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Economics of Electricity

Author

Listed:
  • Cretì,Anna
  • Fontini,Fulvio

Abstract

This comprehensive and up-to-date book explains the economic rationale behind the production, delivery and exchange of electricity. Cretì and Fontini explain why electricity markets exist, outlining the economic principles behind the exchange and supply of power to consumers and firms. They identify the specificities of electricity, as compared to other goods, and furthermore suggest how markets should be optimally designed to produce and deliver electricity effectively and efficiently. The authors also address key issues, including how electricity can be decarbonized. Written in a technical yet accessible style, this book will appeal to readers studying power system economics and the economics of electricity, as well as those more generally interested in energy economics, including engineering and management students looking to gain an understanding of electricity market analysis.

Suggested Citation

  • Cretì,Anna & Fontini,Fulvio, 2019. "Economics of Electricity," Cambridge Books, Cambridge University Press, number 9781316636626, October.
    • Handle: RePEc:cup:cbooks:9781316636626
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    Cited by:

    1. Ayat-allah Bouramdane & Alexis Tantet & Philippe Drobinski, 2020. "Adequacy of Renewable Energy Mixes with Concentrated Solar Power and Photovoltaic in Morocco: Impact of Thermal Storage and Cost," Energies, MDPI, vol. 13(19), pages 1-34, September.
    2. Alberto Biancardi, 2021. "Un nuovo ruolo per consumatori, imprese e finanza nella regolazione dei settori energia-clima," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2021(3), pages 129-158.
    3. Michael G. Pollitt & Karim L. Anaya, 2021. "Competition in Markets for Ancillary Services? The Implications of Rising Distributed Generation," The Energy Journal, , vol. 42(1_suppl), pages 1-2, June.
    4. Alexis Tantet & Philippe Drobinski, 2021. "A Minimal System Cost Minimization Model for Variable Renewable Energy Integration: Application to France and Comparison to Mean-Variance Analysis," Post-Print hal-03350191, HAL.
    5. Cinzia Bonaldo & Fulvio Fontini & Michele Moretto, 2022. "The Energy Transition and the Value of Capacity Remuneration Mechanisms," Working Papers 2022.16, Fondazione Eni Enrico Mattei.
    6. Fokkema, Jan Eise & uit het Broek, Michiel A.J. & Schrotenboer, Albert H. & Land, Martin J. & Van Foreest, Nicky D., 2022. "Seasonal hydrogen storage decisions under constrained electricity distribution capacity," Renewable Energy, Elsevier, vol. 195(C), pages 76-91.
    7. Anaya, Karim L. & Pollitt, Michael G., 2020. "Reactive power procurement: A review of current trends," Applied Energy, Elsevier, vol. 270(C).
    8. Muyi Yang & Yuanying Chi & Kristy Mamaril & Adam Berry & Xunpeng Shi & Liming Zhu, 2020. "Communication-Based Approach for Promoting Energy Consumer Switching: Some Evidence from Ofgem’s Database Trials in the United Kingdom," Energies, MDPI, vol. 13(19), pages 1-16, October.
    9. Ayat-Allah Bouramdane & Alexis Tantet & Philippe Drobinski, 2021. "Utility-Scale PV-Battery versus CSP-Thermal Storage in Morocco: Storage and Cost Effect under Penetration Scenarios," Post-Print hal-03344439, HAL.
    10. Bonaldo, Cinzia & Caporin, Massimiliano & Fontini, Fulvio, 2022. "The relationship between day-ahead and future prices in electricity markets: An empirical analysis on Italy, France, Germany, and Switzerland," Energy Economics, Elsevier, vol. 110(C).
    11. Fianu, Emmanuel Senyo & Ahelegbey, Daniel Felix & Grossi, Luigi, 2022. "Modeling risk contagion in the Italian zonal electricity market," European Journal of Operational Research, Elsevier, vol. 298(2), pages 656-679.
    12. Russo, Marianna & Kraft, Emil & Bertsch, Valentin & Keles, Dogan, 2022. "Short-term risk management of electricity retailers under rising shares of decentralized solar generation," Energy Economics, Elsevier, vol. 109(C).
    13. Beltrami, Filippo & Fontini, Fulvio & Grossi, Luigi, 2021. "The value of carbon emission reduction induced by Renewable Energy Sources in the Italian power market," Ecological Economics, Elsevier, vol. 189(C).
    14. Alexis Tantet & Philippe Drobinski, 2021. "A Minimal System Cost Minimization Model for Variable Renewable Energy Integration: Application to France and Comparison to Mean-Variance Analysis," Energies, MDPI, vol. 14(16), pages 1-38, August.
    15. Pradhan, Ashis Kumar & Rout, Sandhyarani & Khan, Imran Ahmed, 2021. "Does market concentration affect wholesale electricity prices? An analysis of the Indian electricity sector in the COVID-19 pandemic context," Utilities Policy, Elsevier, vol. 73(C).
    16. Fontini, Fulvio & Vargiolu, Tiziano & Zormpas, Dimitrios, 2021. "Investing in electricity production under a reliability options scheme," Journal of Economic Dynamics and Control, Elsevier, vol. 126(C).
    17. Fange, Kari-Anne, 2022. "Electricity retailing and price dispersion," Energy Economics, Elsevier, vol. 106(C).
    18. Filippo Beltrami & Fulvio Fontini & Monica Giulietti & Luigi Grossi, 2022. "The Zonal and Seasonal CO2 Marginal Emissions Factors for the Italian Power Market," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(2), pages 381-411, October.
    19. Andreis, Luisa & Flora, Maria & Fontini, Fulvio & Vargiolu, Tiziano, 2020. "Pricing reliability options under different electricity price regimes," Energy Economics, Elsevier, vol. 87(C).
    20. Abdullah Al-Shereiqi & Amer Al-Hinai & Mohammed Albadi & Rashid Al-Abri, 2021. "Optimal Sizing of Hybrid Wind-Solar Power Systems to Suppress Output Fluctuation," Energies, MDPI, vol. 14(17), pages 1-16, August.
    21. Ayat-allah Bouramdane & Alexis Tantet & Philippe Drobinski, 2021. "Utility-Scale PV-Battery versus CSP-Thermal Storage in Morocco: Storage and Cost Effect under Penetration Scenarios," Energies, MDPI, vol. 14(15), pages 1-43, August.

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