메뉴 건너뛰기




Volumn 35, Issue 4, 2010, Pages 1609-1614

Estimating the option value of a non-firm electricity tariff

Author keywords

Demand response; Electricity economics; Option valuation

Indexed keywords

COSTS; ECONOMICS; ELECTRICITY; INVESTMENTS; NATURAL GAS;

EID: 77949262393     PISSN: 03605442     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.energy.2009.04.013     Document Type: Article
Times cited : (14)

References (44)
  • 2
    • 0036079409 scopus 로고    scopus 로고
    • Architecture of power markets
    • Wilson R. Architecture of power markets. Econometrica 70 4 (2002) 1299-1340
    • (2002) Econometrica , vol.70 , Issue.4 , pp. 1299-1340
    • Wilson, R.1
  • 3
    • 0037412003 scopus 로고    scopus 로고
    • Electricity market reform failures: UK, Norway, Alberta and California
    • Woo C.K., Lloyd D., and Tishler A. Electricity market reform failures: UK, Norway, Alberta and California. Energy Policy 31 11 (2003) 1103-1115
    • (2003) Energy Policy , vol.31 , Issue.11 , pp. 1103-1115
    • Woo, C.K.1    Lloyd, D.2    Tishler, A.3
  • 5
    • 85019537410 scopus 로고    scopus 로고
    • Woo C.K., Chow L.C.H., and Lior N. (Eds) [Special Issue]
    • In: Woo C.K., Chow L.C.H., and Lior N. (Eds). Electricity market reform and deregulation. Energy 31 6-7 (2006) [Special Issue]
    • (2006) Energy , vol.31 , Issue.6-7
  • 7
    • 0034414292 scopus 로고    scopus 로고
    • The competitive effects of transmission capacity in a deregulated electricity industry market
    • Borenstein S., Bushnell J.B., and Stoft S. The competitive effects of transmission capacity in a deregulated electricity industry market. Rand Journal of Economics 31 2 (2000) 294-325
    • (2000) Rand Journal of Economics , vol.31 , Issue.2 , pp. 294-325
    • Borenstein, S.1    Bushnell, J.B.2    Stoft, S.3
  • 8
    • 0040081821 scopus 로고    scopus 로고
    • Measuring market inefficiencies in California's restructured wholesale electricity market
    • Borenstein S., Bushnell J.B., and Wolak F.A. Measuring market inefficiencies in California's restructured wholesale electricity market. American Economic Review 92 5 (2002) 1376-1405
    • (2002) American Economic Review , vol.92 , Issue.5 , pp. 1376-1405
    • Borenstein, S.1    Bushnell, J.B.2    Wolak, F.A.3
  • 9
    • 0034368548 scopus 로고    scopus 로고
    • Transmission rights and market power on electric power networks
    • Joskow P.L., and Tirole J. Transmission rights and market power on electric power networks. Rand Journal of Economics 31 3 (2000) 450-487
    • (2000) Rand Journal of Economics , vol.31 , Issue.3 , pp. 450-487
    • Joskow, P.L.1    Tirole, J.2
  • 10
    • 0001104022 scopus 로고    scopus 로고
    • Measuring duopoly power in the British electricity spot market
    • Wolfram C. Measuring duopoly power in the British electricity spot market. American Economic Review 89 4 (1999) 805-826
    • (1999) American Economic Review , vol.89 , Issue.4 , pp. 805-826
    • Wolfram, C.1
  • 11
    • 0036234505 scopus 로고    scopus 로고
    • California electricity debacle: a guided tour
    • Jurewitz J.L. California electricity debacle: a guided tour. Electricity Journal 15 4 (2002) 10-29
    • (2002) Electricity Journal , vol.15 , Issue.4 , pp. 10-29
    • Jurewitz, J.L.1
  • 12
    • 0035425363 scopus 로고    scopus 로고
    • What went wrong in California's electricity market?
    • Woo C.K. What went wrong in California's electricity market?. Energy 26 8 (2001) 747-758
    • (2001) Energy , vol.26 , Issue.8 , pp. 747-758
    • Woo, C.K.1
  • 13
    • 0141924201 scopus 로고    scopus 로고
    • Managing electricity procurement cost and risk by a local distribution company
    • Woo C.K., Karimov R., and Horowitz I. Managing electricity procurement cost and risk by a local distribution company. Energy Policy 32 5 (2004) 635-645
    • (2004) Energy Policy , vol.32 , Issue.5 , pp. 635-645
    • Woo, C.K.1    Karimov, R.2    Horowitz, I.3
  • 14
    • 33646902992 scopus 로고    scopus 로고
    • Did a local distribution company procure prudently during the California electricity crisis?
    • Woo C.K., Lloyd D., and Clayton W. Did a local distribution company procure prudently during the California electricity crisis?. Energy Policy 34 16 (2006) 2552-2565
    • (2006) Energy Policy , vol.34 , Issue.16 , pp. 2552-2565
    • Woo, C.K.1    Lloyd, D.2    Clayton, W.3
  • 15
    • 0031131612 scopus 로고    scopus 로고
    • Time-of-use rates vs. Hopkinson tariffs redux: an analysis of the choice of rate structures in a regulated electricity distribution company
    • Seeto D.Q., Woo C.K., and Horowitz I. Time-of-use rates vs. Hopkinson tariffs redux: an analysis of the choice of rate structures in a regulated electricity distribution company. Energy Economics 19 2 (1997) 169-185
    • (1997) Energy Economics , vol.19 , Issue.2 , pp. 169-185
    • Seeto, D.Q.1    Woo, C.K.2    Horowitz, I.3
  • 17
    • 67649493652 scopus 로고    scopus 로고
    • California Energy Commission, Sacramento, California
    • CEC. Integrated energy policy report (2005), California Energy Commission, Sacramento, California. See also:
    • (2005) Integrated energy policy report
    • CEC1
  • 18
    • 40149107664 scopus 로고    scopus 로고
    • Federal Energy Regulatory Commission, Washington, DC
    • FERC. 2006 state of the markets report (2007), Federal Energy Regulatory Commission, Washington, DC. See also:
    • (2007) 2006 state of the markets report
    • FERC1
  • 19
    • 30844474184 scopus 로고    scopus 로고
    • Designing Pareto-superior demand-response rate options
    • Horowitz I., and Woo C.K. Designing Pareto-superior demand-response rate options. Energy 31 6-7 (2006) 1040-1051
    • (2006) Energy , vol.31 , Issue.6-7 , pp. 1040-1051
    • Horowitz, I.1    Woo, C.K.2
  • 21
    • 0344746449 scopus 로고
    • Optional time-of-use pricing can be Pareto superior or Pareto inferior
    • Mackie-Mason J.K. Optional time-of-use pricing can be Pareto superior or Pareto inferior. Economics Letters 33 4 (1990) 363-367
    • (1990) Economics Letters , vol.33 , Issue.4 , pp. 363-367
    • Mackie-Mason, J.K.1
  • 22
    • 0004443520 scopus 로고
    • Pareto-superior time-of-use rate option for industrial firms
    • Woo C.K., Orans R., Horii B., and Chow P. Pareto-superior time-of-use rate option for industrial firms. Economics Letters 49 3 (1995) 267-272
    • (1995) Economics Letters , vol.49 , Issue.3 , pp. 267-272
    • Woo, C.K.1    Orans, R.2    Horii, B.3    Chow, P.4
  • 23
    • 0021483469 scopus 로고
    • Optimal pricing in electrical networks over space and time
    • Bohn R.E., Caramanis M.C., and Schweppe F.C. Optimal pricing in electrical networks over space and time. Rand Journal of Economics 15 3 (1984) 360-376
    • (1984) Rand Journal of Economics , vol.15 , Issue.3 , pp. 360-376
    • Bohn, R.E.1    Caramanis, M.C.2    Schweppe, F.C.3
  • 24
    • 0003122815 scopus 로고    scopus 로고
    • Optional real-time pricing of electricity for industrial firms
    • Woo C.K., Chow P., and Horowitz I. Optional real-time pricing of electricity for industrial firms. Pacific Economic Review 1 1 (1996) 79-92
    • (1996) Pacific Economic Review , vol.1 , Issue.1 , pp. 79-92
    • Woo, C.K.1    Chow, P.2    Horowitz, I.3
  • 25
    • 33845531540 scopus 로고    scopus 로고
    • Residential implementation of critical-peak pricing of electricity
    • Herter K. Residential implementation of critical-peak pricing of electricity. Energy Policy 35 (2007) 2121-2130
    • (2007) Energy Policy , vol.35 , pp. 2121-2130
    • Herter, K.1
  • 26
    • 0001543237 scopus 로고
    • Priority service: pricing, investment and market organization
    • Chao H.P., and Wilson R. Priority service: pricing, investment and market organization. American Economic Review 77 5 (1987) 899-916
    • (1987) American Economic Review , vol.77 , Issue.5 , pp. 899-916
    • Chao, H.P.1    Wilson, R.2
  • 27
    • 0005209124 scopus 로고
    • Optimal nonlinear pricing and contingent contracts
    • Spulber D.F. Optimal nonlinear pricing and contingent contracts. International Economic Review 33 4 (1992) 747-772
    • (1992) International Economic Review , vol.33 , Issue.4 , pp. 747-772
    • Spulber, D.F.1
  • 28
    • 0004410953 scopus 로고
    • Efficient electricity pricing with self-rationing
    • Woo C.K. Efficient electricity pricing with self-rationing. Journal of Regulatory Economics 2 1 (1990) 69-81
    • (1990) Journal of Regulatory Economics , vol.2 , Issue.1 , pp. 69-81
    • Woo, C.K.1
  • 29
    • 40149102640 scopus 로고    scopus 로고
    • Now that California has AMI, what can the state do with it?
    • Woo C.K., Kollman E., Orans R., Price S., and Horii B. Now that California has AMI, what can the state do with it?. Energy Policy 36 (2008) 1366-1374
    • (2008) Energy Policy , vol.36 , pp. 1366-1374
    • Woo, C.K.1    Kollman, E.2    Orans, R.3    Price, S.4    Horii, B.5
  • 32
    • 67650466997 scopus 로고    scopus 로고
    • Efficiency and demand response: twins, siblings, or cousins?
    • Chris K., and Delurey D. Efficiency and demand response: twins, siblings, or cousins?. Public Utilities Fortnightly 143 3 (2005) 58-61
    • (2005) Public Utilities Fortnightly , vol.143 , Issue.3 , pp. 58-61
    • Chris, K.1    Delurey, D.2
  • 33
    • 30944460483 scopus 로고    scopus 로고
    • Avoided cost estimation and post-reform funding allocation for California's energy efficiency programs
    • Baskette C., Horii B., Kollman E., and Price S. Avoided cost estimation and post-reform funding allocation for California's energy efficiency programs. Energy 31 6-7 (2006) 1084-1099
    • (2006) Energy , vol.31 , Issue.6-7 , pp. 1084-1099
    • Baskette, C.1    Horii, B.2    Kollman, E.3    Price, S.4
  • 34
    • 28044448255 scopus 로고    scopus 로고
    • Generation adequacy via call options obligations: safe passage to the promised land
    • Oren S.S. Generation adequacy via call options obligations: safe passage to the promised land. Electricity Journal 18 9 (2005) 28-42
    • (2005) Electricity Journal , vol.18 , Issue.9 , pp. 28-42
    • Oren, S.S.1
  • 36
    • 51349085814 scopus 로고    scopus 로고
    • An economic welfare analysis of demand response in the PJM electricity market
    • Walawalkar R., Blumsack S., Apt J., and Fernands S. An economic welfare analysis of demand response in the PJM electricity market. Energy Policy 36 10 (2008) 3692-3707
    • (2008) Energy Policy , vol.36 , Issue.10 , pp. 3692-3707
    • Walawalkar, R.1    Blumsack, S.2    Apt, J.3    Fernands, S.4
  • 37
    • 0035147848 scopus 로고    scopus 로고
    • Exotic electricity options and the valuation of electricity generation and transmission assets
    • Deng S.J., Johnson B., and Sogomonian A. Exotic electricity options and the valuation of electricity generation and transmission assets. Decision Support Systems 30 3 (2001) 383-392
    • (2001) Decision Support Systems , vol.30 , Issue.3 , pp. 383-392
    • Deng, S.J.1    Johnson, B.2    Sogomonian, A.3
  • 38
    • 0036759147 scopus 로고    scopus 로고
    • Exotic options for interruptible electricity supply contracts
    • Kamat R., and Oren S.S. Exotic options for interruptible electricity supply contracts. Operations Research 50 5 (2002) 835-850
    • (2002) Operations Research , vol.50 , Issue.5 , pp. 835-850
    • Kamat, R.1    Oren, S.S.2
  • 39
    • 33750320598 scopus 로고    scopus 로고
    • Option value of electricity demand response
    • Sezgen O., Goldman C.A., and Krishnarao P. Option value of electricity demand response. Energy 32 2 (2007) 108-119
    • (2007) Energy , vol.32 , Issue.2 , pp. 108-119
    • Sezgen, O.1    Goldman, C.A.2    Krishnarao, P.3
  • 40
    • 3042598426 scopus 로고    scopus 로고
    • Benchmarking the price reasonableness of an electricity tolling agreement
    • Woo C.K., Olson A., and Orans R. Benchmarking the price reasonableness of an electricity tolling agreement. Electricity Journal 17 5 (2004) 65-75
    • (2004) Electricity Journal , vol.17 , Issue.5 , pp. 65-75
    • Woo, C.K.1    Olson, A.2    Orans, R.3
  • 41
    • 0042614164 scopus 로고
    • The error of forecast in econometric models when the forecast-period exogenous variables are stochastic
    • Feldstein M. The error of forecast in econometric models when the forecast-period exogenous variables are stochastic. Econometrica 39 1 (1971) 55-60
    • (1971) Econometrica , vol.39 , Issue.1 , pp. 55-60
    • Feldstein, M.1
  • 42
    • 32844470818 scopus 로고    scopus 로고
    • Market efficiency, cross hedging and price forecasts: California's natural-gas markets
    • Woo C.K., Olson A., and Horowitz I. Market efficiency, cross hedging and price forecasts: California's natural-gas markets. Energy 31 8-9 (2006) 1290-1304
    • (2006) Energy , vol.31 , Issue.8-9 , pp. 1290-1304
    • Woo, C.K.1    Olson, A.2    Horowitz, I.3
  • 43
    • 30744456558 scopus 로고    scopus 로고
    • Markets for power in the United States: an interim assessment
    • Joskow P. Markets for power in the United States: an interim assessment. Energy Journal 27 1 (2006) 1-36
    • (2006) Energy Journal , vol.27 , Issue.1 , pp. 1-36
    • Joskow, P.1
  • 44
    • 43449137084 scopus 로고    scopus 로고
    • Introduction
    • [A Special Issue on European Electricity Liberalization]
    • Newbery D.M. Introduction. Energy Journal (2005) 1-10 [A Special Issue on European Electricity Liberalization]
    • (2005) Energy Journal , pp. 1-10
    • Newbery, D.M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.