Economic Market Design and Planning for Electric Power Systems
Copyright © 2010 Institute of Electrical and Electronics Engineers.
Editor(s): James Momoh, Lamine Mili
Published Online: 7 DEC 2009
Print ISBN: 9780470472088
Online ISBN: 9780470529164
DOI: 10.1002/9780470529164
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Discover cutting-edge developments in electric power systems
Stemming from cutting-edge research and education activities in the field of electric power systems, this book brings together the knowledge of a panel of experts in economics, the social sciences, and electric power systems. In ten concise and comprehensible chapters, the book provides unprecedented coverage of the operation, control, planning, and design of electric power systems. It also discusses:
A framework for interdisciplinary research and education
Modeling electricity markets
Alternative economic criteria and proactive planning for transmission investment in deregulated power systems
Payment cost minimization with demand bids and partial capacity cost compensations for day-ahead electricity auctions
Dynamic oligopolistic competition in an electric power network and impacts of infrastructure disruptions
Reliability in monopolies and duopolies
Building an efficient, reliable, and sustainable power system
Risk-based power system planning integrating social and economic direct and indirect costs
Models for transmission expansion planning based on reconfiguration capacitor switching
Next-generation optimization for electric power systems
Most chapters end with a bibliography, closing remarks, conclusions, or future work. Economic Market Design and Planning for Electric Power Systems is an indispensable reference for policy-makers, executives and engineers of electric utilities, university faculty members, and graduate students and researchers in control theory, electric power systems, economics, and the social sciences.