Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management

April 11, 2002|
Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management by Mohammad Shahidehpour
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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.
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. HATIM YAMIN, PhD, is with ABB Energy Information Systems, a globalunit of the energy industry worldwide, and ...
Title:Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk ManagementFormat:HardcoverProduct dimensions:552 pages, 9.53 X 6.46 X 1.48 inShipping dimensions:552 pages, 9.53 X 6.46 X 1.48 inPublished:April 11, 2002Publisher:WileyLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0471443379

ISBN - 13:9780471443377

Appropriate for ages: All ages

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