Engineering, Economics and Regulation of the Electric Power Sector

Readings

• Perez-Arriaga, Ignacio J., Hugh Rudnick, and Michel Rivier. “Electric Energy Systems—An Overview.” Chapter 1 in Electric Energy Systems: Analysis and Operation. Gomez-Exposito, Antonio, Antonio J. Conejo, and Claudio Canizares, eds. Boca Raton, FL: CRC Press, 2009. ISBN: 9780849373657.
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• “The Role of Electricity.” Brussels, Belgium: Eurelectric, 2007.
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• EPRI Energy Technology Assessment Center. “The Power to Reduce CO 2 Emissions.” Discussion paper prepared for Electric Power Research Institute (EPRI) Summer Seminar, Palo Alto, CA, August 2007.
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• de Jong, E. C. W. “Low Carbon Electricity Systems.” Arnhem, Netherlands: KEMA Consulting, 2009.
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• Perez-Arriaga, Ignacio J., et al. “Traditional Regulation of the Electricity Industry.” Regulation of Energy Utilities Training Course. Florence, Italy: Florence School of Regulation, 1985.
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• Joskow, Paul. “The Difficult Transition to Competitive Electricity Markets in the U.S.” Prepared for the Conference “Electricity Deregulation: Where From Here?” Texas A&M University, April 4, 2003.
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• Holland, Stephen P., and John L. Neufeld. “Brokering Power.” IEEE Power & Energy Magazine 7, no. 5 (2009): 36-43.
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• Jamison, Mark, Sanford Berg, Farid Gasmi, and Jose Tavara. “Annotated Reading List for a Body of Knowledge on the Regulation of Utility Infrastructure and Services.” Washington DC: World Bank, 2004.
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• Al-Sunaidy, A., and R. Green. “Electricity Deregulation in OECD (Organization for Economic Cooperation and Development) Countries.” Energy 31 (2006): 769–787.
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• Joskow, Paul. “Markets for Power in the United States: An Interim Assessment.” The Energy Journal 27, no. 1 (2006): 1-36. ( PDF - 1.0MB ) ↗
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• ———. “Challenges for Creating a Comprehensive National Electricity Policy.” Cambridge, MA: MIT Center for Energy and Environmental Policy Research, 2008. ( PDF ) ↗
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• Sioshansi, Fareidoon P., and Wolfgang Pfaffenberger, eds. Electricity Market Reform: An International Perspective . Oxford, UK: Elsevier Science, 2006. ISBN: 9780080450308. (Read the Foreword and Introduction)
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• Gomez San Roman, Tomas. “The Economics of Regulation: Monopolistic Activities.” Energy Regulators Training Course. Florence, Italy: Florence School of Regulation, 2003.
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• Joskow, Paul. “Incentive Regulation for Electricity Networks.” CESifo Forum (2006): 1-9.
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• Rivier, Juan, et al. “Power Quality Regulation Under the New Regulatory Framework of Distribution Systems.” Proceedings of the 13th PSCC Vol. 2. Trondheim, Norway: PSCC, 1999, pp. 891-897.
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• Scheepers, Martin, et. al. “Regulatory Improvements for Effective Integration of Distributed Generation into Electricity Distribution Networks.” Summary of the DG-GRID Project Results. Petten, Netherlands: Energy Research Center of the Netherlands, 2007.
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• Joskow, Paul. “Incentive Regulation in Theory and Practice: Electricity Distribution and Transmission Networks.” Working paper. Cambridge, MA: MIT Center for Energy and Environmental Policy Research, January 21, 2006.
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• “Quality of Electricity Supply Improved by Regulators’ Incentive-penalty Regimes.” Press Release PR-09-04, Council of European Energy Regulators (CEER), February 23, 2009.
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• “The Costs of Generating Electricity.” London, UK: The Royal Academy of Engineering, 2004.
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• García González, Javier. “Decision Support Models in Electric Power Systems.” Madrid, Spain: Universidad Pontificia Comillas, October 2007.
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• Ventosa, Mariano, and Pedro Linares. “The Economics of Regulation: Competitive Activities.” Energy Regulators Training Course. Florence, Italy: Florence School of Regulation, 2003. O’Neill, Richard, Udi Helman, Benjamin Hobbs, and Ross Baldick. “Independent System Operators in the USA: History, Lessons Learned, and Prospects.” Chapter 14 in Electricity Market Reform: An International Perspective . Edited by Sioshansi, Fareidoon P., and Wolfgang Pfaffenberger. Oxford, UK: Elsevier Science, 2006. ISBN: 9780080450308.
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• Gribik, Paul R., William W. Hogan, and Susan L. Pope. “Market-Clearing Electricity Prices and Energy Uplift.” Working paper. Cambridge, MA: Harvard Kennedy School of Government, December 31, 2007. ( PDF ) ↗
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• Rivier, Michel. “Electricity Power Transmission.” Regulation of Energy Utilities Training Course. Florence, Italy: Florence School of Regulation, 2009.
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• Perez-Arriaga, Ignacio J., et al. “Marginal Pricing of Transmission Services: An Analysis of Cost Recovery.” IEEE Transactions on Power Systems 10, no. 1 (1995): 448-454.
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• Joskow, Paul. “Transmission Policy in the United States.” Utilities Policy 13, no. 2 (2005): 95-115.
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• Olmos, Luis, and Ignacio Perez-Arriaga. “A Comprehensive Approach for Computation and Implementation of Efficient Electricity Transmission Network Charges.” Working paper #09-010. Cambridge, MA: MIT Center for Energy and Environmental Policy Research, July 2009.
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• Rivier, Juan. “Electricity Tariff Design.” Energy Regulators Training Course. Florence, Italy: Florence School of Regulation, 2009.
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• Borenstein, Severin, Michael Jaske, and Arthur Rosenfeld. “Dynamic Pricing, Advanced Metering and Demand Response in Electricity Markets.” Working paper #105. Berkeley, CA: University of California Energy Initiative, October 2002.
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• Batlle, Carlos. “Electricity and Retail Markets.” Energy Regulators Training Course. Florence, Italy: Florence School of Regulation, 2009.
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• Batlle, Carlos, and Pablo Rodilla. “Electricity Demand Response Tools: Current Status and Outstanding Issues.” European Review of Energy Markets 3, no. 2 (2009). ( PDF ) ↗
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• Tierney, Susan, and Todd Schatzki. “Competitive Procurement of Retail Electricity Supply: Recent Trends in State Policies and Utility Practices.” The Electricity Journal 22, no. 1 (2009): 50-62.
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• Joskow, Paul L. “Why do we need Electricity Retailer? Or: Can You Get it Cheaper Wholesale?” Working paper. Cambridge, MA: MIT Center for Energy and Environmental Policy Research, February 13, 2000. ( PDF ) ↗
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• Littlechild, Stephen C. “Why We Need Electricity Retailers: A Reply to Joskow on Wholesale Spot Price Pass-through.” Cambridge Working Papers in Economics #0008. Cambridge, UK: Faculty of Economics, University of Cambridge, August 2000.
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• Vazquez, Carlos, Carlos Batlle, Sara Lumbreras, and Ignacio J. Perez-Arriaga. “Electricity Retail Regulation in a Context of Vertical Integration: the Debate on Regulated Tariffs.” IIT Working Paper IIT-06-028A. Madrid, Spain: Universidad Pontificia Comillas, December 2006. ( PDF ) ↗
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• Vasconcelos, Jorge. “ Survey of Regulatory and Technological Developments Concerning Smart Metering in the European Union Electricity Market .” RSCAS Policy Papers. Florence, Italy: European University Institute, 2008. ↗
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• Pérez-Arriaga, Ignacio J. “Security of Electricity Supply in Europe in a Short, Medium and Long-term Perspective.” European Review of Energy Markets 2, no. 2 (2007): 1-28. ( PDF ) ↗
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• Batlle, Carlos, and Ignacio J. Perez-Arriaga. “Design Criteria for Implementing a Capacity Mechanism in Deregulated Electricity Markets.” Utilities Policy 16 (2008) 184-193.
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• Gottstein, Meg, and Lisa Schwartz. “The Role of Forward Capacity Markets in Increasing Demand-Side and Other Low-Carbon Resources: Experience and Prospects.” Montpelier, VT: Regulatory Assistance Project, April 2010.
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• Vazquez, Carlos, Michel Rivier, and Ignacio J. Perez-Arriaga. “A Market Approach to Long-term Security of Supply.” IEEE Transactions on Power Systems 17, no. 2 (2002): 349-357.
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• Nguyen, François, and Ulrik Stridbaek , et al. “Tackling Investment Challenges in Power Generation.” Paris, France: International Energy Agency, 2007.
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• Batlle, Carlos, Carlos Vazquez, Michel Rivier, and Ignacio J. Perez-Arriaga. “Enhancing Power Supply Adequacy in Spain: Migrating from Capacity Payments to Reliability Options.” Energy Policy 35 (2007): 4545–4554.
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• ———. “Security of Supply in the Dutch Electricity Market: the Role of Reliability Options.” Prepared for the Office for Energy Regulation of The Netherlands. Madrid, Spain: Universidad Pontificia Comillas, December 2003.
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• Cramton, Peter, and Steven Stoft. “Colombia Firm Energy Market.” February 2007. ( PDF ) ↗
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• MODULE: I: System operation in practice · READINGS: No assigned readings
  Reading assignment
• “The Support of Electricity from Renewable Energy Sources.” Commission Staff Working Document. Brussels, Belgium: Commission of the European Communities, January 23, 2008.
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• Logan, Jeffrey, and Stan Mark Kaplan. “Wind Power in the United States: Technology, Economic, and Policy Issues.” Report for Congress. Washington, DC: Congressional Research Service, June 20, 2008.
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• “SPP WITF Wind Integration Study.” Final report prepared for Southwest Power Pool. Boston, MA: Charles River Associates, January 4, 2010.
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• Wiser, Ryan, Mark Bolinger, and Galen Barbose. “Using the Federal Production Tax Credit to Build a Durable Market for Wind Power in the United States.” The Electricity Journal 20, no. 9 (2007): 77-88.
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• Wiser, Ryan, Kevin Porter, and Robert Grace. “Evaluating Experience with Renewables Portfolio Standards in the United States.” Mitigation and Adaptation Strategies for Global Change 10 (2005): 237–263.
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• Jamasb, Tooraj, and Michael Pollitt. “Electricity Market Reform in the European Union: Review of Progress Toward Liberalization and Integration.” Working Paper #05-003. Cambridge, MA: MIT Center for Energy and Environmental Policy Research, March 2005.
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• Sierra, Jose, and Ignacio Perez-Arriaga. “Unity for All.” IEEE Power & Energy Magazine 7, no. 5 (2009): 18-25.
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• de Jong, Jacques, et al. “A Study on the Inter-TSO Compensation Mechanism.” Florence, Italy: Florence School of Regulation, October 2005.
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• “Development and Implementation of a Coordinated Model for Regional and Inter-regional Congestion Management.” Interim Report. Brussels, Belgium: EuroPEX, April 2008.
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• Energy, Transport, and Water Department. “Building Regional Power Pools: A Toolkit.” Washington DC: The World Bank Group, 2005.
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• Creyts, Jon, et al. “ Unlocking Energy Efficiency in the U.S. Economy .” Executive Summary. McKinsey Global Energy and Materials, July 2009. ↗
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• Linares, Pedro. “Energy Efficiency and the Environment.” Madrid, Spain: Universidad Pontificia Comillas, March 2009.
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• National Action Plan for Energy Efficiency. “ Aligning Utility Incentives with Investment in Energy Efficiency .” Prepared by Val R. Jensen, ICF International, November 2007. ↗
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• Michaels, Harvey, and Kat Donnelly. “Energy Innovation: Enabling Innovation on the Consumer Side of the Smart Grid.” Working paper. Cambridge, MA: MIT Industrial Performance Center, February 5, 2010.
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• Perez-Arriaga, Ignacio J., and Pedro Linares. “Market vs. Regulation: A Role for Indicative Energy Planning.” The Future of Electricity: Papers in Honor of David Newbery. The Energy Journal, Special Issue, 2008.
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• Linares, Pedro, and Ignacio J. Perez-Arriaga. “Promoting Investment in Low-Carbon Energy Technologies.” European Review of Energy Markets 3, no. 2 (2009): 9-21.
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• Hamilton, Kirsty. “Unlocking Finance for Clean Energy: the Need for ‘Investment Grade’ Policy.” Energy, Environment, and Development Programme Paper. London, UK: Chatham House, September 2004.
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• “Energy Access Theme Results.” Synthesis/Compilation Report. Global Network on Energy for Sustainable Development (GNESD), April 30, 2004.
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• Reiche, Kilian, Bernard Tenenbaum, and Clemencia Torres de Mastle. “Electrification and Regulation: Principles and a Model Law.” Energy and Mining Sector Board Discussion Paper, no. 18. Washington DC: The World Bank Group, July 2006. ( PDF ) ↗
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• Besant-Jones, John E. “Reforming Power Markets in Developing Countries: What Have We Learned?” Energy and Mining Sector Board Discussion Paper, no. 19. Washington DC: The World Bank Group, September 2006. ( PDF - 1.3MB ) ↗
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• Legros, Gwenaelle, et al. “The Energy Access Situation in Developing Countries.” New York, NY: World Health Organization and United Nations Development Programme, November 2009.
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• Ellerman, Denny A. “Lessons for the United States from the European Union’s CO 2 Emissions Trading Scheme.” Chapter 1 in Cap-and-Trade: Contributions to the Design of a U.S. Greenhouse Gas Program . A. Denny Ellerman, Mort Webster, et al. Cambridge, MA: MIT Center for Energy and Environmental Policy Research, 2008.
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• Ellerman, Denny A., Paul Joskow, and David Harrison, Jr. “Emissions Trading in the U.S.: Experience, Lessons, and Considerations for Greenhouse Gases.” Prepared for the Pew Center on Global Climate Change, 2003.
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