| Title | : | Economics of Power Systems |
|---|---|---|
| Author | : | Makoto Tanaka, Antonio J. Conejo & Afzal S. Siddiqui |
| Release | : | 2022-03-28 |
| Kind | : | ebook |
| Genre | : | Management & Leadership, Books, Business & Personal Finance, Economics |
| Size | : | 30789539 |
| 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 explain these concepts and procedures and present a vision of a renewable-dominated marketplace. Each chapter also includes exercises. |
