Makoto Tanaka,Antonio J. Conejo,Afzal S. Siddiqui
Economics of Power Systems
Economics of Power Systems
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This book provides an overview of microeconomic concepts and operations research techniques for understanding power markets, including renewable sources, competitive storage, and distributed decision-making. It features illustrative examples and exercises to help readers grasp these concepts and procedures.
Format: Hardback
Length: 317 pages
Publication date: 29 March 2022
Publisher: Springer Nature Switzerland AG
This comprehensive book delves into the latest microeconomic concepts and operations research (OR) techniques essential for understanding the design and operation of power markets, as well as the actions of their agents: producers, consumers, operators, and regulators. In today's rapidly evolving power system environment, characterized by the integration of an increasing number of no-marginal-cost renewable sources, the emergence of highly competitive storage facilities, the surge in demand responsiveness, and the widespread adoption of communication channels enabling distributed decision-making, it is crucial to reassess the microeconomic concepts and OR techniques required by graduate students and practitioners in the electric energy field.
To meet these challenges, this accessible tutorial-style book offers a wealth of illustrative examples to facilitate a deep understanding of the economic concepts and OR procedures employed by power market professionals. The authors elucidate these concepts and procedures, providing a clear vision of a future dominated by renewable energy sources. Each chapter is accompanied by comprehensive exercises to reinforce learning and application of the material.
By embracing the insights and methodologies presented in this book, readers will gain the necessary skills and knowledge to navigate the complex dynamics of power markets, contribute to the development of sustainable energy systems, and make informed decisions that shape the future of the electric energy industry.
Weight: 655g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030928704
Edition number: 1st ed. 2022
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