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Fundamentals of Power System Economics 2e (Hardcover, 2nd Edition)
Loot Price: R2,750
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Fundamentals of Power System Economics 2e (Hardcover, 2nd Edition)
Expected to ship within 12 - 17 working days
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A new edition of the classic text explaining the fundamentals of
competitive electricity markets now 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
investments discussing 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 edition s 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.
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