Three essays on "making" electric power markets

Electric power transmission network Academic Essay | …

The good press continued but, in 1955, after several powerful distributors left the company, sales began to lag. Hard times strained Wise and Tupper’s relationship. By 1956, angry letters were flying back and forth between them, and at one point, Tupper stopped taking Wise’s calls. Her complaints and frank criticisms, previously helpful, had become jabs he couldn’t endure. He also started to believe that she was costing him money, irked that she had her own side business selling self-help books at company events. More to the point, he started to suspect that if he tried selling the company—which he was planning to do—having a female executive would get in the way.

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As a cooperative, Crow Wing Power is owned by its members and governed by an elected board of directors. Members receive friendly service from local employees who care about them and communities we live in, and members receive a share of the revenue over and above the cost of doing business in the form of capital credit refunds. That's because Crow Wing Power is accountable to our members, not stakeholders. With the cooperative philosophy, rates cover the cost of doing business and are not marked up to generate profit. We're also proud to be part of a group of over 730 electric Touchstone Energy cooperatives throughout the nation.

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(2007)Three Essays on Decision Making under Uncertainty in Electric Power Systems. Doctoral Dissertation, University of Pittsburgh. (Unpublished)

Short essay on Hydro-Electricity or Water Power (India)

Comment: It would be great to see added to this essay a couple more pragmatic examples. For instance, show the numbers for a typical (currently operating BWR style) nuclear reactor, a major PV installation project of X square meters of PV in Iowa, another PV in Nevada, and a N typical large scale wind generators, with their power and energy parameters. This would involve reference to rated average power, peak output, typical output, etc.

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An electric engines essay will not be complete without discussing where such engines are being used. While people may often take the whole electromagnetic principle for granted, it cannot be denied that it is part of everyone’s life. Modern civilization uses appliances and equipment that are run by electric engines. From washing machines to televisions, from water pumps to elevators, devices that run on electric engines are meant to make people’s lives easier. Even cars and other vehicles are powered by electric motors.

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Technological change over the past three decades has altered most of the basic conditions in the electric power industry. Because of technical progress, the dominant paradigm has shifted from the provision of electric power by regulated and vertically integrated local natural monopolies to competition and vertical separation. In the first essay I provide a historical context of the electric industry's power current deregulation debate. Then a dynamic model of induced institutional change is used to investigate how endogenous technological advancements have induced radical institutional change in the generation and transmission segments of the electric power industry. ^ Because the Federal Energy Regulatory Commission (FERC) ordered regulated utilities to provide open access to their transmission networks and to separate their generation and transmission functions, transmission networks have been used more intensively and in much different ways then in the past. The second essay tests experimentally the predictions of neoclassical theory for a radial electric power market under two alternative deregulated transmission institutions: financial transmission rights and physical transmission rights. Experimental evidence presented there demonstrates that an electric power market with physical transmission rights governing its transmission network generates more “right” market signals relative to a transmission network governed by financial transmission rights. ^ The move to a greater reliance on markets for electric power is an idea that has animated sweeping and dramatic changes in the traditional business of electric power. The third essay examines two of the most innovative and complex initiatives of making electric power markets in the United States: California and PJM. As those markets mature and others are made, they must revise their governance mechanisms to eliminate rules that create inefficiency and adopt rules that work efficiently elsewhere. I argue that restructured electric power markets in the United States we should consider adopting an integrated procurement approach for electric power and ancillary services, binding forward markets for those commodities, and a market for physical transmission rights. ^