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Power System Operations And Electricity Markets

Author: Fred I. Denny
Publisher: CRC Press
ISBN: 1420058452
Size: 37.74 MB
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The electric power industry in the U.S. has undergone dramatic changes in recent years. Tight regulations enacted in the 1970's and then de-regulation in the 90's have transformed it from a technology-driven industry into one driven by public policy requirements and the open-access market. Now, just as the utility companies must change to ensure their survival, engineers and other professionals in the industry must acquire new skills, adopt new attitudes, and accommodate other disciplines. Power System Operations and Electricity Markets provides the information engineers need to understand and meet the challenges of the new competitive environment. Integrating the business and technical aspects of the restructured power industry, it explains, clearly and succinctly, how new methods for power systems operations and energy marketing relate to public policy, regulation, economics, and engineering science. The authors examine the technologies and techniques currently in use and lay the groundwork for the coming era of unbundling, open access, power marketing, self-generation, and regional transmission operations. The rapid, massive changes in the electric power industry and in the economy have rendered most books on the subject obsolete. Based on the authors' years of front-line experience in the industry and in regulatory organizations, Power System Operations and Electricity Markets is current, insightful, and complete with Web links that will help readers stay up to date.

Electricity Markets

Author: Jeremy Lin
Publisher: John Wiley & Sons
ISBN: 1119179378
Size: 69.80 MB
Format: PDF, Mobi
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A comprehensive resource that provides the basic concepts of electric power systems, microeconomics, and optimization techniques Electricity Markets: Theories and Applications offers students and practitioners a clear understanding of the fundamental concepts of the economic theories, particularly microeconomic theories, as well as information on some advanced optimization methods of electricity markets. The authors—noted experts in the field—cover the basic drivers for the transformation of the electricity industry in both the United States and around the world and discuss the fundamentals of power system operation, electricity market design and structures, and electricity market operations. The text also explores advanced topics of power system operations and electricity market design and structure including zonal versus nodal pricing, market performance and market power issues, transmission pricing, and the emerging problems electricity markets face in smart grid and micro-grid environments. The authors also examine system planning under the context of electricity market regime. They explain the new ways to solve problems with the tremendous amount of economic data related to power systems that is now available. This important resource: Introduces fundamental economic concepts necessary to understand the operations and functions of electricity markets Presents basic characteristics of power systems and physical laws governing operation Includes mathematical optimization methods related to electricity markets and their applications to practical market clearing issues Electricity Markets: Theories and Applications is an authoritative text that explores the basic concepts of the economic theories and key information on advanced optimization methods of electricity markets.

Electric Energy Systems

Author: Antonio Gomez Exposito
Publisher: CRC Press
ISBN: 9781420007275
Size: 46.83 MB
Format: PDF, ePub
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As demonstrated by recent major blackouts, power grids and their associated markets play a vital role in the operation of our society. Understanding how electric generation, transmission, and delivery systems interact and operate is paramount to guaranteeing reliable sources of electricity. Electric Energy Systems offers highly comprehensive and detailed coverage of power systems operations, uniquely integrating technical and economic analyses. The book fully develops classical subjects such as load flow, short-circuit analysis, and economic dispatch within the context of the new deregulated, competitive electricity markets. With contributions from 24 internationally recognized specialists in power engineering, the text also presents a wide range of advanced topics including harmonic load flow, state estimation, and voltage and frequency control as well as electromagnetic transients, fault analysis, and angle stability. A well-needed and updated extension on classical power systems analysis books, Electric Energy Systems provides an in-depth analysis of the most relevant issues affecting the blood-line of our society, the generation and transmission systems for electric energy.

Market Operations In Electric Power Systems

Author: Mohammad Shahidehpour
Publisher: John Wiley & Sons
ISBN: 0471463949
Size: 23.33 MB
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An essential overview of post-deregulation market operations in electrical power systems Until recently the U.S. electricity industry was dominated by vertically integrated utilities. It is now evolving into a distributive and competitive market driven by market forces and increased competition. With electricity amounting to a $200 billion per year market in the United States, the implications of this restructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components of restructuring? How is the new structure different from the old monopoly? How are the participants strategizing their options to maximize their revenues? What are the market risks and how are they evaluated? How are interchange transactions analyzed and approved? Starting with a background sketch of the industry, this hands-on reference provides insights into the new trends in power systems operation and control, and highlights advanced issues in the field. Written for both technical and nontechnical professionals involved in power engineering, finance, and marketing, this must-have resource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unit commitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers, consultants, researchers, financial managers, university professors and students, and other professionals in the industry a comprehensive review of electricity restructuring and how its radical effects will shape the market.

Electricity Markets And Power System Economics

Author: Deqiang Gan
Publisher: CRC Press
ISBN: 1466501693
Size: 76.53 MB
Format: PDF
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After the first power plant in history was commissioned for commercial operation by Thomas Edison on Pearl Street in New York in 1882, electricity was sold as a consumer product at market prices. After a period of rapid development, electricity had become such a fundamental product that regulation was believed to be necessary. Since then, the power industry had been considered a natural monopoly and undergone periods of tight regulation. Deregulation started in the early 1980s and as a result, most developed countries run their power industries using a market approach. With the theories and rules of electricity markets developing rapidly, it is often difficult for beginners to start learning and difficult for those in the field to keep up. Bringing together information previously scattered among various journals and scholarly articles, Electricity Markets and Power System Economics provides a comprehensive overview of the current state of development in the electricity market. It introduces the fundamental principles of power system operation so that even those with a basic understanding can benefit from the book. The book includes a series of consistent mathematical models of market operation of power systems, and original cases with solutions. Systematically describing the basic building blocks of electricity market theory, the book provides a guide to underlying theory and mainstream market rules.

Power System Operation

Author: Robert Miller
Publisher: McGraw Hill Professional
ISBN: 9780070419773
Size: 17.89 MB
Format: PDF, Mobi
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The best-selling power system operation manual ever published--NOW IN AN ALL-NEW EDITION! For over 30 years more electrical power professionals have used this guide for safe, economical system operation than any other in print. Why? Because Power System Operation, by Robert Miller and James Malinowski, presents more of the fundamental principles and methods dispatchers and operators need in a clear, easy-to-understand style. Now this third edition has been expanded by 50% to cover even more: VAR flows; Power system control; Telemetering methods; Supervisory control and data acquisition methods; System control, protection and stability; System reliability factors, Power system energy transfer; Energy accounting in interconnected operations; Operating systems most economically; EHV operation; Power system communications; Impedance of parallel circuits; Effects of resistance on impedance.

Power Generation Operation And Control

Author: Allen J. Wood
Publisher: John Wiley & Sons
ISBN: 1118733916
Size: 17.92 MB
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A thoroughly revised new edition of the definitive work on power systems best practices In this eagerly awaited new edition, Power Generation, Operation, and Control continues to provide engineers and academics with a complete picture of the techniques used in modern power system operation. Long recognized as the standard reference in the field, the book has been thoroughly updated to reflect the enormous changes that have taken place in the electric power industry since the Second Edition was published seventeen years ago. With an emphasis on both the engineering and economic aspects of energy management, the Third Edition introduces central "terminal" characteristics for thermal and hydroelectric power generation systems, along with new optimization techniques for tackling real-world operating problems. Readers will find a range of algorithms and methods for performing integrated economic, network, and generating system analysis, as well as modern methods for power system analysis, operation, and control. Special features include: State-of-the-art topics such as market simulation, multiple market analysis, contract and market bidding, and other business topics Chapters on generation with limited energy supply, power flow control, power system security, and more An introduction to regulatory issues, renewable energy, and other evolving topics New worked examples and end-of-chapter problems A companion website with additional materials, including MATLAB programs and power system sample data sets

Power System Economic And Market Operations

Author: Jin Zhong
Publisher: CRC Press
ISBN: 1351180053
Size: 66.50 MB
Format: PDF, Kindle
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Power system operation is one of the important issues in the power industry. The book aims to provide readers with the methods and algorithms to save the total cost in electricity generation and transmission. It begins with traditional power systems and builds into the fundamentals of power system operation, economic dispatch (ED), optimal power flow (OPF), and unit commitment (UC). The book covers electricity pricing mechanisms, such as nodal pricing and zonal pricing, based on Security-Constrained ED (SCED) or SCUC. The operation of energy market and ancillary service market are also explored.

Power Grid Operation In A Market Environment

Author: Hong Chen
Publisher: John Wiley & Sons
ISBN: 1118984544
Size: 28.14 MB
Format: PDF, Mobi
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"This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretical advancements. The book id divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in electricity markets. The second part discusses developing technologies to strengthen the use of the grid in electricity markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC), as well as the reserves needed for power system operation. The fourth part presents ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. [...]" (source : 4ème de couverture).

Competitive Electricity Markets

Author: Fereidoon P. Sioshansi
Publisher: Elsevier
ISBN: 9780080557717
Size: 42.84 MB
Format: PDF, Kindle
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After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide