(IEEE Press Series on Power Engineering) 1st Edition
by Jeremy Lin (Author), Fernando H. Magnago (Author)
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.
