The electric power industry is currently undergoing an
unprecedented reform. The deregulation of electricity supply
industry has introduced new opportunity for competition to reduce
the cost and cut the price. It is a tremendous challenge for
utilities to maintain an economical and reliable supply of
electricity in such an environment. Faced by an increasingly
complicated existence, power utilities need efficient tools and
aids to ensure that electrical energy of the desired quality can be
provided at the lowest cost. The overall objective, both for
short-term and long-term operations, is then to find the best
compromise between the requirements of security and economy. That
is, effective tools are urgently required to solve highly
constrained optimisation problems. In recent years, several major
modem optimisation techniques have been applied to power systems. A
large number of papers and reports have been published. In this
respect, it is timely to edit a book on this topic with an aim to
report the state of the art development internationally in this
area.
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