Economics of Power Systems [electronic resource] / by Makoto Tanaka, Antonio J. Conejo, Afzal S. Siddiqui.

9783030928711

1st ed. 2022.

Cham : Springer International Publishing : Imprint: Springer, 2022.

1 online resource (XIV, 317 p.) 74 illus., 15 illus. in color.

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This book describes the latest microeconomic concepts and operations research (OR) techniques needed to comprehend the design and operation of power markets, as well as the actions of their agents: producers, consumers, operators, and regulators. This is critical when it comes to addressing a constantly evolving power system environment that incorporates an increasing number of no-marginal-cost renewable sources, increasingly competitive storage facilities, increasingly responsive demands, and widespread communication channels that allow distributed decision-making. Such evolving environments call for a re-examination of the microeconomic concepts and OR techniques required by graduate students and practitioners in the electric energy field. This accessible, tutorial-style book features numerous illustrative examples to help readers grasp the economic concepts and OR procedures used by power market professionals. The authors explain these concepts and procedures and present a vision of a renewable-dominated marketplace. Each chapter also includes exercises.

Springer ENIN.

Books / Online

English

April 04, 2022