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Digest of the handbook on electricity markets : China edition
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Brussels : European Union, 2022, Florence School of Regulation
; [Florence School of Regulation]; [Electricity]
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GLACHANT, Jean-Michel, ROSSETTO, Nicolò (editor/s), Digest of the handbook on electricity markets : China edition, Brussels : European Union, 2022, Florence School of Regulation, , [Florence School of Regulation], [Electricity] - https://hdl.handle.net/1814/75021
Abstract
Experience with electricity markets across the world is more than 30 years long. The time has come to assess the results of the profound overhaul of the industry and explore the challenges that lie ahead in the context of decarbonisation, digitalisation and decentralisation. This e-book provides the reader with a digest of the Handbook on Electricity Markets edited by Jean-Michel Glachant, Paul L. Joskow and Michael G. Pollitt in 2021. The 22 original chapters are summarised and the critical messages made available to a broad audience. The digest, such as the original handbook, covers all dimensions of electricity markets: wholesale and retail; renewable electricity sources; electrification of mobility, heating and cooling; and recent innovations such as distributed generation, electrical energy storage, demand response and digital platforms that are disrupting the industry. The benefits and limits of open markets and competition are assessed at the level of underlying principles and with reference to specific cases, including Great Britain, PJM Interconnection, Texas, Australia, Scandinavia, continental Europe and China. The details of electricity market designs are analysed and discussed. The book also considers new emerging business models and the impact of electricity sector policy priorities such as universal access and deep decarbonisation. The China edition of the digest includes an original chapter by Michael G. Pollitt on the lessons that the Chinese audience may learn from the handbook.
Table of Contents
-- Glossary --
-- Chapter 1 -- Introduction to the handbook on electricity market
-- Chapter 2 -- Strengths and weaknesses of traditional arrangements for electricity supply
-- chapter 3 -- Optimal wholesale pricing and investment in generation: the basics
-- chapter 4 -- Wholesale electricity market desig
-- Chapter 5 -- The evolution of competitive retail electricity markets
-- Chapter 6 -- Strengths and weaknesses of the british market model
-- Chapter 7 -- Strengths and weaknesses of the pjm market model
-- Chapter 8 -- Ercot: success (so far) and lessons learned
-- Chapter 9 -- Australia’s national electricity market: strengths and weaknesses of the reform experience
-- Chapter 10 -- Strengths and weaknesses of the nordic market model
-- Chapter 11 -- The evolution of the european model for electricity markets
-- Chapter 12 -- New technologies on the supply side
-- Chapter 13 -- New technologies on the demand side
-- Chapter 14 -- Tools and policies to promote decarbonisation of the electricity sector
-- Chapter 15 -- Shifting supply as well as demand: the new economics of electricity with high renewables
-- Chapter 16 -- The future design of the electricity market
-- Chapter 17 -- New business models in the electricity sector
-- Chapter 18 -- Electrifying transport: issues and opportunities
-- Chapter 19 -- Electrification of residential and commercial heating
-- Chapter 20 -- Harnessing the power of integration to achieve universal electricity access: the case for the integrated distribution framework
-- Chapter 21 -- Reforming china’s electricity industry: national aspirations, bureaucratic empires local interests, local interests
-- Chapter 22 -- The evolution of electricity sectors in africa: ongoing obstacles and emerging opportunities to reach universal targets
-- Takeaways from the handbook on electricity markets for power sector reform in China
Additional Information
The China edition of the Digest contains an extra chapter : 'Takeaways from the handbook on electricity markets for power sector reform in China' by Michael G. Pollitt.
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This Digest is a summarised version of GLACHANT, Jean-Michel, JOSKOW, Paul L., POLLITT, Michael G. (editor/s), Handbook on electricity markets, Cheltenham : Edward Elgar, 2021