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Christoph Weber,Dominik Moest,Wolf Fichtner

Economics of Power Systems: Fundamentals for Sustainable Energy

Economics of Power Systems: Fundamentals for Sustainable Energy

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This textbook provides an overview of the key technological, economic, environmental, and societal drivers for electricity markets, with a focus on Europe. It introduces readers to major economic models and empirical evidence and discusses policy instruments and design choices for regulation and sustainable power system development.

Format: Hardback
Length: 423 pages
Publication date: 15 November 2022
Publisher: Springer Nature Switzerland AG


To effectively navigate the transition towards a sustainable future electricity system, a comprehensive grasp of the fundamental technological, economic, environmental, and societal factors driving electricity markets is essential. This textbook, designed for advanced undergraduate and graduate students, offers an overview of these drivers and introduces readers to key economic models and empirical evidence for studying electricity markets and systems.

Through its chapters, readers will delve into the realm of electricity generation, demand, transportation, and storage, gaining a solid foundation in the fundamentals of grid and electricity markets in Europe. By employing state-of-the-art models from operations research and economics, the book equips readers with the tools necessary for analytical insights and numerical modeling. Furthermore, it explores the policy instruments and design choices for electricity market regulation and sustainable power system development, shedding light on the current challenges faced by smart energy systems.

This textbook serves as a valuable resource for students seeking to expand their knowledge in the field of electricity markets and systems, providing them with a comprehensive understanding of the key drivers, economic models, and empirical evidence that shape this dynamic sector. Its interdisciplinary approach and practical applications make it an essential tool for professionals working in the energy industry, policy-makers, and researchers alike.

Weight: 829g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030977696
Edition number: 1st ed. 2022

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