Deregulation is causing dramatic change in the power industry but
little is known about how power systems will function under
competition. What are suitable performance objectives? What control
designs are required and what economic techniques should be used?
This detailed analysis attempts to answer these questions. The
authors provide a modelling, analysis and systems control framework
that makes it possible to relate distinctive features of the
electric power industry to more conventional supply/demand
processes in other industries. Some parts of the system can be
distributed while other parts must remain co-ordinated. This
authoritative and detailed study is highly topical and will be of
interest to those working in the systems control area, especially
in electrical power. It is also most relevant for industrial
economists as well as academics in electrical power engineering.
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