| Description |
1 online resource (xiii, 392 pages) : illustrations, charts. |
| Physical Medium |
polychrome |
| Description |
text file |
| Series |
IET energy engineering series ; 124
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|
IET energy engineering series ; 124.
|
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Intro; Contents; Foreword; Preface; Part I: How we arrived at where we are?; 1. Market developments; 1.1 Industry in transition; 1.2 Impact of developments; 1.3 Emission targets; 1.4 Unbundling; 1.5 Implementing generation competition; 1.6 Rationale for market development; 1.7 Establishing competition; 1.8 Facilitating demand side involvement; 1.9 Establishing the optimum level of generation capacity; 1.10 Plant mix; 1.11 Regulatory response; 1.12 Electricity market reform the United Kingdom; 1.13 Irish I-SEM; 1.14 Lessons learnt; 1.15 Conclusions; 2. Market technical challenges. |
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2.1 Introduction2.2 Emission reduction and plant mix; 2.3 Demand prediction and reserve; 2.4 Intermittency and curtailment; 2.5 Renewable capacity contribution; 2.6 Impact on conventional generation; 2.7 System inertia and frequency control; 2.8 Impact of electric vehicles on system; 2.9 Distribution challenges; 2.10 Interconnection and loop flows; 2.11 The implication to networks; 2.12 Conclusions; 3. Impact of developments on market players; 3.1 Introduction; 3.2 Impact on generation utilisation; 3.3 The impact on generation companies; 3.4 Active distribution networks. |
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3.5 Transmission utilisation3.6 Low carbon generation funding; 3.7 Impact on consumers of subsidies; 3.8 Total subsidy costs 2030; 3.9 Impact on technology type; 3.10 Security of supply; 3.11 Conclusions; Part II: Review of low carbon generation technology options; 4. Emissions and renewable generation; 4.1 Progress on global emission reduction; 4.2 Impact of managing intermittency on generation emissions; 4.3 Modelling operation with intermittency; 4.4 Impact on generation loading; 4.5 Curtailment of renewable output; 4.6 Evaluating wind installations; 4.7 Biomass; 4.8 Waste to energy. |
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4.9 Solar4.10 Displacing coal with gas; 4.11 Economic comparisons; 4.12 Optimal mix of low carbon generation; 4.13 Conclusions; 5. Embedded generation issues; 5.1 Cause of growth; 5.2 Network charges; 5.3 Impact on network management; 5.4 Industrial cogeneration complex; 5.5 Micro-CHP; 5.6 Diesel generation emissions; 5.7 Economic comparison of large-scale vs embedded; 5.8 EU perspective; 5.9 Distribution security; 5.10 Conclusions; 6. Nuclear option; 6.1 The case for nuclear; 6.2 Nuclear generation in China; 6.3 Large-scale nuclear costs; 6.4 Consumer costs of nuclear. |
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6.5 Operating environment of nuclear6.6 Small modular nuclear; 6.7 Nuclear fusion; 6.8 Prospects for nuclear; 6.9 Optimal plant mix; 6.10 Conclusions; 7. Carbon capture and storage; 7.1 The process; 7.2 Design options; 7.3 CCS economics; 7.4 Operational schemes; 7.5 The case for CCS; 7.6 Conclusions; Part III: How are the changes being managed within a market environment?; 8. Wholesale markets; 8.1 Introduction; 8.2 Market challenges; 8.3 Renewable support schemes; 8.4 Small-scale subsidies; 8.5 Market performance improvement; 8.6 Single-buyer models; 8.7 A model for 2030. |
| Summary |
This book describes recent developments in the power and energy markets that are driving major changes in the generation mix, network requirements and customer engagement. The industry now faces new challenges associated with global warming and escalating demand from the developing countries such as China and India. The effect of government interventions to manage changes and to meet emission targets has resulted in an industry that is neither a free market nor centrally coordinated and lacks strategic direction. The uncertainty has resulted in a dearth of investment in generation and unprecedented low margins of spare capacity. This book provides an analysis of the changes and quantifies their impact. It reviews strategic decisions in the management of changes in the sector and aims to identify the optimal way forward to meet the triple objectives of security, affordability and sustainability with low emissions. It focuses on the economic aspects of initiatives to provide insight into their interaction. It will also provide insight into the opportunities in the sector to the many new potential players. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Energy industries -- Economic aspects.
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Energy industries -- Economic aspects. |
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Energy industries. |
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Energy industries -- Environmental aspects.
|
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Energy industries -- Environmental aspects. |
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Electric power systems -- Economic aspects.
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Electric power systems -- Economic aspects. |
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Electric power systems. |
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Electric power systems -- Management.
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Electric power systems -- Management. |
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Electric power production -- Economic aspects.
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Electric power production -- Economic aspects. |
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Electric power production. |
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Electric power production -- Management.
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Electric power production -- Management. |
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Power resources -- Economic aspects.
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Power resources -- Economic aspects. |
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Power resources. |
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Power resources -- Environmental aspects.
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Power resources -- Environmental aspects. |
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Consumers' preferences.
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Consumers' preferences. |
| Genre/Form |
Electronic books.
|
| Other Form: |
Print version: Murray, Barrie. Power market transformation. London : The Institute of Engineering and Technology, 2018 1785614819 9781785614811 (OCoLC)1012521882 |
| ISBN |
9781785614828 (electronic book) |
|
1785614827 (electronic book) |
|
1785614819 |
|
9781785614811 |
