Title :
An integrated costing framework for competitive electricity market
Author :
Chow, K.F. ; Ngan, H.W.
Author_Institution :
Hong Kong Polytech., China
Abstract :
Pricing of electricity in an open competitive market is an integrated issue that deals with balance between economics of return and externality costs, comparison of short-run and long-run incentives of investment, and choice of appropriate economic and energy policy tools for reflecting true costs of supply in competitive electricity markets. A costing framework is proposed in the paper to work out the conceptual issues relating to evaluation of the associated externality costs and environmental impacts. Also, the framework serves to identify appropriate economic and policy tools for internalizing the costs and reflect them through various competitive electricity market pricing tools
Keywords :
costing; electricity supply industry; environmental factors; power system economics; competitive electricity market; competitive electricity market pricing tools; economic policy tools; economics of return; electricity pricing; energy policy tools; environmental costs; environmental impacts; externality costs; integrated costing framework; long-run investment incentives; open competitive market; short-run investment incentives; Costing; Costs; Economic forecasting; Electricity supply industry; Environmental economics; Investments; Monopoly; Power generation; Power generation economics; Pricing;
Conference_Titel :
Power System Technology, 2000. Proceedings. PowerCon 2000. International Conference on
Conference_Location :
Perth, WA
Print_ISBN :
0-7803-6338-8
DOI :
10.1109/ICPST.2000.900120
