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Power System Operations And Electricity Markets

Author: Fred I. Denny
Publisher: CRC Press
ISBN: 1420058452
Size: 70.22 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: 1119179351
Size: 43.24 MB
Format: PDF, ePub
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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.

Advances In Electric Power And Energy Systems

Author: Mohamed E. El-Hawary
Publisher: John Wiley & Sons
ISBN: 1118171349
Size: 79.92 MB
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A comprehensive review of state-of-the-art approaches to power systems forecasting from the most respected names in the field, internationally Advances in Electric Power and Energy Systems is the first book devoted exclusively to a subject of increasing urgency to power systems planning and operations. Written for practicing engineers, researchers, and post-grads concerned with power systems planning and forecasting, this book brings together contributions from many of the world’s foremost names in the field who address a range of critical issues, from forecasting power system load to power system pricing to post-storm service restoration times, river flow forecasting, and more. In a time of ever-increasing energy demands, mounting concerns over the environmental impacts of power generation, and the emergence of new, smart-grid technologies, electricity price forecasting has assumed a prominent role within both the academic and industrial arenas. Short-run forecasting of electricity prices has become necessary for power generation unit schedule, since it is the basis of every maximization strategy. This book fills a gap in the literature on this increasingly important topic. Following an introductory chapter offering background information necessary for a full understanding of the forecasting issues covered, this book: Introduces advanced methods of time series forecasting, as well as neural networks Provides in-depth coverage of state-of-the-art power system load forecasting and electricity price forecasting Addresses river flow forecasting based on autonomous neural network models Deals with price forecasting in a competitive market Includes estimation of post-storm restoration times for electric power distribution systems Features contributions from world-renowned experts sharing their insights and expertise in a series of self-contained chapters Advances in Electric Power and Energy Systems is a valuable resource for practicing engineers, regulators, planners, and consultants working in or concerned with the electric power industry. It is also a must read for senior undergraduates, graduate students, and researchers involved in power system planning and operation.

Restructured Electric Power Systems

Author: Xiao-Ping Zhang
Publisher: John Wiley & Sons
ISBN: 9781118017074
Size: 30.56 MB
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The latest practical applications of electricity market equilibrium models in analyzing electricity markets Electricity market deregulation is driving the power energy production from a monopolistic structure into a competitive market environment. The development of electricity markets has necessitated the need to analyze market behavior and power. Restructured Electric Power Systems reviews the latest developments in electricity market equilibrium models and discusses the application of such models in the practical analysis and assessment of electricity markets. Drawing upon the extensive involvement in the research and industrial development of the leading experts in the subject area, the book starts by explaining the current developments of electrical power systems towards smart grids and then relates the operation and control technologies to the aspects in electricity markets. It explores: The problems of electricity market behavior and market power Mathematical programs with equilibrium constraints (MPEC) and equilibrium problems with equilibrium constraints (EPEC) Tools and techniques for solving the electricity market equilibrium problems Various electricity market equilibrium models State-of-the-art techniques for computing the electricity market equilibrium problems The application of electricity market equilibrium models in assessing the economic benefits of transmission expansions for market environments, forward and spot markets, short-term power system security, and analysis of reactive power impact Also featured are computational resources to allow readers to develop algorithms on their own, as well as future research directions in modeling and computational techniques in electricity market analysis. Restructured Electric Power Systems is an invaluable reference for electrical engineers and power system economists from power utilities and for professors, postgraduate students, and undergraduate students in electrical power engineering, as well as those responsible for the design, engineering, research, and development of competitive electricity markets and electricity market policy.

Market Operations In Electric Power Systems

Author: Mohammad Shahidehpour
Publisher: John Wiley & Sons
ISBN: 0471463949
Size: 49.94 MB
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An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * 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 professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.

Electric Energy Systems

Author: Antonio Gomez-Exposito
Publisher: CRC Press
ISBN: 1351837699
Size: 13.30 MB
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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.

Operation Of Market Oriented Power Systems

Author: Yong-Hua Song
Publisher: Springer Science & Business Media
ISBN: 9781852336707
Size: 76.36 MB
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Internationally, the electric power industry is currently undergoing unprecedented reform. The deregulation of the electricity supply industry has introduced new opportunities for competition and has made the maintenance of economic and reliable supplies of electricity a tremendous challenge. Faced by an increasingly complicated existence, power utilities need efficient tools to ensure that electrical energy of the quality desired can be provided at the lowest possible cost. Operation of Market-oriented Power Systems provides effective computational tools for the efficient operation of restructured power systems covering all the major operational issues such as: • congestion management; • available transfer capability calculations; • price forecasting and optimal bidding strategies; • a review of international research and world-wide industrial practice covered in each chapter gives the reader a broader understanding of the state of the art in this exciting field. Operation of Market-oriented Power Systems will be a useful reference for professional engineers and researchers in the operation and control of modern power systems as all within the power industry face up to the changes required to provide safe, reliable and profitable electricity in an increasingly competitive market.

Economic Market Design And Planning For Electric Power Systems

Author: James A. Momoh
Publisher: John Wiley & Sons
ISBN: 9780470529157
Size: 53.50 MB
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Discover cutting-edge developments in electric power systems Stemming from cutting-edge research and education activities in the field of electric power systems, this book brings together the knowledge of a panel of experts in economics, the social sciences, and electric power systems. In ten concise and comprehensible chapters, the book provides unprecedented coverage of the operation, control, planning, and design of electric power systems. It also discusses: A framework for interdisciplinary research and education Modeling electricity markets Alternative economic criteria and proactive planning for transmission investment in deregulated power systems Payment cost minimization with demand bids and partial capacity cost compensations for day-ahead electricity auctions Dynamic oligopolistic competition in an electric power network and impacts of infrastructure disruptions Reliability in monopolies and duopolies Building an efficient, reliable, and sustainable power system Risk-based power system planning integrating social and economic direct and indirect costs Models for transmission expansion planning based on reconfiguration capacitor switching Next-generation optimization for electric power systems Most chapters end with a bibliography, closing remarks, conclusions, or future work. Economic Market Design and Planning for Electric Power Systems is an indispensable reference for policy-makers, executives and engineers of electric utilities, university faculty members, and graduate students and researchers in control theory, electric power systems, economics, and the social sciences.

Power Grid Operation In A Market Environment

Author: Hong Chen
Publisher: John Wiley & Sons
ISBN: 1118984544
Size: 29.64 MB
Format: PDF
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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).

Electrical Power System Essentials

Author: Pieter Schavemaker
Publisher: John Wiley & Sons
ISBN: 9780470987681
Size: 41.64 MB
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Much of the basic hardware that generates, transmits and distributes electricity has changed little over the past century. However, the techniques applied in the power system have advanced, leading to greater transformer efficiency and more economic transmission and distribution. As the demand for electricity in both the developed and developing world increases, governments and electricity providers continue to look for alternative means of creating energy through renewable sources. Today’s needs also include well-designed systems that are capable of producing large quantities of electricity in the safest, most cost-effective way for the benefit of both individuals and industry. This book provides an accessible introduction to the interesting world of alternating current (AC) power systems, focusing on the system as a whole. After laying out the basics for a steady-state analysis of three-phase power systems, the book examines: the generation, transmission, distribution, and utilization of electric energy; the principles of thermal, nuclear and renewable energy plants; power system control and operation; the organization of electricity markets, the changes currently taking place, and the developments that could lead to alternative power systems in the future. Inside, you will find appendices that support the key text, supplying information on the modeling of power system components and including basic equations derived from Maxwell’s laws. Numerous practical examples, case studies and illustrations, demonstrate the theory, techniques and results presented in the text, and accompanying Powerpoint slides are available on a supplementary website. With its pragmatic approach, Power System Essentials is ideal for senior undergraduate students in electrical engineering who require an up-to-date overview of the subject. This book also acts as a concise reference, suitable for postgraduates and professionals from a range of disciplines who would like to work in this field.