Financial Transmission Rights e-bog

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 FTRSFinancial Hedging using FTRS, andAlternative 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."e;This is THE BOOK we were all expecting to address all key 'Financial Transmission Rights' 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... Rosellon. More than a must read: a light house, a map and a survival kit."e; Jean - Michel Glachant, Director Florence School, Holder Loyola de Palacio Chair, Chief-editor Economics of Energy & Environmental Policy."e;In 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 systems' managers and users, regulators, students and researchers- who want to understand the new electricity environment and predict its evolution."e;Jean Tirole, Toulouse School of Economics and Institute for Industrial Economics (IDEI)Further comments inside.