Electricity Cost Modeling Calculations (eBook)

Electricity Cost Modeling Calculation: Regulations, Technology, and the Role of Renewable Energy, Second Edition delivers an updated view on pricing models, regulation, technology and the role renewable energy is starting to take in electricity. Starting with fundamental concepts on market structure and the increase in international regulations, the book includes cubic cost modeling cases and updated literature reviews for deeper research. Other sections cover more advanced quantitative methods such as load forecasting, updated rate designs, and the marginal cost of electricity in the United States. Includes applications will help reduce greenhouse gas emissions, thus making the reference relevant for today's power markets.

This book gives today's engineers a practical guide on the latest techniques in electricity pricing and applications for today's markets.

• Provides readers with updated, international regulations and the role of renewable energy sources
• Bridges the gap between foundational concepts and advanced quantitative aspects, including updated practical case studies
• Helps readers understand the appropriate rate/tariff structure for efficient use of electricity and renewable options

Monica Greer is currently a Senior Quantitative Analyst based in Kentucky, USA. Her role includes forecasting market shares for appliances, performing analysis and deriving price elasticities for clients. Previously, she was a Senior Business Consultant and Economist, and a Senior Economist for the Louisville Gas and Electric Company, managing impacts of various carbon-related policies on customer demand and performed load research and analysis. Monica is also currently an Adjunct Faculty member of the Department of Economics at Bellarmine University in Kentucky and taught previously at Jefferson Community College, University of Kentucky, and Indiana University. Monica earned a PhD in Economics from the University of Kentucky, a MA in Economics from Indiana University, and a BBA in Finance from the University of Kentucky. She was awarded in the University of Kentucky Honors Program, has published two books, both with Elsevier, and published several journal articles and provided presentations.

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Reducing greenhouse gases and increasing the use of renewable energy continue to be critical goals for the power industry and electrical engineers to promote energy cost reductions. Engineers and researchers must keep up to date with the evolution of the power system sector, new energy regulations, and how different pricing techniques apply in today's market. Electricity Cost Modeling Calculations, Second Edition delivers an updated view on pricing models, regulation, technology and the role renewable energy is starting to take in electricity. Starting with fundamental concepts relating to market structure, an increase in international regulations is added to expand the engineer's knowledge. Cubic cost modeling and new modeling cases are included along with updated literature reviews for deeper research. The reference then extends into more advanced quantitative methods such as updated rate designs, and a new chapter is included on the marginal cost pricing of electricity in the United States with applications to reduce greenhouse gas emissions, making the reference relevant for today's power markets. This book provides engineers with a practical guide on the latest techniques in electricity pricing and applications for today's markets. Provides updates on international regulations and the role of renewable energy sources Presents foundational concepts and advanced quantitative aspects including updated practical case studies Discusses the appropriate rate/tariff structure for more efficient use of electricity and renewable options