation and presents an opportunity to address pollution resulting from fossil-fuel combustion. Generally, renewable technologies require higher initial investments in infrastructure than fossil-based power systems. To assess the tradeoffs of increased up-front emissions and reduced operational emissions, we present, to our knowledge, the first global, integrated life-cycle assessment (LCA) of long-term, wide-scale implementation of electricity generation from renewable sources (i.e., photovoltaic and solar thermal, wind, and hydropower) and of carbon dioxide capture and storage for fossil power generation. We compare emissions causing particulate matter exposure, freshwater ecotoxicity, freshwater eutrophication, and climate change for the climate-change-mitigation (BLUE Map) and business-as-usual (Baseline) scenarios of the International Energy Agency up to 2050. We use a vintage stock model to conduct an LCA of newly installed capacity year-by-year for each region, thus accounting for changes in the energy mix used to manufacture future power plants. Under the Baseline scenario, emissions of air and water pollutants more than double whereas the low-carbon technologies introduced in the BLUE Map scenario allow a doubling of electricity supply while stabilizing or even reducing pollution. Material requirements per unit generation for low-carbon technologies can be higher than for conventional fossil generation: 11–40 times more copper for photovoltaic systems and 6–14 times more iron for wind power plants. However, only two years of current global copper and one year of iron production will suffice to build a low-carbon energy system capable of supplying the world's electricity needs in 2050.
Significance Life-cycle assessments commonly used to analyze the environmental costs and benefits of climate-mitigation options are usually static in nature and address individual power plants. Our paper presents, to our knowledge, the first life-cycle assessment of the large-scale implementation of climate-mitigation technologies, addressing the feedback of the electricity system onto itself and using scenario-consistent assumptions of technical improvements in key energy and material production technologies.
Journal Article
The economics of electricity markets
\"The book covers the basic modelling of electricity markets, including the impact of uncertainty, an integral part of generation investment decisions and transmission cost-benefit analysis\"-- Provided by publisher.
Book
Contested powers
In the global North the commoditization of creativity and knowledge under the banner of a creative economy is being posed as the post-industrial answer to dependency on labour and natural resources. Not only does it promise a more stable and sustainable future, but an economy focused on intellectual property is more environmentally friendly, so it is suggested.
Contested Powers argues that the fixes being offered by this model are bluffs; development as witnessed in Latin American energy politics and governance remains hindered by a global division of labour and nature that puts the capacity for technological advancement in private hands. The authors call for a multi-layered understanding of sovereignty, arguing that it holds the key to undermining rigid accounts of the relationship between carbon and democracy, energy and development, and energy and political expression. Furthermore, a critical focus on energy politics is crucial to wider debates on development and sustainability.
Contested Powers is essential reading for those wondering how energy resources are converted into political power and why we still value the energy we take from our surroundings more than the means of its extraction.
eBook
Hydro, wind and solar power as a base for a 100% renewable energy supply for South and Central America
Power systems for South and Central America based on 100% renewable energy (RE) in the year 2030 were calculated for the first time using an hourly resolved energy model. The region was subdivided into 15 sub-regions. Four different scenarios were considered: three according to different high voltage direct current (HVDC) transmission grid development levels (region, country, area-wide) and one integrated scenario that considers water desalination and industrial gas demand supplied by synthetic natural gas via power-to-gas (PtG). RE is not only able to cover 1813 TWh of estimated electricity demand of the area in 2030 but also able to generate the electricity needed to fulfil 3.9 billion m3 of water desalination and 640 TWhLHV of synthetic natural gas demand. Existing hydro dams can be used as virtual batteries for solar and wind electricity storage, diminishing the role of storage technologies. The results for total levelized cost of electricity (LCOE) are decreased from 62 €/MWh for a highly decentralized to 56 €/MWh for a highly centralized grid scenario (currency value of the year 2015). For the integrated scenario, the levelized cost of gas (LCOG) and the levelized cost of water (LCOW) are 95 €/MWhLHV and 0.91 €/m3, respectively. A reduction of 8% in total cost and 5% in electricity generation was achieved when integrating desalination and power-to-gas into the system.
Journal Article