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Markets for Electricity Supply

  • Subhes C. BhattacharyyaEmail author
Chapter

Abstract

This chapter introduces the key concepts related to the electricity supply industry (such as load duration curve, capacity factor, and load diversity) and provides simple decision-making tools such as merit order dispatch, levelised costs and screening curves used in the traditional electricity system. The chapter also presents the features of the competitive electric power markets and sketches the evolution of the electric power industry in a carbon constrained world.

Keywords

Electricity concepts Levelised costs Screening curves Markets Pricing Ancillary services 

Supplementary material

References

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Further Reading

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Copyright information

© Springer-Verlag London Ltd., part of Springer Nature 2019

Authors and Affiliations

  1. 1.Institute of Energy and Sustainable DevelopmentDe Montfort UniversityLeicesterUK

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