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Books > Professional & Technical > Energy technology & engineering > Electrical engineering > Power networks, systems, stations & plants
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Power Grid Operation in a Market Environment - Economic Efficiency and Risk Mitigation (Hardcover)
Loot Price: R3,131
Discovery Miles 31 310
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Power Grid Operation in a Market Environment - Economic Efficiency and Risk Mitigation (Hardcover)
Expected to ship within 12 - 19 working days
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Covers the latest practices, challenges and theoretical
advancements in the domain of balancing economic efficiency and
operation risk mitigation This book examines both system operation
and market operation perspectives, focusing on the interaction
between the two. It incorporates up-to-date field experiences,
presents challenges, and summarizes the latest theoretic
advancements to address those challenges. The book is divided into
four parts. The first part deals with the fundamentals of
integrated system and market operations, including market power
mitigation, market efficiency evaluation, and the implications of
operation practices in energy markets. The second part discusses
developing technologies to strengthen the use of the grid in energy
markets. System volatility and economic impact introduced by the
intermittency of wind and solar generation are also addressed. The
third part focuses on stochastic applications, exploring new
approaches of handling uncertainty in Security Constrained Unit
Commitment (SCUC) as well as the reserves needed for power system
operation. The fourth part provides ongoing efforts of utilizing
transmission facilities to improve market efficiency, via
transmission topology control, transmission switching, transmission
outage scheduling, and advanced transmission technologies. Besides
the state-of-the-art review and discussion on the domain of
balancing economic efficiency and operation risk mitigation, this
book: * Describes a new approach for mass market demand response
management, and introduces new criteria to improve system
performance with large scale variable generation additions *
Reviews mathematic models and solution methods of SCUC to help
address challenges posed by increased operational uncertainties
with high-penetration of renewable resources * Presents a planning
framework to account for the value of operational flexibility in
transmission planning and to provide market mechanism for risk
sharing Power Grid Operations in a Market Environment: Economic
Efficiency and Risk Mitigation is a timely reference for power
engineers and researchers, electricity market traders and analysts,
and market designers.
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