Discover cutting-edge developments in electric power systems

Stemming from cutting-edge research and education activities in the field of electric power systems, this book brings together the knowledge of a panel of experts in economics, the social sciences, and electric power systems. In ten concise and comprehensible chapters, the book provides unprecedented coverage of the operation, control, planning, and design of electric power systems. It also discusses:

A framework for interdisciplinary research and education

Modeling electricity markets

Alternative economic criteria and proactive planning for transmission investment in deregulated power systems

Payment cost minimization with demand bids and partial capacity cost compensations for day-ahead electricity auctions

Dynamic oligopolistic competition in an electric power network and impacts of infrastructure disruptions

Reliability in monopolies and duopolies

Building an efficient, reliable, and sustainable power system

Risk-based power system planning integrating social and economic direct and indirect costs

Models for transmission expansion planning based on reconfiguration capacitor switching

Next-generation optimization for electric power systems

Most chapters end with a bibliography, closing remarks, conclusions, or future work. "Economic Market Design and Planning for Electric Power Systems" is an indispensable reference for policy-makers, executives and engineers of electric utilities, university faculty members, and graduate students and researchers in control theory, electric power systems, economics, and the social sciences.

The first book in the field to incorporate fundamentals of energy systems and their applications to smart grid, along with advanced topics in modeling and control This book provides an overview of how multiple sources and loads are connected via power electronic devices. Issues of storage technologies are discussed, and a comparison summary is given to facilitate the design and selection of storage types. The need for real-time measurement and controls are pertinent in future grid, and this book dedicates several chapters to real-time measurements such as PMU, smart meters, communication scheme, and protocol and standards for processing and controls of energy options. Organized into nine sections, Energy Processing for the Smart Grid gives an introduction to the energy processing concepts/topics needed by students in electrical engineering or non-electrical engineering who need to work in areas of future grid development. It covers such modern topics as renewable energy, storage technologies, inverter and converter, power electronics, and metering and control for microgrid systems. In addition, this text: Provides the interface between the classical machines courses with current trends in energy processing and smart grid Details an understanding of three-phase networks, which is needed to determine voltages, currents, and power from source to sink under different load models and network configurations Introduces different energy sources including renewable and non-renewable energy resources with appropriate modeling characteristics and performance measures Covers the conversion and processing of these resources to meet different DC and AC load requirements Provides an overview and a case study of how multiple sources and loads are connected via power electronic devices Benefits most policy makers, students and manufacturing and practicing engineers, given the new trends in energy revolution and the desire to reduce carbon output Energy Processing for the Smart Grid is a helpful text for undergraduates and first year graduate students in a typical engineering program who have already taken network analysis and electromagnetic courses.

The book is written as primer hand book for addressing the fundamentals of smart grid. It provides the working definition the functions, the design criteria and the tools and techniques and technology needed for building smart grid. The book is needed to provide a working guideline in the design, analysis and development of Smart Grid. It incorporates all the essential factors of Smart Grid appropriate for enabling the performance and capability of the power system. There are no comparable books which provide information on the "how to" of the design and analysis.

The book provides a fundamental discussion on the motivation for the smart grid development, the working definition and the tools for analysis and development of the Smart Grid. Standards and requirements needed for designing new devices, systems and products are discussed; the automation and computational techniques need to ensure that the Smart Grid guarantees adaptability, foresight alongside capability of handling new systems and components are discussed. The interoperability of different renewable energy sources are included to ensure that there will be minimum changes in the existing legacy system.

Overall the book evaluates different options of computational intelligence, communication technology and decision support system to design various aspects of Smart Grid. Strategies for demonstration of Smart Grid schemes on selected problems are presented.