Electricity markets are being deregulated or face new regulatory frameworks. In such changing markets, new pricing strategies will need to consider such factors as cost, value of service and pricing by objective. Pricing in Competitive Electricity Markets introduces a new family of pricing concepts, methodologies, models, tools and databases focused on market-based pricing. This book reviews important theoretical pricing issues as well as practical pricing applications for changing electricity markets.

Zusammenfassung
In such changing markets, new pricing strategies will need to consider such factors as cost, value of service and pricing by objective. Pricing in Competitive Electricity Markets introduces a new family of pricing concepts, methodologies, models, tools and databases focused on market-based pricing.

Inhalt
Section I: Overview.- 1. Pricing Retail Electricity: Making Money Selling a Commodity.- Section II: Industry Restructuring and Its Pricing Implications.- 2. Pricing and Revenue Management.- 3. The Role of Price in the Restructured Electricity Market.- 4. Competitive Infrastructure: As an Enabler of Market-Based Pricing.- 5. Competitive Rates: A Break from the Past?.- Section III: New Issues.- 6. Anticipating Competitor Responses in Retail Electricity Price Design.- 7. Understanding Latent Market Power in the Electricity Pool of England and Wales.- 8. Market Design and Price Behavior in Restructured Electricity Markets: An International Comparison.- 9. The Effect of Technology on Energy Pricing in a Competitive Energy Market.- Section IV: Risk Management in Volatile Markets.- 10. Managing Total Corporate Electricity/Energy Market Risks.- 11. Managing Weather Risk in Energy Pricing: A Consumer Oriented, Value Added, Energy Service.- 12. An Econometric Study of Weather's Effect on Prices.- 13. Electric Market Simulation.- 14. Energy Derivatives and Price Risk Management.- 15. Statistical Approaches to Electricity Price Forecasting.- Section V: Case Studies.- 16. Using Customer-Level Response to Spot Prices to Design Pricing Options and Demand-Side Bids.- 17. How to Buy Low and Sell High.- 18. Real Time Pricing A Unified Rate Design Approach.- 19. Dynamic Pricing and Profit Maximization Choices for the Investor Owned Electric Disco.- 20. Developing and Pricing Distribution Services.- 21. Pricing Throughout the Product Lifecycle: When Mature Markets Meet Innovation.- 22. Residential TOU Price Response in the Presence of Interactive Communication Equipment.- 23. Retail Pricing Tools to Meet Customer Needs.- 24 Pricing Options for the Baltic Electric Market.- Section VI:Pricing of Energy Services.- 25 Value-Added Services in a Competitive Electric Industry.- 26 Measuring How Customers Value Electricity Service Offers.- 27 Electricity Marketing: Is the Product the Price?.