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2019 | OriginalPaper | Chapter

24. Markets for Electricity Supply

Author : Subhes C. Bhattacharyya

Published in: Energy Economics

Publisher: Springer London

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Abstract

This chapter introduces the key concepts related to the electricity supply industry (such as load duration curve, capacity factor, and load diversity) and provides simple decision-making tools such as merit order dispatch, levelised costs and screening curves used in the traditional electricity system. The chapter also presents the features of the competitive electric power markets and sketches the evolution of the electric power industry in a carbon constrained world.

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Appendix
Available only for authorised users
Footnotes
1
Refer to Kirschen (2004) for more on electricity system economics in the competitive era.
 
2
For a more detailed analysis of the reliability concepts related to the electricity sector and its incorporation in the system analysis, consult Munasinghe (1979).
 
3
Hydro-thermal systems require somewhat more complicated analysis.
 
4
Energy-not-served (ENS) or expected un-served energy is “the expected amount of energy not supplied per year owing to deficiencies in generating capacities and/or shortage in energy supplies” (International Atomic Energy Agency (IAEA) 1984).
 
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Metadata
Title
Markets for Electricity Supply
Author
Subhes C. Bhattacharyya
Copyright Year
2019
Publisher
Springer London
DOI
https://doi.org/10.1007/978-1-4471-7468-4_24

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