Power Market Transformation

Barrie Murray is a well-known author and consultant. Since 1990, he has worked on the development and operation of liberalised electricity markets as the principal of Electricity Market Services Ltd. Recognised as an international expert in power system markets and economics, he has undertaken consultancy assignments around the world providing services to investors, banks, government agencies and utilities engaged in restructuring the industry and implementing power markets. The author has a PhD based on related work, is a Fellow of the UK Institution of Engineering and Technology and a Fellow of the Chartered Management Institute. He acted as a tutor for Bath University developing and tutoring an MSc module.

• Part I: How we arrived at where we areChapter 1: Market developmentsChapter 2: Market technical challengesChapter 3: Impact of developments on market players Part II: Review of low carbon generation technology optionsChapter 4: Emissions and renewable generationChapter 5: Embedded generation issuesChapter 6: Nuclear optionChapter 7: Carbon capture and storage Part III: How are the changes being managed within a market environment?Chapter 8: Wholesale marketsChapter 9: Balancing marketChapter 10: Capacity marketsChapter 11: Cross-border tradingChapter 12: Demand side managementChapter 13: Emissions and interaction with heat, transport and gasChapter 14: Network issues and tariffs Part IV: How do we get to where we want to be?Chapter 15: Developing future scenariosChapter 16: Scenario and risk evaluationChapter 17: Trading in an uncertain environmentChapter 18: Smart flexible gridsChapter 19: Optimum development strategyChapter 20: Key findings