Electric Power Planning for Regulated and Deregulated MarketsISBN: 978-0-470-11882-5
Hardcover
313 pages
April 2007, Wiley-IEEE Press
This is a Print-on-Demand title. It will be printed specifically to fill your order. Please allow an additional 10-15 days delivery time. The book is not returnable.
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As the industry environment transforms from a completely regulated
setting to a broader, deregulated marketplace, new market
participants must understand planning and operations of power
systems to effectively participate in markets. This industry
overview provides a description of utility operations and
traditional planning, and then explains asset management,
investment analysis, and risk management within the context of a
market environment. Written to provide a broad, working knowledge
of the industry, Electric Power Planning for Regulated and
Deregulated Markets:
- Includes descriptions of generation and transmission network equipment
- Provides an overview of the regulatory framework, system design and systems operations for ensuring reliable delivery of power
- Presents system planning across different time horizons with the objective of minimizing power production costs
- Explains the principles and architecture of a market environment coupling operational imperatives with financial transactions
- Addresses approaches of various participants, including power producers, retailers, and integrated energy companies toward bidding in day ahead markets, managing risks in forward markets, portfolio development and investment analysis
- Provides numerous examples addressing cost minimization, price forecasting, contract valuation, portfolio risk measurement and others
- Examines past news events and explains what went wrong at Three Mile Island, the Northeast blackout of 2003, and the California energy crisis
This is an ideal reference for professionals in the public and private power service sectors such as engineers, lawyers, systems specialists, economists, financial analysts, policy analysts, and applied mathematicians.