Economics of Power Systems (1st ed. 2022)

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 explian these concepts and procedures and present a vision of a renewable-dominated marketplace. Each chapter also includes exercises.

General

Imprint:	Springer Nature Switzerland AG
Country of origin:	Switzerland
Series:	International Series in Operations Research & Management Science, 327
Release date:	March 2023
First published:	2022
Authors:	Makoto Tanaka • Antonio J. Conejo • Afzal S. Siddiqui
Dimensions:	235 x 155mm (L x W)
Pages:	317
Edition:	1st ed. 2022
ISBN-13:	978-3-03-092873-5
Categories:	Books
LSN:	3-03-092873-X
Barcode:	9783030928735

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