{"product_id":"market-operations-in-electric-power-systems-isbn-9780471443377","title":"Market Operations in Electric Power Systems","description":"An essential overview of post-deregulation market operations inelectrical power systems\u003cbr\u003e \u003cbr\u003e 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.\u003cbr\u003e \u003cbr\u003e 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.\u003cbr\u003e \u003cbr\u003e Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses:\u003cbr\u003e * Market structure and operation of electric power systems\u003cbr\u003e * Load and price forecasting and arbitrage\u003cbr\u003e * Price-based unit commitment and security constrained unitcommitment\u003cbr\u003e * Market power analysis and game theory applications\u003cbr\u003e * Ancillary services auction market design\u003cbr\u003e * Transmission pricing and congestion\u003cbr\u003e \u003cbr\u003e 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. Preface.\u003cbr\u003e \u003cbr\u003e Chapter 1: Market Overview in Electric Power Systems.\u003cbr\u003e \u003cbr\u003e Chapter 2: Short-Term Load Forecasting.\u003cbr\u003e \u003cbr\u003e Chapter 3: Electricity Price Forecasting.\u003cbr\u003e \u003cbr\u003e Chapter 4: Price-Based Unit Commitment.\u003cbr\u003e \u003cbr\u003e Chapter 5: Arbitrage in Electricity Markets.\u003cbr\u003e \u003cbr\u003e Chapter 6: Market Power Analysis Based on Game Theory.\u003cbr\u003e \u003cbr\u003e Chapter 7: Generation Asset Valuation and Risk Analysis.\u003cbr\u003e \u003cbr\u003e Chapter 8: Security-Constrained Unit Commitment.\u003cbr\u003e \u003cbr\u003e Chapter 9: Ancillary Services Auction Market Design.\u003cbr\u003e \u003cbr\u003e Chapter 10: Transmission Congestion Management and Pricing.\u003cbr\u003e \u003cbr\u003e Appendix A: List of Symbols.\u003cbr\u003e \u003cbr\u003e Appendix B: Mathematical Derivation.\u003cbr\u003e \u003cbr\u003e Appendix C: RTS Load Data.\u003cbr\u003e \u003cbr\u003e Appendix D: Example Systems Data.\u003cbr\u003e \u003cbr\u003e Appendix E: Game Theory Concepts.\u003cbr\u003e \u003cbr\u003e Appendix F: Congestion Charges Calculation.\u003cbr\u003e \u003cbr\u003e References.\u003cbr\u003e \u003cbr\u003e Index. \"...an excellent work.... Readers will be impressed with the comprehensive approach and clear, readable presentation of material...highly recommended...\" (Choice, Vol. 40, No. 3, November 2002) 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.\u003cbr\u003e \u003cbr\u003e 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.\u003cbr\u003e \u003cbr\u003e 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.  An essential overview of post-deregulation market operations in electrical power systems  \u003cp\u003eUntil 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.\u003c\/p\u003e \u003cp\u003eWhy 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.\u003c\/p\u003e \u003cp\u003eWritten for both technical and nontechnical professionals involved in power engineering, finance, and marketing, this must-have resource discusses:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eMarket structure and operation of electric power systems\u003c\/li\u003e \u003cli\u003eLoad and price forecasting and arbitrage\u003c\/li\u003e \u003cli\u003ePrice-based unit commitment and security constrained unit commitment\u003c\/li\u003e \u003cli\u003eMarket power analysis and game theory applications\u003c\/li\u003e \u003cli\u003eAncillary services auction market design\u003c\/li\u003e \u003cli\u003eTransmission pricing and congestion\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUsing 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.\u003c\/p\u003e","brand":"Wiley-IEEE Press","offers":[{"title":"Default Title","offer_id":47989574009061,"sku":"NP9780471443377","price":208.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471443377.jpg?v=1761784655","url":"https:\/\/k12savings.com\/es\/products\/market-operations-in-electric-power-systems-isbn-9780471443377","provider":"K12savings","version":"1.0","type":"link"}