Author: Steven W. Blume
Publisher: John Wiley & Sons
ISBN: 1119180198
Category : Technology & Engineering
Languages : en
Pages : 262
Book Description
The second edition of Steven W. Blume’s bestseller provides a comprehensive treatment of power technology for the non-electrical engineer working in the electric power industry This book aims to give non-electrical professionals a fundamental understanding of large interconnected electrical power systems, better known as the “Power Grid”, with regard to terminology, electrical concepts, design considerations, construction practices, industry standards, control room operations for both normal and emergency conditions, maintenance, consumption, telecommunications and safety. The text begins with an overview of the terminology and basic electrical concepts commonly used in the industry then it examines the generation, transmission and distribution of power. Other topics discussed include energy management, conservation of electrical energy, consumption characteristics and regulatory aspects to help readers understand modern electric power systems. This second edition features: New sections on renewable energy, regulatory changes, new measures to improve system reliability, and smart technologies used in the power grid system Updated practical examples, photographs, drawing, and illustrations to help the reader gain a better understanding of the material “Optional supplementary reading” sections within most chapters to elaborate on certain concepts by providing additional detail or background Electric Power System Basics for the Nonelectrical Professional, Second Edition, gives business professionals in the industry and entry-level engineers a strong introduction to power technology in non-technical terms. Steve W. Blume is Founder of Applied Professional Training, Inc., APT Global, LLC, APT College, LLC and APT Corporate Training Services, LLC, USA. Steve is a registered professional engineer and certified NERC Reliability Coordinator with a Master's degree in Electrical Engineering specializing in power and a Bachelor's degree specializing in Telecommunications. He has more than 25 years’ experience teaching electric power system basics to non-electrical professionals. Steve's engineering and operations experience includes generation, transmission, distribution, and electrical safety. He is an active senior member in IEEE and has published two books in power systems through IEEE and Wiley.
Electrical Power System Essentials
Author: Pieter Schavemaker
Publisher: John Wiley & Sons
ISBN: 1118803477
Category : Science
Languages : en
Pages : 437
Book Description
The electrical power supply is about to change; future generation will increasingly take place in and near local neighborhoods with diminishing reliance on distant power plants. The existing grid is not adapted for this purpose as it is largely a remnant from the 20th century. Can the grid be transformed into an intelligent and flexible grid that is future proof? This revised edition of Electrical Power System Essentials contains not only an accessible, broad and up-to-date overview of alternating current (AC) power systems, but also end-of-chapter exercises in every chapter, aiding readers in their understanding of the material introduced. With an original approach the book covers the generation of electric energy from thermal power plants as from renewable energy sources and treats the incorporation of power electronic devices and FACTS. Throughout there are examples and case studies that back up the theory or techniques presented. The authors set out information on mathematical modelling and equations in appendices rather than integrated in the main text. This unique approach distinguishes it from other text books on Electrical Power Systems and makes the resource highly accessible for undergraduate students and readers without a technical background directly related to power engineering. After laying out the basics for a steady-state analysis of the three-phase power system, the book examines: generation, transmission, distribution, and utilization of electric energy wind energy, solar energy and hydro power power system protection and circuit breakers power system control and operation the organization of electricity markets and the changes currently taking place system blackouts future developments in power systems, HVDC connections and smart grids The book is supplemented by a companion website from which teaching materials can be downloaded. https://www.wiley.com//legacy/wileychi/powersystem/material.html
Publisher: John Wiley & Sons
ISBN: 1118803477
Category : Science
Languages : en
Pages : 437
Book Description
The electrical power supply is about to change; future generation will increasingly take place in and near local neighborhoods with diminishing reliance on distant power plants. The existing grid is not adapted for this purpose as it is largely a remnant from the 20th century. Can the grid be transformed into an intelligent and flexible grid that is future proof? This revised edition of Electrical Power System Essentials contains not only an accessible, broad and up-to-date overview of alternating current (AC) power systems, but also end-of-chapter exercises in every chapter, aiding readers in their understanding of the material introduced. With an original approach the book covers the generation of electric energy from thermal power plants as from renewable energy sources and treats the incorporation of power electronic devices and FACTS. Throughout there are examples and case studies that back up the theory or techniques presented. The authors set out information on mathematical modelling and equations in appendices rather than integrated in the main text. This unique approach distinguishes it from other text books on Electrical Power Systems and makes the resource highly accessible for undergraduate students and readers without a technical background directly related to power engineering. After laying out the basics for a steady-state analysis of the three-phase power system, the book examines: generation, transmission, distribution, and utilization of electric energy wind energy, solar energy and hydro power power system protection and circuit breakers power system control and operation the organization of electricity markets and the changes currently taking place system blackouts future developments in power systems, HVDC connections and smart grids The book is supplemented by a companion website from which teaching materials can be downloaded. https://www.wiley.com//legacy/wileychi/powersystem/material.html
Electric Power System Basics for the Nonelectrical Professional
Author: Steven W. Blume
Publisher: John Wiley & Sons
ISBN: 1119180201
Category : Technology & Engineering
Languages : en
Pages : 260
Book Description
The second edition of Steven W. Blume’s bestseller provides a comprehensive treatment of power technology for the non-electrical engineer working in the electric power industry This book aims to give non-electrical professionals a fundamental understanding of large interconnected electrical power systems, better known as the “Power Grid”, with regard to terminology, electrical concepts, design considerations, construction practices, industry standards, control room operations for both normal and emergency conditions, maintenance, consumption, telecommunications and safety. The text begins with an overview of the terminology and basic electrical concepts commonly used in the industry then it examines the generation, transmission and distribution of power. Other topics discussed include energy management, conservation of electrical energy, consumption characteristics and regulatory aspects to help readers understand modern electric power systems. This second edition features: New sections on renewable energy, regulatory changes, new measures to improve system reliability, and smart technologies used in the power grid system Updated practical examples, photographs, drawing, and illustrations to help the reader gain a better understanding of the material “Optional supplementary reading” sections within most chapters to elaborate on certain concepts by providing additional detail or background Electric Power System Basics for the Nonelectrical Professional, Second Edition, gives business professionals in the industry and entry-level engineers a strong introduction to power technology in non-technical terms. Steve W. Blume is Founder of Applied Professional Training, Inc., APT Global, LLC, APT College, LLC and APT Corporate Training Services, LLC, USA. Steve is a registered professional engineer and certified NERC Reliability Coordinator with a Master's degree in Electrical Engineering specializing in power and a Bachelor's degree specializing in Telecommunications. He has more than 25 years’ experience teaching electric power system basics to non-electrical professionals. Steve's engineering and operations experience includes generation, transmission, distribution, and electrical safety. He is an active senior member in IEEE and has published two books in power systems through IEEE and Wiley.
Publisher: John Wiley & Sons
ISBN: 1119180201
Category : Technology & Engineering
Languages : en
Pages : 260
Book Description
The second edition of Steven W. Blume’s bestseller provides a comprehensive treatment of power technology for the non-electrical engineer working in the electric power industry This book aims to give non-electrical professionals a fundamental understanding of large interconnected electrical power systems, better known as the “Power Grid”, with regard to terminology, electrical concepts, design considerations, construction practices, industry standards, control room operations for both normal and emergency conditions, maintenance, consumption, telecommunications and safety. The text begins with an overview of the terminology and basic electrical concepts commonly used in the industry then it examines the generation, transmission and distribution of power. Other topics discussed include energy management, conservation of electrical energy, consumption characteristics and regulatory aspects to help readers understand modern electric power systems. This second edition features: New sections on renewable energy, regulatory changes, new measures to improve system reliability, and smart technologies used in the power grid system Updated practical examples, photographs, drawing, and illustrations to help the reader gain a better understanding of the material “Optional supplementary reading” sections within most chapters to elaborate on certain concepts by providing additional detail or background Electric Power System Basics for the Nonelectrical Professional, Second Edition, gives business professionals in the industry and entry-level engineers a strong introduction to power technology in non-technical terms. Steve W. Blume is Founder of Applied Professional Training, Inc., APT Global, LLC, APT College, LLC and APT Corporate Training Services, LLC, USA. Steve is a registered professional engineer and certified NERC Reliability Coordinator with a Master's degree in Electrical Engineering specializing in power and a Bachelor's degree specializing in Telecommunications. He has more than 25 years’ experience teaching electric power system basics to non-electrical professionals. Steve's engineering and operations experience includes generation, transmission, distribution, and electrical safety. He is an active senior member in IEEE and has published two books in power systems through IEEE and Wiley.
Industrial Power Distribution
Author: Ralph Fehr
Publisher: John Wiley & Sons
ISBN: 1119065089
Category : Technology & Engineering
Languages : en
Pages : 536
Book Description
This new edition of Industrial Power Distribution addresses key areas of electric power distribution from an end-user perspective, which will serve industry professionals and students develop the necessary skills for the power engineering field. Expanded treatment of one-line diagrams, the per-unit system, complex power, transformer connections, and motor applications New topics in this edition include lighting systems and arc flash hazard Concept of AC Power is developed step by step from the basic definition of power Fourier analysis is described in a graphical sense End-of-chapter exercises If you are an instructor and adopted this book for your course, please email [email protected] to get access to the instructor files for this book.
Publisher: John Wiley & Sons
ISBN: 1119065089
Category : Technology & Engineering
Languages : en
Pages : 536
Book Description
This new edition of Industrial Power Distribution addresses key areas of electric power distribution from an end-user perspective, which will serve industry professionals and students develop the necessary skills for the power engineering field. Expanded treatment of one-line diagrams, the per-unit system, complex power, transformer connections, and motor applications New topics in this edition include lighting systems and arc flash hazard Concept of AC Power is developed step by step from the basic definition of power Fourier analysis is described in a graphical sense End-of-chapter exercises If you are an instructor and adopted this book for your course, please email [email protected] to get access to the instructor files for this book.
Electric Power Systems
Author: Alexandra von Meier
Publisher: John Wiley & Sons
ISBN: 0470036400
Category : Technology & Engineering
Languages : en
Pages : 328
Book Description
A clear explanation of the technology for producing and delivering electricity Electric Power Systems explains and illustrates how the electric grid works in a clear, straightforward style that makes highly technical material accessible. It begins with a thorough discussion of the underlying physical concepts of electricity, circuits, and complex power that serves as a foundation for more advanced material. Readers are then introduced to the main components of electric power systems, including generators, motors and other appliances, and transmission and distribution equipment such as power lines, transformers, and circuit breakers. The author explains how a whole power system is managed and coordinated, analyzed mathematically, and kept stable and reliable. Recognizing the economic and environmental implications of electric energy production and public concern over disruptions of service, this book exposes the challenges of producing and delivering electricity to help inform public policy decisions. Its discussions of complex concepts such as reactive power balance, load flow, and stability analysis, for example, offer deep insight into the complexity of electric grid operation and demonstrate how and why physics constrains economics and politics. Although this survival guide includes mathematical equations and formulas, it discusses their meaning in plain English and does not assume any prior familiarity with particular notations or technical jargon. Additional features include: * A glossary of symbols, units, abbreviations, and acronyms * Illustrations that help readers visualize processes and better understand complex concepts * Detailed analysis of a case study, including a Web reference to the case, enabling readers to test the consequences of manipulating various parameters With its clear discussion of how electric grids work, Electric Power Systems is appropriate for a broad readership of professionals, undergraduate and graduate students, government agency managers, environmental advocates, and consumers.
Publisher: John Wiley & Sons
ISBN: 0470036400
Category : Technology & Engineering
Languages : en
Pages : 328
Book Description
A clear explanation of the technology for producing and delivering electricity Electric Power Systems explains and illustrates how the electric grid works in a clear, straightforward style that makes highly technical material accessible. It begins with a thorough discussion of the underlying physical concepts of electricity, circuits, and complex power that serves as a foundation for more advanced material. Readers are then introduced to the main components of electric power systems, including generators, motors and other appliances, and transmission and distribution equipment such as power lines, transformers, and circuit breakers. The author explains how a whole power system is managed and coordinated, analyzed mathematically, and kept stable and reliable. Recognizing the economic and environmental implications of electric energy production and public concern over disruptions of service, this book exposes the challenges of producing and delivering electricity to help inform public policy decisions. Its discussions of complex concepts such as reactive power balance, load flow, and stability analysis, for example, offer deep insight into the complexity of electric grid operation and demonstrate how and why physics constrains economics and politics. Although this survival guide includes mathematical equations and formulas, it discusses their meaning in plain English and does not assume any prior familiarity with particular notations or technical jargon. Additional features include: * A glossary of symbols, units, abbreviations, and acronyms * Illustrations that help readers visualize processes and better understand complex concepts * Detailed analysis of a case study, including a Web reference to the case, enabling readers to test the consequences of manipulating various parameters With its clear discussion of how electric grids work, Electric Power Systems is appropriate for a broad readership of professionals, undergraduate and graduate students, government agency managers, environmental advocates, and consumers.
Electric Distribution Systems
Author: Abdelhay A. Sallam
Publisher: John Wiley & Sons
ISBN: 1119509319
Category : Technology & Engineering
Languages : en
Pages : 628
Book Description
A comprehensive review of the theory and practice for designing, operating, and optimizing electric distribution systems, revised and updated Now in its second edition, Electric Distribution Systems has been revised and updated and continues to provide a two-tiered approach for designing, installing, and managing effective and efficient electric distribution systems. With an emphasis on both the practical and theoretical approaches, the text is a guide to the underlying theory and concepts and provides a resource for applying that knowledge to problem solving. The authors—noted experts in the field—explain the analytical tools and techniques essential for designing and operating electric distribution systems. In addition, the authors reinforce the theories and practical information presented with real-world examples as well as hundreds of clear illustrations and photos. This essential resource contains the information needed to design electric distribution systems that meet the requirements of specific loads, cities, and zones. The authors also show how to recognize and quickly respond to problems that may occur during system operations, as well as revealing how to improve the performance of electric distribution systems with effective system automation and monitoring. This updated edition: • Contains new information about recent developments in the field particularly in regard to renewable energy generation • Clarifies the perspective of various aspects relating to protection schemes and accompanying equipment • Includes illustrative descriptions of a variety of distributed energy sources and their integration with distribution systems • Explains the intermittent nature of renewable energy sources, various types of energy storage systems and the role they play to improve power quality, stability, and reliability Written for engineers in electric utilities, regulators, and consultants working with electric distribution systems planning and projects, the second edition of Electric Distribution Systems offers an updated text to both the theoretical underpinnings and practical applications of electrical distribution systems.
Publisher: John Wiley & Sons
ISBN: 1119509319
Category : Technology & Engineering
Languages : en
Pages : 628
Book Description
A comprehensive review of the theory and practice for designing, operating, and optimizing electric distribution systems, revised and updated Now in its second edition, Electric Distribution Systems has been revised and updated and continues to provide a two-tiered approach for designing, installing, and managing effective and efficient electric distribution systems. With an emphasis on both the practical and theoretical approaches, the text is a guide to the underlying theory and concepts and provides a resource for applying that knowledge to problem solving. The authors—noted experts in the field—explain the analytical tools and techniques essential for designing and operating electric distribution systems. In addition, the authors reinforce the theories and practical information presented with real-world examples as well as hundreds of clear illustrations and photos. This essential resource contains the information needed to design electric distribution systems that meet the requirements of specific loads, cities, and zones. The authors also show how to recognize and quickly respond to problems that may occur during system operations, as well as revealing how to improve the performance of electric distribution systems with effective system automation and monitoring. This updated edition: • Contains new information about recent developments in the field particularly in regard to renewable energy generation • Clarifies the perspective of various aspects relating to protection schemes and accompanying equipment • Includes illustrative descriptions of a variety of distributed energy sources and their integration with distribution systems • Explains the intermittent nature of renewable energy sources, various types of energy storage systems and the role they play to improve power quality, stability, and reliability Written for engineers in electric utilities, regulators, and consultants working with electric distribution systems planning and projects, the second edition of Electric Distribution Systems offers an updated text to both the theoretical underpinnings and practical applications of electrical distribution systems.
Market Operations in Electric Power Systems
Author: Mohammad Shahidehpour
Publisher: John Wiley & Sons
ISBN: 0471463949
Category : Technology & Engineering
Languages : en
Pages : 552
Book Description
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.
Publisher: John Wiley & Sons
ISBN: 0471463949
Category : Technology & Engineering
Languages : en
Pages : 552
Book Description
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 Power Distribution Handbook
Author: Thomas Allen Short
Publisher: CRC Press
ISBN: 1351831445
Category : Science
Languages : en
Pages : 900
Book Description
Of the "big three" components of electrical infrastructure, distribution typically gets the least attention. In fact, a thorough, up-to-date treatment of the subject hasn’t been published in years, yet deregulation and technical changes have increased the need for better information. Filling this void, the Electric Power Distribution Handbook delivers comprehensive, cutting-edge coverage of the electrical aspects of power distribution systems. The first few chapters of this pragmatic guidebook focus on equipment-oriented information and applications such as choosing transformer connections, sizing and placing capacitors, and setting regulators. The middle portion discusses reliability and power quality, while the end tackles lightning protection, grounding, and safety. The Second Edition of this CHOICE Award winner features: 1 new chapter on overhead line performance and 14 fully revised chapters incorporating updates from several EPRI projects New sections on voltage optimization, arc flash, and contact voltage Full-color illustrations throughout, plus fresh bibliographic references, tables, graphs, methods, and statistics Updates on conductor burndown, fault location, reliability programs, tree contacts, automation, and grounding and personnel protection Access to an author-maintained support website, distributionhandbook.com, with problems sets, resources, and online apps An unparalleled source of tips and solutions for improving performance, the Electric Power Distribution Handbook, Second Edition provides power and utility engineers with the technical information and practical tools they need to understand the applied science of distribution.
Publisher: CRC Press
ISBN: 1351831445
Category : Science
Languages : en
Pages : 900
Book Description
Of the "big three" components of electrical infrastructure, distribution typically gets the least attention. In fact, a thorough, up-to-date treatment of the subject hasn’t been published in years, yet deregulation and technical changes have increased the need for better information. Filling this void, the Electric Power Distribution Handbook delivers comprehensive, cutting-edge coverage of the electrical aspects of power distribution systems. The first few chapters of this pragmatic guidebook focus on equipment-oriented information and applications such as choosing transformer connections, sizing and placing capacitors, and setting regulators. The middle portion discusses reliability and power quality, while the end tackles lightning protection, grounding, and safety. The Second Edition of this CHOICE Award winner features: 1 new chapter on overhead line performance and 14 fully revised chapters incorporating updates from several EPRI projects New sections on voltage optimization, arc flash, and contact voltage Full-color illustrations throughout, plus fresh bibliographic references, tables, graphs, methods, and statistics Updates on conductor burndown, fault location, reliability programs, tree contacts, automation, and grounding and personnel protection Access to an author-maintained support website, distributionhandbook.com, with problems sets, resources, and online apps An unparalleled source of tips and solutions for improving performance, the Electric Power Distribution Handbook, Second Edition provides power and utility engineers with the technical information and practical tools they need to understand the applied science of distribution.
Power Generation, Operation, and Control
Author: Allen J. Wood
Publisher: John Wiley & Sons
ISBN: 111858595X
Category : Technology & Engineering
Languages : en
Pages : 590
Book Description
A comprehensive text on the operation and control of power generation and transmission systems In the ten years since Allen J. Wood and Bruce F. Wollenberg presented their comprehensive introduction to the engineering and economic factors involved in operating and controlling power generation systems in electric utilities, the electric power industry has undergone unprecedented change. Deregulation, open access to transmission systems, and the birth of independent power producers have altered the structure of the industry, while technological advances have created a host of new opportunities and challenges. In Power Generation, Operation, and Control, Second Edition, Wood and Wollenberg bring professionals and students alike up to date on the nuts and bolts of the field. Continuing in the tradition of the first edition, they offer a practical, hands-on guide to theoretical developments and to the application of advanced operations research methods to realistic electric power engineering problems. This one-of-a-kind text also addresses the interaction between human and economic factors to prepare readers to make real-world decisions that go beyond the limits of mere technical calculations. The Second Edition features vital new material, including: * A computer disk developed by the authors to help readers solve complicated problems * Examination of Optimal Power Flow (OPF) * Treatment of unit commitment expanded to incorporate the Lagrange relaxation technique * Introduction to the use of bounding techniques and other contingency selection methods * Applications suited to the new, deregulated systems as well as to the traditional, vertically organized utilities company Wood and Wollenberg draw upon nearly 30 years of classroom testing to provide valuable data on operations research, state estimation methods, fuel scheduling techniques, and more. Designed for clarity and ease of use, this invaluable reference prepares industry professionals and students to meet the future challenges of power generation, operation, and control.
Publisher: John Wiley & Sons
ISBN: 111858595X
Category : Technology & Engineering
Languages : en
Pages : 590
Book Description
A comprehensive text on the operation and control of power generation and transmission systems In the ten years since Allen J. Wood and Bruce F. Wollenberg presented their comprehensive introduction to the engineering and economic factors involved in operating and controlling power generation systems in electric utilities, the electric power industry has undergone unprecedented change. Deregulation, open access to transmission systems, and the birth of independent power producers have altered the structure of the industry, while technological advances have created a host of new opportunities and challenges. In Power Generation, Operation, and Control, Second Edition, Wood and Wollenberg bring professionals and students alike up to date on the nuts and bolts of the field. Continuing in the tradition of the first edition, they offer a practical, hands-on guide to theoretical developments and to the application of advanced operations research methods to realistic electric power engineering problems. This one-of-a-kind text also addresses the interaction between human and economic factors to prepare readers to make real-world decisions that go beyond the limits of mere technical calculations. The Second Edition features vital new material, including: * A computer disk developed by the authors to help readers solve complicated problems * Examination of Optimal Power Flow (OPF) * Treatment of unit commitment expanded to incorporate the Lagrange relaxation technique * Introduction to the use of bounding techniques and other contingency selection methods * Applications suited to the new, deregulated systems as well as to the traditional, vertically organized utilities company Wood and Wollenberg draw upon nearly 30 years of classroom testing to provide valuable data on operations research, state estimation methods, fuel scheduling techniques, and more. Designed for clarity and ease of use, this invaluable reference prepares industry professionals and students to meet the future challenges of power generation, operation, and control.
Fundamentals of Power System Economics
Author: Daniel S. Kirschen
Publisher: John Wiley & Sons
ISBN: 1119213258
Category : Technology & Engineering
Languages : en
Pages : 344
Book Description
A new edition of the classic text explaining the fundamentals of competitive electricity markets—now updated to reflect the evolution of these markets and the large scale deployment of generation from renewable energy sources The introduction of competition in the generation and retail of electricity has changed the ways in which power systems function. The design and operation of successful competitive electricity markets requires a sound understanding of both power systems engineering and underlying economic principles of a competitive market. This extensively revised and updated edition of the classic text on power system economics explains the basic economic principles underpinning the design, operation, and planning of modern power systems in a competitive environment. It also discusses the economics of renewable energy sources in electricity markets, the provision of incentives, and the cost of integrating renewables in the grid. Fundamentals of Power System Economics, Second Edition looks at the fundamental concepts of microeconomics, organization, and operation of electricity markets, market participants’ strategies, operational reliability and ancillary services, network congestion and related LMP and transmission rights, transmission investment, and generation investment. It also expands the chapter on generation investments—discussing capacity mechanisms in more detail and the need for capacity markets aimed at ensuring that enough generation capacity is available when renewable energy sources are not producing due to lack of wind or sun. Retains the highly praised first edition’s focus and philosophy on the principles of competitive electricity markets and application of basic economics to power system operating and planning Includes an expanded chapter on power system operation that addresses the challenges stemming from the integration of renewable energy sources Addresses the need for additional flexibility and its provision by conventional generation, demand response, and energy storage Discusses the effects of the increased uncertainty on system operation Broadens its coverage of transmission investment and generation investment Updates end-of-chapter problems and accompanying solutions manual Fundamentals of Power System Economics, Second Edition is essential reading for graduate and undergraduate students, professors, practicing engineers, as well as all others who want to understand how economics and power system engineering interact.
Publisher: John Wiley & Sons
ISBN: 1119213258
Category : Technology & Engineering
Languages : en
Pages : 344
Book Description
A new edition of the classic text explaining the fundamentals of competitive electricity markets—now updated to reflect the evolution of these markets and the large scale deployment of generation from renewable energy sources The introduction of competition in the generation and retail of electricity has changed the ways in which power systems function. The design and operation of successful competitive electricity markets requires a sound understanding of both power systems engineering and underlying economic principles of a competitive market. This extensively revised and updated edition of the classic text on power system economics explains the basic economic principles underpinning the design, operation, and planning of modern power systems in a competitive environment. It also discusses the economics of renewable energy sources in electricity markets, the provision of incentives, and the cost of integrating renewables in the grid. Fundamentals of Power System Economics, Second Edition looks at the fundamental concepts of microeconomics, organization, and operation of electricity markets, market participants’ strategies, operational reliability and ancillary services, network congestion and related LMP and transmission rights, transmission investment, and generation investment. It also expands the chapter on generation investments—discussing capacity mechanisms in more detail and the need for capacity markets aimed at ensuring that enough generation capacity is available when renewable energy sources are not producing due to lack of wind or sun. Retains the highly praised first edition’s focus and philosophy on the principles of competitive electricity markets and application of basic economics to power system operating and planning Includes an expanded chapter on power system operation that addresses the challenges stemming from the integration of renewable energy sources Addresses the need for additional flexibility and its provision by conventional generation, demand response, and energy storage Discusses the effects of the increased uncertainty on system operation Broadens its coverage of transmission investment and generation investment Updates end-of-chapter problems and accompanying solutions manual Fundamentals of Power System Economics, Second Edition is essential reading for graduate and undergraduate students, professors, practicing engineers, as well as all others who want to understand how economics and power system engineering interact.