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Power

Power

Mr Munir Hassan | Mr Rajan Phakey

(2017)

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Book Details

Abstract

With world electricity demand expected to double by 2030, the power sector is under increasing pressure to modernise and rise to the challenge of meeting global needs. While some countries are pressing ahead with conventional fossil-fuel based generation as a means of quickly meeting the needs of their rapidly expanding economies, in other countries the push for decarbonisation and diversification of the energy supply mix is beginning to take place at a rapid pace. The pace of expansion, technological challenges and political and social objectives are transforming the power sector. Power: A Practical Handbook is aimed at readers looking for a single source which focuses on the key issues, with an emphasis on the practical approach to those issues in the real world. It is a comprehensive guide to understanding the commercial, economic and legal principles that underpin the power sector. Topics covered include significant energy policies in recent years; an explanation of industry structures and legal frameworks; economic perspectives on market liberalisation and the regulation of monopoly power networks; a look at conventional and renewables generation technologies and the issues arising from those; and smart meters and smart grids. The book also covers subjects connected to the development of power projects including financing issues, construction, operation and maintenance arrangements, fuel supply agreements, approaches to power offtake, electricity trading and environmental issues. Edited by Munir Hassan, Partner and Head of Clean Energy at CMS, and Rajan Phakey, a Partner at Dentons, the book includes contributions by leading experts from energy utilities, project developers, lawyers, economists, academics and financiers.

Table of Contents

Section Title Page Action Price
Front Cover 1
Title 2
Copyright 3
Table of contents 4
Foreword Dame Fiona Woolf, DBE 6
Part I: Introduction 8
Introduction Munir Hassan CMS London 8
Part II: Industry structures\rand regulation 10
Power industries: structures and legal frameworks Marianne Anton Munir Hassan CMS LondonDalia Majumder-Russell Linklaters 10
Market liberalisation and organisation: an economic perspective\rNick Elms\rFrontier Economics 28
Part III: Technologies and issues arising from them 50
Introduction to nuclear power\rRupert Cowen\rJonathan Leech\rProspect Law 50
Conventional power plants: technical and commercial issues\rMilagros Miranda Rojas\rFormer policy director at the\rWorld Coal Association 68
Renewable energy: from energy hunter-gatherers to energy farmers\rThomas Leonard\rDNV GL Energy 86
New renewable technologies\rNicholas Kelly\rKelly Legal\rDalia Majumder-Russell\rLinklaters 96
Part IV: Developing power projects 122
Power financing\rHugo Coetzee\rCMS London 122
Construction\rIan Dalley\rDentons 134
O&M contracts and long-term service arrangements\rNicholas Hilder\rAshurst LLP 148
Environmental and planning issues\rAngus Evers\rShoosmiths 164
Part V: Fuel supply, offtake and trading arrangements 180
Independent power projects and offtake arrangements\rRajan Phakey\rDentons 180
Trading electricity\rRajan Phakey\rDentons\rNeil Schofield\rFinancial Markets Training Ltd 200
Part VI: Electricity networks: a broader perspective 218
Regulating monopoly infrastructure: an economic perspective\rPhil Burns\rFrontier Economics 218
Power to the people: the Smart Grid and the democratisation of energy\rThomas Leonard\rFrits Verheij\rDNV GL Energy\rJohn Scott\rChiltern Power 236
About the authors 248