Power Generation, Operation and Control

Preface to the Third Edition xvii
 
Preface to the Second Edition xix
 
Preface to the First Edition xxi
 
Acknowledgment xxiii
 
1 Introduction 1
 
1.1 Purpose of the Course / 1
 
1.2 Course Scope / 2
 
1.3 Economic Importance / 2
 
1.4 Deregulation: Vertical to Horizontal / 3
 
1.5 Problems: New and Old / 3
 
1.6 Characteristics of Steam Units / 6
 
1.7 Renewable Energy / 22
 
APPENDIX 1A Typical Generation Data / 26
 
APPENDIX 1B Fossil Fuel Prices / 28
 
APPENDIX 1C Unit Statistics / 29
 
References for Generation Systems / 31
 
Further Reading / 31
 
2 Industrial Organization, Managerial Economics, and Finance 35
 
2.1 Introduction / 35
 
2.2 Business Environments / 36
 
2.3 Theory of the Firm / 40
 
2.4 Competitive Market Solutions / 42
 
2.5 Supplier Solutions / 45
 
2.6 Cost of Electric Energy Production / 53
 
2.7 Evolving Markets / 54
 
2.8 Multiple Company Environments / 58
 
2.9 Uncertainty and Reliability / 61
 
PROBLEMS / 61
 
Reference / 62
 
3 Economic Dispatch of Thermal Units and Methods of Solution 63
 
3.1 The Economic Dispatch Problem / 63
 
3.2 Economic Dispatch with Piecewise Linear Cost Functions / 68
 
3.3 LP Method / 69
 
3.4 The Lambda Iteration Method / 73
 
3.5 Economic Dispatch Via Binary Search / 76
 
3.6 Economic Dispatch Using Dynamic Programming / 78
 
3.7 Composite Generation Production Cost Function / 81
 
3.8 Base Point and Participation Factors / 85
 
3.9 Thermal System Dispatching with Network Losses Considered / 88
 
3.10 The Concept of Locational Marginal Price (LMP) / 92
 
3.11 Auction Mechanisms / 95
 

APPENDIX 3A Optimization Within Constraints / 106
 
APPENDIX 3B Linear Programming (LP) / 117
 
APPENDIX 3C Non-Linear

ALLEN J. WOOD joined Power Technologies, Inc., in 1969 as a Principal Engineer and Director. He was a Life Fellow of IEEE and served as an adjunct professor in the Electric Power Engineering graduate program at Rensselaer Polytechnic Institute. Dr. Wood passed away in 2011.
 
BRUCE F. WOLLENBERG joined the University of Minnesota in 1989 and made original contributions to the understanding of electric power market structures. He is a Life Fellow of the IEEE and a member of the National Academy of Engineering.
 
GERALD B. SHEBLÉ joined Auburn University in 1990 to conduct research in power system, space power, and electric auction market research. He joined Iowa State University to conduct research in the interaction of markets and power system operation. His academic research has continued to center on the action of the markets based on the physical operation of the power system. He is a Fellow of the IEEE.

"Without a doubt, this book makes admirable progress in integrating the -traditional with the new, and, as such, it is a worthy addition to professional libraries. It is a valuable text for a one- or two-course sequence in a graduate curriculum in power systems. Reasonable resource support for both student and instructor is available through the publisher." ( IEEE , 1 July 2014)