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Provides econometric analysis of power markets around the world, gives an understanding of their particular characteristics, and assesses the applicability of various methods of price modelling. This book focuses on financial engineering, industrial economics and power systems analysis, as they relate to the behaviour of electricity markets.
The use of systems models is becoming increasingly popular in the energy industry to investigate regulatory prices, environmental issues, strategic competitive behavior, broader markets and the impact of privatizations. This book addresses the new challenges to modelling as a result of the trend away from planned economies to new market structures.
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