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.

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.

A new edition of the classic text explaining the fundamentals of competitive electricity marketsnow 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 investmentsdiscussing 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 editions 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 Supports self-study with end-of-chapter problems and instructors with solutions manual via companion website 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.

Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes

Explores fundamental changes that have taken place worldwide in electricity economics and planning since the publication of the author's initial book on the subject, "Power System Economics", in 1983. It introduces the planning options likely to arise in the 1990s and beyond.

Go in-depth with this comprehensive discussion of distributed energy management Distributed Energy Management of Electrical Power Systems provides the most complete analysis of fully distributed control approaches and their applications for electric power systems available today. Authored by four respected leaders in the field, the book covers the technical aspects of control, operation management, and optimization of electric power systems. In each chapter, the book covers the foundations and fundamentals of the topic under discussion. It then moves on to more advanced applications. Topics reviewed in the book include: System-level coordinated control Optimization of active and reactive power in power grids The coordinated control of distributed generation, elastic load and energy storage systems Distributed Energy Management incorporates discussions of emerging and future technologies and their potential effects on electrical power systems. The increased impact of renewable energy sources is also covered. Perfect for industry practitioners and graduate students in the field of power systems, Distributed Energy Management remains the leading reference for anyone with an interest in its fascinating subject matter.

This book covers all of the information needed to design LEDs into end-products. It is a practical guide, primarily explaining how things are done by practicing engineers. Equations are used only for practical calculations, and are kept to the level of high-school algebra. There are numerous drawings and schematics showing how things such as measurements are actually made, and showing curcuits that actually work. There are practical notes and examples embedded in the text that give pointers and how-to guides on many of the book's topics. After reading each chapter of the book, readers will have the knowledge to implement practical designs. This book will be kept as a reference tool for years to come.

The third edition of the landmark book on power system stability and control, revised and updated with new material The revised third edition of Power System Control and Stability continues to offer a comprehensive text on the fundamental principles and concepts of power system stability and control as well as new material on the latest developments in the field. The third edition offers a revised overview of power system stability and a section that explores the industry convention of q axis leading d axis in modeling of synchronous machines. In addition, the third edition focuses on simulations that utilize digital computers and commercial simulation tools, it offers an introduction to the concepts of the stability analysis of linear systems together with a detailed formulation of the system state matrix. The authors also include a revised chapter that explores both implicit and explicit integration methods for transient stability. Power System Control and Stability offers an in-depth review of essential topics and: Discusses topics of contemporary and future relevance in terms of modeling, analysis and control Maintains the approach, style, and analytical rigor of the two original editions Addresses both power system planning and operational issues in power system control and stability Includes updated information and new chapters on modeling and simulation of round-rotor synchronous machine model, excitation control, renewable energy resources such as wind turbine generators and solar photovoltaics, load modeling, transient voltage instability, modeling and representation of three widely used FACTS devices in the bulk transmission network, and the modeling and representation of appropriate protection functions in transient stability studies Contains a set of challenging problems at the end of each chapter Written for graduate students in electric power and professional power system engineers, Power System Control and Stability offers an invaluable reference to basic principles and incorporates the most recent techniques and methods into projects.

A comprehensive review of state-of-the-art approaches to power systems forecasting from the most respected names in the field, internationally Advances in Electric Power and Energy Systems is the first book devoted exclusively to a subject of increasing urgency to power systems planning and operations. Written for practicing engineers, researchers, and post-grads concerned with power systems planning and forecasting, this book brings together contributions from many of the world’s foremost names in the field who address a range of critical issues, from forecasting power system load to power system pricing to post-storm service restoration times, river flow forecasting, and more. In a time of ever-increasing energy demands, mounting concerns over the environmental impacts of power generation, and the emergence of new, smart-grid technologies, electricity price forecasting has assumed a prominent role within both the academic and industrial arenas. Short-run forecasting of electricity prices has become necessary for power generation unit schedule, since it is the basis of every maximization strategy. This book fills a gap in the literature on this increasingly important topic. Following an introductory chapter offering background information necessary for a full understanding of the forecasting issues covered, this book: Introduces advanced methods of time series forecasting, as well as neural networks Provides in-depth coverage of state-of-the-art power system load forecasting and electricity price forecasting Addresses river flow forecasting based on autonomous neural network models Deals with price forecasting in a competitive market Includes estimation of post-storm restoration times for electric power distribution systems Features contributions from world-renowned experts sharing their insights and expertise in a series of self-contained chapters Advances in Electric Power and Energy Systems is a valuable resource for practicing engineers, regulators, planners, and consultants working in or concerned with the electric power industry. It is also a must read for senior undergraduates, graduate students, and researchers involved in power system planning and operation.

An introduction to the analysis of electric machines, power electronic circuits, electric drive performance, and power systems This book provides students with the basic physical concepts and analysis tools needed for subsequent coursework in electric power and drive systems with a focus on Tesla’s rotating magnetic field. Organized in a flexible format, it allows instructors to select material as needed to fit their school’s power program. The first chapter covers the fundamental concepts and analytical methods that are common to power and electric drive systems. The subsequent chapters offer introductory analyses specific to electric machines, power electronic circuits, drive system performance and simulation, and power systems. In addition, this book: Provides students with an analytical base on which to build in advanced follow-on courses Examines fundamental power conversions (dc-dc, ac-dc and dc-ac), harmonics, and distortion Describes the dynamic computer simulation of a brushless dc drive to illustrate its performance with both a sinusoidal inverter voltage approximation and more realistic stator six-step drive applied voltages Includes in-chapter short problems, numerous worked examples, and end-of-chapter problems to help readers review and more fully understand each topic