The Price of Electricity from Private Power Producers
Author | : Edward Paul Kahn |
Publisher | : |
Total Pages | : 51 |
Release | : 1993 |
Genre | : Electric power |
ISBN | : |
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Author | : Edward Paul Kahn |
Publisher | : |
Total Pages | : 51 |
Release | : 1993 |
Genre | : Electric power |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 113 |
Release | : 1995 |
Genre | : |
ISBN | : |
The market for long-term bulk power is becoming increasingly competitive and mature. Given that many privately developed power projects have been or are being developed in the US, it is possible to begin to evaluate the performance of the market by analyzing its revealed prices. Using a consistent method, this paper presents levelized contract prices for a sample of privately developed US generation properties. The sample includes 26 projects with a total capacity of 6,354 MW. Contracts are described in terms of their choice of technology, choice of fuel, treatment of fuel price risk, geographic location, dispatchability, expected dispatch niche, and size. The contract price analysis shows that gas technologies clearly stand out as the most attractive. At an 80% capacity factor, coal projects have an average 20-year levelized price of $0.092/kWh, whereas natural gas combined cycle and/or cogeneration projects have an average price of $0.069/kWh. Within each technology type subsample, however, there is considerable variation. Prices for natural gas combustion turbines and one wind project are also presented. A preliminary statistical analysis is conducted to understand the relationship between price and four categories of explanatory factors including product heterogeneity, geographic heterogeneity, economic and technological change, and other buyer attributes (including avoided costs). Because of residual price variation, we are unable to accept the hypothesis that electricity is a homogeneous product. Instead, the analysis indicates that buyer value still plays an important role in the determination of price for competitively-acquired electricity.
Author | : |
Publisher | : |
Total Pages | : 51 |
Release | : 1993 |
Genre | : |
ISBN | : |
The long-term wholesale electricity market is becoming increasingly competitive. Bidding for power contracts has become a dominant form of competition in this sector. The prices which emerge from this process have not been documented and compared in a systematic framework. This paper introduces a method to make such comparisons and illustrates it on a small sample of projects. This results show a wide range of prices for what is essentially the same technology, gas-fired combined cycle generation. The price range seems greater than what could be explained by transmission cost differences between high and low cost regions. For the smaller sample of coal-fired projects, price variation is substantially less. Further data collection and analysis should be able to help isolate more clearly what market or cost factors are responsible for the observed variation.
Author | : G. Alan Comnes |
Publisher | : |
Total Pages | : 113 |
Release | : 1995 |
Genre | : Electric power |
ISBN | : |
Author | : Maria Vagliasindi |
Publisher | : World Bank Publications |
Total Pages | : 393 |
Release | : 2013-03-28 |
Genre | : Business & Economics |
ISBN | : 0821395572 |
This study proposes a novel analytical approach for modeling market structures of the power sector, presenting evidence from statistical analysis and a sample of twenty case studies.
Author | : John Paffenbarger |
Publisher | : OECD/IEA |
Total Pages | : 134 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : |
This booklet considers the impact of electricity market reform on power generation costs and investment. Governments throughout the OECD are restructuring their electricity supply industries, reducing the direct role of the state and introducing competition. These changes are designed to increase the economic efficiency of electricity supply and to lower prices for consumers. Maintaining adequate investment in new generation capacity is another important objective. The study concludes that market reform is likely to lead to reduced generation costs. Reformed systems should also preserve system reliability and adequacy of investment.
Author | : Mohua Mukherjee |
Publisher | : World Bank Publications |
Total Pages | : 185 |
Release | : 2014-10-21 |
Genre | : Business & Economics |
ISBN | : 1464803404 |
Massive private investment that complements public investment is needed to close the demand-supply gap and make reliable power available to all Indians. Government efforts have sought to attract private sector funding and management efficiency throughout the electricity value chain, adapting its strategy over time.
Author | : Fiona Woolf |
Publisher | : World Bank Publications |
Total Pages | : 44 |
Release | : 2001 |
Genre | : Competition |
ISBN | : |
Policymakers wishing to introduce wholesale competition into the electricity industry must often reconcile existing independent power producer contracts with new market structures and trading arrangements. For the new market arrangements to bring the benefits of competition to consumers, enough participants must be willing to take market risk. A combination of measures (adaptation of specific market rule, contractual alternatives for enhancing market liquidity, contract buyout provisions, transitional mechanisms) offer promise for reconciling existing contracts with new market structures and reducing the magnitude of above-market costs associated with the contracts.
Author | : Bernard Tenenbaum |
Publisher | : World Bank Publications |
Total Pages | : 421 |
Release | : 2014-01-23 |
Genre | : Business & Economics |
ISBN | : 1464801118 |
This report describes the four basic types of on- and off-grid small power producers emerging in Africa and highlights the regulatory and policy questions that must be answered by electricity regulators, rural energy agencies, and ministries to promote commercially sustainable investments by private operators and community organizations.
Author | : California. Legislature. Assembly. Committee on Utilities and Commerce |
Publisher | : |
Total Pages | : 262 |
Release | : 1991 |
Genre | : Electric power |
ISBN | : |