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Economics of Power Systems

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Economics of Power Systems/ by Makoto Tanaka, Antonio J. Conejo, Afzal S. Siddiqui.
Author:	Tanaka, Makoto.
other author:	Conejo, Antonio J.
Description:	XIV, 317 p. 74 illus., 15 illus. in color.online resource. :
Contained By:	Springer Nature eBook
Subject:	Operations research. -
Online resource:	https://doi.org/10.1007/978-3-030-92871-1
ISBN:	9783030928711

Economics of Power Systems
Tanaka, Makoto.

Economics of Power Systems[electronic resource] /by Makoto Tanaka, Antonio J. Conejo, Afzal S. Siddiqui. - 1st ed. 2022. - XIV, 317 p. 74 illus., 15 illus. in color.online resource. - International Series in Operations Research & Management Science,3272214-7934 ;. - International Series in Operations Research & Management Science,227.

1. Demand -- 2. Supply -- 3. Market Clearing -- 4. Marginal Pricing -- 5. Market Power -- 6. Environmental Externalities -- 7. Investment.

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.

ISBN: 9783030928711

Standard No.: 10.1007/978-3-030-92871-1doiSubjects--Topical Terms:

573517
Operations research.

LC Class. No.: T57.6-.97

Dewey Class. No.: 658.403

Economics of Power Systems
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