Synopses & Reviews
Fixed and Marginal Costs in Electricity Markets lays out clear cost methodologies for understanding marginal price structures, further cementing electricity's role as an asset class with fixed and variable costs. This work presents a global recasting of electricity market design and will be of direct use to practitioners, academics, commentators, planners, and policy makers in electricity. Harris places electricity firmly in the canon of the microeconomics and econo-engineering of costs, from bridges to broadband infrastructure. His findings and research offer a fresh alternative to prevailing policies and regulations.
About the Author
Chris Harris has PhDs in fracture mechanics and regulatory economics and is Honorary Fellow at Exeter University, following a period as Visiting Professor at Bath University. He is Head of Regulation at RWE npower, with previous roles including heads of internal markets, asset optimization, and asset management.
Table of Contents
1 Introduction
2 Equilibrium and Other Core Assumptions
3 Modelling with Hard Constraints
4 Modelling with Soft Constraints
5 The Treatment of Change
6 The Characterisation of Consumption
7 Summary