Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management - Rilegato

Shahidehpour, Mohammad; Yamin, Hatim; Li, Zuyi

Rilegato

ISBN 10: 0471443379 ISBN 13: 9780471443377

Casa editrice: IEEE, 2002

Riassunto

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.

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Informazioni sull?autore

MOHAMMAD SHAHIDEHPOUR is Professor of Electrical and ComputerEngineering at the Illinois Institute of Technology. He is a Fellowof the IEEE and has served as a consultant for major energycompanies during the last twenty years.

HATIM YAMIN, PhD, is with ABB Energy Information Systems, a globalunit of the energy industry worldwide, and has served as a facultymember in the Power Engineering Department at Yarmouk University inJordan.

ZUYI LI, PhD, is with Global Energy Market Solutions, Inc. and hasbeen affiliated with the Electric Power and Power ElectronicsCenter at the Illinois Institute of Technology.

Dalla quarta di copertina

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.

Dettagli dell'edizione

• Editore: IEEE
• Data di pubblicazione: 2002
• Lingua: Inglese
• ISBN 10: 0471443379
• ISBN 13: 9780471443377
• Rilegatura: Copertina rigida
• Numero di pagine: 531
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile