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Published in:
2015 | OriginalPaper | Chapter
Introduction
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In this book we consider the development of the theory and practice for the pricing of goods delivered by assets that do not run continuously, whether for demand reasons (periodic and/or stochastic) or production reasons (planned periodic cycling and/or technical availability). The focus is on electricity, and much of the analysis can be applied to other goods. The pricing of electricity at the peak is closely bound with the pricing of capacity.