Electricity Transmission Pricing and Technology

1. Front Matter

   Pages i-xiii

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2. Stop Wheeling and Start Dealing: Resolving the Transmission Dilemma

   • Larry E. Ruff

   Pages 1-24

3. Bridging the Gap between Theory and Practice of Transmission Pricing

   • William R. Hughes, Richard Felak

   Pages 25-57

4. Marginal Pricing of Transmission Services: An Analysis of Cost Recovery

   • I. J. Pérez-Arriaga, F. J. Rubio, J. F. Puerta, J. Arceluz, J. Marin

   Pages 59-76

5. Transmission Access and Retail Wheeling: The Key Questions

   • Jack A. Casazza

   Pages 77-102

6. Making Bilateral Competition Work

   • Tom Parkinson

   Pages 103-127

7. Electricity Transmission Pricing: How Contracts Must Reflect Costs

   • Graham Shuttleworth

   Pages 129-142

8. Markets in Real Electric Networks Require Reactive Prices

   • William W. Hogan

   Pages 143-182

9. A Dispatch Based Pricing Model for the New Zealand Electricity Market

   • Brendan J. Ring, E. Grant Read

   Pages 183-206

10. Incorporating Network Effects in a Competitive Electricity Industry: An Australian Perspective

    • Hugh Outhred, John Kaye

    Pages 207-227

11. Transmission Pricing in Norway

    • Einar Westre

    Pages 229-238

12. Flexible AC Transmission System (FACTS)

    • Narain G. Hingorani

    Pages 239-257

13. The Second Silicon Revolution

    • Karl Stahlkopf

    Pages 259-275

14. Back Matter

    Pages 277-282

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The electric utility industry and its stakeholders in the. United States appear to be at a critical juncture in time. Powerful forces of global proportions are propelling the industry instinctively and in a secular fashion towards restructuring. That the industry will change is a fait accomplii. The nature and timing of the change is still a matter of intense debate, however. Because of the evolution of the industry into its present-day form, i.e. regulated local monopolies in their designated franchise service territories, the relative roles and expectations of various institutions would have to change to conform to the new state in the future. In either encouraging, or allowing this change to happen, society is essentially saying that future societal welfare would be better served by the changed structure contemplated. What that assumption translates into in more direct terms is that creation of future wealth would be better accomplished through redistribution of wealth today. Thoughtful individuals recognize the enormous responsibility placed upon the various entities empowered with jurisdiction over the timing and nature of the structural change. They are trying hard to bring analytical rigor to bear on the debate. One very critical element of this debate on restructuring is the issue of the treatment of transmission. The issue has been variously labeled transmission access, or pricing. Volumes have been written and spoken on this topic.

• competition
• electricity
• model
• network
• transmission

• US Department of Justice, USA

  Michael Einhorn

• CINergy Corporation, USA

  Riaz Siddiqi

Policies and ethics