{"product_id":"electricity-markets-isbn-9781119179351","title":"Electricity Markets","description":"\u003cp\u003e\u003cb\u003eA comprehensive resource that provides the basic concepts of electric power systems, microeconomics, and optimization techniques\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eElectricity Markets: Theories and Applications\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eThe 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:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eIntroduces fundamental economic concepts necessary to understand the operations and functions of electricity markets\u003c\/li\u003e \u003cli\u003ePresents basic characteristics of power systems and physical laws governing operation\u003c\/li\u003e \u003cli\u003eIncludes mathematical optimization methods related to electricity markets and their applications to practical market clearing issues\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eElectricity Markets: Theories and Applications\u003c\/i\u003e is an authoritative text that explores the basic concepts of the economic theories and key information on advanced optimization methods of electricity markets. \u003c\/p\u003e \u003cp\u003eAbout the Authors ix\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003e1 Introduction 1\u003c\/p\u003e \u003cp\u003e2 Electric Power System 29\u003c\/p\u003e \u003cp\u003e3 Microeconomic Theories 57\u003c\/p\u003e \u003cp\u003e4 Power System Unit Commitment 97\u003c\/p\u003e \u003cp\u003e5 Power System Economic Dispatch 119\u003c\/p\u003e \u003cp\u003e6 Optimal Power Flow 147\u003c\/p\u003e \u003cp\u003e7 Design, Structure, and Operation of an Electricity Market 173\u003c\/p\u003e \u003cp\u003e8 Pricing, Modeling, and Simulation of an Electricity Market 211\u003c\/p\u003e \u003cp\u003e9 Evaluation of an Electricity Market 239\u003c\/p\u003e \u003cp\u003e10 Transmission Planning Under Electricity Market Regime 255\u003c\/p\u003e \u003cp\u003e11 Electricity Market under a Future Grid 293\u003c\/p\u003e \u003cp\u003eIndex 315\u003c\/p\u003e   \u003cp\u003e \u003cb\u003eJEREMY LIN, PhD,\u003c\/b\u003e is a Senior Engineer at PJM Interconnection. Dr. Lin also consults with a number of electric utilities and electricity market operators around the world on emerging issues, particularly on electricity markets.  \u003c\/p\u003e\u003cp\u003e \u003cb\u003eFERNANDO H. MAGNAGO\u003c\/b\u003e is a Professor at the National University of Rio Cuarto, Argentina, and Application Manager for Nexant Inc., USA. He is also a Senior Member of the IEEE.  Dr. Magnago has contributed to over fifty journal papers on the topic of power systems.      \u003c\/p\u003e\u003cp\u003e \u003cb\u003eA comprehensive resource that provides the basic  concepts of electric power systems, microeconomics,  and optimization techniques\u003c\/b\u003e   \u003c\/p\u003e\u003cp\u003e \u003ci\u003eElectricity Markets: Theories and Applications\u003c\/i\u003e 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.   \u003c\/p\u003e\u003cp\u003e 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:   \u003c\/p\u003e\u003cul\u003e \u003cli\u003eIntroduces fundamental economic concepts necessary to understand the operations  and functions of electricity markets\u003c\/li\u003e \u003cli\u003ePresents basic characteristics of power systems and physical laws governing operation\u003c\/li\u003e \u003cli\u003eIncludes mathematical optimization methods related to electricity markets and their applications to practical market clearing issues\u003c\/li\u003e \u003c\/ul\u003e \u003cbr\u003e  \u003cp\u003e \u003ci\u003eElectricity Markets: Theories and Applications\u003c\/i\u003e is an authoritative text that explores the basic concepts of the economic theories and key information on advanced optimization methods of electricity markets.\u003c\/p\u003e","brand":"Wiley-IEEE Press","offers":[{"title":"Default Title","offer_id":47989112570085,"sku":"NP9781119179351","price":135.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119179351.jpg?v=1761782846","url":"https:\/\/k12savings.com\/products\/electricity-markets-isbn-9781119179351","provider":"K12savings","version":"1.0","type":"link"}