{"product_id":"9780123854667","title":"Electricity Marginal Cost Pricing: Applications in Eliciting Demand Responses","description":"\u003cp\u003ePacked with case studies and practical real-world examples, \u003ci\u003eElectricity Marginal Cost Pricing Principles\u003c\/i\u003e allows regulators, engineers and energy economists to choose the pricing model that best fits their individual market.\u003c\/p\u003e \u003cp\u003eWritten by an author with 13 years of practical experience, the book begins with a clear and rigorous explanation of the theory of efficient pricing and how it impacts investor-owned, publicly-owned, and cooperatively-owned utilities using tried and true methods such as multiple-output, functional form, and multiproduct cost models. The author then moves on to include self-contained chapters on applying estimating cost models, including a cubic cost specification and policy implications while supplying actual data and examples to allow regulators, energy economists, and engineers to get a feel for the methods with which efficient prices are derived in today’s challenging electricity market.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eA guide to cost issues surrounding the generation, transmission, and distribution of electricity \u003c\/li\u003e\n\u003cli\u003eClearly explains cost models which can yield the marginal cost of supplying electricity to end-users\u003c\/li\u003e\n\u003cli\u003eReal-world examples that are practical, meaningful, and easy to understand\u003c\/li\u003e\n\u003cli\u003eExplans the policy implications of each example \u003c\/li\u003e\n\u003cli\u003eProvide suggestions to aid in the formation of  the optimal market price\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Elsevier Science","offers":[{"title":"Default Title","offer_id":47079694401776,"sku":"9780123854667","price":99.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780123854667_p0.jpg?v=1763639954","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780123854667","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}