CHAPTER 1 INTRODUCTION TO THE ELECTRICITY MARKET
1.1 From Power Systems to Electricity Markets
1.2 Why Reform the Electricity Supply Industry?
1.3 Operation of the Traditional Utility
1.4 Restructuring, Liberalisation and Deregulation
1.5 Four Basic Electricity Market Models
1.6 Malaysia: A Gradual Reform Path
1.7 Chapter Summary
1.8 Review Questions and Problems
CHAPTER 2 SINGLE BUYER ENERGY TRADING
2.1 Introduction
2.2 Why the Single Buyer Model Emerged
2.3 Market Structure
2.4 Key Market Participants and Responsibilities
2.5 Power Purchase Agreements (PPAs)
2.6 How the Single Buyer Operates
2.7 Metering, Energy Settlement and Capacity Settlement
2.8 Worked Example: Single Buyer Market
2.9 Chapter Summary
2.10 Review Questions and Problems
CHAPTER 3 POOL MARKET TRADING
3.1 Introduction
3.2 Market Structure
3.3 Market Rules
3.4 Market Price
3.5 Market Settlement
3.6 Market Operation
3.7 Advantages and Disadvantages of Pool Market Trading
3.8 Worked Example
3.9 Summary
3.10 Review Questions and Problems
CHAPTER 4 BILATERAL CONTRACT TRADING
4.1 Introduction
4.2 Market Structure and Features
4.3 Trading Arrangement
4.4 Future and Forward Contracts
4.5 Balancing Market
4.6 Market Settlement
4.7 Advantages and Disadvantages
4.8 Worked Example
4.9 Summary
4.10 Review Questions and Problems
CHAPTER 5 HYBRID (COMBINED POOL–BILATERAL) MARKET TRADING
5.1 Introduction
5.2 Market Structure
5.3 Characteristics of Hybrid Markets
5.4 Combined Dispatch
5.5 Advantages and Disadvantages
5.6 Examples of Hybrid Markets
5.7 Worked Example
5.8 Summary
5.9 Review Questions and Problems
CHAPTER 6 TRANSMISSION ACCESS AND CHARGES
6.1 Introduction
6.2 The Transmission Network in an Electricity Market
6.3 Transmission Access and Third-Party Access (TPA)
6.4 From Commercial Transaction to Physical Delivery
6.5 Objectives of Transmission Charging
6.6 Components of Transmission Costs
6.7 Who Should Pay for the Transmission Network?
6.8 Types of Transmission Charges
6.9 Transmission Charging Approaches
6.10 Transmission Usage Allocation
6.11 GGDF and GLDF for Pool-Market Allocation
6.12 Relationship between Distribution Factors and MW-Mile Charging
6.13 Limitations and Alternative Power-Flow Tracing Methods .
6.14 Worked Examples
6.15 Transmission Access in Malaysia: CRESS as an Example
6.16 Summary
6.17 Review Questions and Problems