Power Systems Economics in a Competitive Environment
(Sprache: Englisch)
With the rising cost of fossil fuels and the recent power supply shortages in the U.S., interest in power system economics is gaining momentum. Independent power generators, brokers, and distributors have changed the way in which power systems operate....
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With the rising cost of fossil fuels and the recent power supply shortages in the U.S., interest in power system economics is gaining momentum. Independent power generators, brokers, and distributors have changed the way in which power systems operate. Fundamentals of Power System Economics uses a combination of traditional engineering techniques and fundamental economics to address the long-term problems of power system development in a competitive environment. This unique book is essential for anyone who wishes to develop an understanding of the economics behind power system development and electricity trading. A solutions manual will be provided to accompany the problems illustrated throughout the book.
Klappentext zu „Power Systems Economics in a Competitive Environment “
Interest in power systems economics is gaining momentum with the recent power supply shortages in America and the rising cost of fossil fuels. The involvement of independent power generators, brokers and distributors has changed the way in which power systems operate. Kirschen and Strbac use a combination of traditional engineering techniques and fundamental economics to address the long-term problems of power system development in a competitive environment. Power system engineers, operators, planners and policy makers working in the deregulated environment will value this practical guide, also of great interest to postgraduate and advanced undergraduate students in electrical and power engineering. * Outlines the principles of competitive electricity markets alongside the operation and development of the supporting transmission and distribution networks * Applies basic economic principles to power system operating and planning * Written by recognised experts in the field
Inhaltsverzeichnis zu „Power Systems Economics in a Competitive Environment “
Preface. 1. Introduction. 1. Why Competition? 2. Dramatis Personae. 3. Models of Competition. 4. Open Questions. 5. Further Reading. 6. Problems. 2. Basic Concepts from Economics. 1. Introduction. 2. Fundamentals of Markets. 3. Concepts from the Theory of the Firm. 4. Types of Markets. 5. Markets with Imperfect Competition. 6. Further Reading. 7. Problems. 3. Markets for Electrical Energy. 1. Introduction. 2. What is the Difference between a Megawatt-hour and a Barrel of Oil? 3. The Need for a Managed Spot Market. 4. Open Electrical Energy Markets. 5. The Managed Spot Market. 6. The Settlement Process. 7. Further Reading. 8. Problems. 4. Participating in Markets for Electrical Energy. 1. Introduction. 2. The Consumer's Perspective. 3. The Producer's Perspective. 4. Perspective of Plants with Very Low Marginal Costs. 5. The Hybrid Participant's Perspective. 6. Further Reading. 7. Problems. 5. System Security and Ancillary Services. 1. Introduction. 2. Describing the needs. 3. Obtaining Ancillary Services. 4. Buying Ancillary Services. 5. Selling Ancillary Services. 6. Further Reading. 7. Problems. 6. Transmission Networks and Electricity Markets. 1. Introduction. 2. Decentralized Trading over a Transmission Network. 3. Centralized Trading over a Transmission Network. 4. Further Reading. 5. Problems. 7. Investing in Generation. 1. Introduction. 2. Generation Capacity from an Investor's Perspective. 3. Generation Capacity from a Customer's Perspective. 4. Further Reading. 5. Problems. 8. Investing in Transmission. 1. Introduction. 2. The Nature of the Transmission Business. 3. Cost-based Transmission Expansion. 4. Value-based Transmission Expansion. 5. Further Reading. 6. Problems. Appendix: Answers to Selected Problems. Abbreviations and Acronyms. Index.
Bibliographische Angaben
- Autoren: Daniel Kirschen , Goran Strbac
- 2004, 296 Seiten, Maße: 23 cm, Gebunden, Englisch
- Verlag: Wiley & Sons
- ISBN-10: 0470845724
- ISBN-13: 9780470845721
Sprache:
Englisch
Pressezitat
"...this is an interesting book that can help practicing electrical engineers and understand the basic economics behind the competitive electricity markets." ( IEEE Power & Energy Magazine , July/August 2006)"...excellent textbook on this important area ... rightly emphasizes the broad principles underlying all the main electricity markets around the world." ( International Journal of Electrical Engineering Education, 42:3, 2006)
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