Economic market design and planning for electric power systems
Author(s)
Bibliographic Information
Economic market design and planning for electric power systems
(IEEE Press series on power engineering)
Wiley, c2010
- : cloth
Available at 1 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references and index
Description and Table of Contents
Description
Discover cutting-edge developments in electric power systems Stemming from cutting-edge research and education activities in the field of electric power systems, this book brings together the knowledge of a panel of experts in economics, the social sciences, and electric power systems. In ten concise and comprehensible chapters, the book provides unprecedented coverage of the operation, control, planning, and design of electric power systems. It also discusses:
A framework for interdisciplinary research and education
Modeling electricity markets
Alternative economic criteria and proactive planning for transmission investment in deregulated power systems
Payment cost minimization with demand bids and partial capacity cost compensations for day-ahead electricity auctions
Dynamic oligopolistic competition in an electric power network and impacts of infrastructure disruptions
Reliability in monopolies and duopolies
Building an efficient, reliable, and sustainable power system
Risk-based power system planning integrating social and economic direct and indirect costs
Models for transmission expansion planning based on reconfiguration capacitor switching
Next-generation optimization for electric power systems
Most chapters end with a bibliography, closing remarks, conclusions, or future work. Economic Market Design and Planning for Electric Power Systems is an indispensable reference for policy-makers, executives and engineers of electric utilities, university faculty members, and graduate students and researchers in control theory, electric power systems, economics, and the social sciences.
Table of Contents
Preface. Contributors.
1. A Framework for Interdisciplinary Research and Education (James Momoh).
1.1 Introduction.
1.2 Power System Challenges.
1.3 Solution of the EPNES Architecture.
1.4 Implementation Strategies for EPNES.
1.5 Test Beds for EPNES.
1.6 Examples of Funded Research Work in Response to the EPNES Solicitation.
1.7 Future Directions of EPNES.
1.8 Conclusions.
Acknowledgements.
Bibliography.
2. Modeling Electricity Markets: A Brief Introduction (Alfredo Garcia, Lamine Mili, and James Momoh).
2.1 Introduction.
2.2 The Basic Structure of a Market for Electricity.
2.3 Modeling Strategic Behavior.
2.4 The Locational Marginal Pricing System of PJM.
2.5 LMP Calculation using Adaptive Dynamic Programming.
2.6 Conclusions.
Bibliography.
3. Alternative Economic Criteria and Proactive Planning for Transmission Investment in Deregulated Power Systems (Enzo E. Sauma and Shmuel S. Oren).
3.1 Introduction.
3.2 Conflict Optimization Objectives for Network Expansions.
3.3 Policy Implications.
3.4 Proactive Transmission Planning.
3.5 Illustrative Example.
3.6 Conclusions and Future Work.
Bibliography.
Appendix.
4. Payment Cost Minimization with Demand Bids and Partial Capacity Cost Compensations for Day-Ahead Electricity Auctions (Peter B. Luh, Ying Chen, Joseph H. Yan, Gary A. Stern, William E. Blankson, and Feng Zhao).
4.1 Introduction.
4.2 Literature Review.
4.3 Problem Formulation.
4.4 Solution Methodology.
4.5 Results and Insights.
4.6 Conclusions.
Acknowledgement.
Bibliography.
5. Dynamic Oligopolistic Competition in an Electric Power Network and Impacts of Infrastructure Disruptions (Reetabrata Mookherjee, Benjamin F. Hobbs, Terry L. Friesz and Matthew A. Rigdon).
5.1 Introduction and Motivation.
5.2 Summary and Modeling Approach.
5.3 Model Description.
5.4 Formulation of NCP.
5.5 Numerical Example.
5.6 Conclusions and Future Work.
Acknowledgement.
Appendix: Glossary of Relevant Terms form Electricity Economics.
Bibliography.
6. Reliability in Monopolies and Duopolies: A Comparison of Market Outcomes with Socially Optimal Levels (George Deltas and Christoforos Hadjicostis).
6.1 Introduction.
6.2 Modeling Framework.
6.3 Profit Maximization Outcome of a Monopolistic Generator.
6.4 Nash Equilibrium in a Duopolistic Market Structure.
6.5 Social Optimum.
6.6 Comparison of Equilibria and Discussion.
6.7 Asymmetric Maintenance Policies.
6.8 Conclusion.
Acknowledgement.
Bibliography.
7. Building an Efficient Reliable and Sustainable Power System: An Interdisciplinary Approach (James A. Momoh , Philip Fanara Jr., Haydar Kurban,and L. Jide Iwarere).
7.1 Introduction.
7.2 Overview of Concepts.
7.3 Theoretical Foundations: Theoretical Support for Handling Contingencies.
7.4 Design Methodologies.
7.5 Implementation Approach.
7.6 Implementation Results.
7.7 Conclusion.
Acknowledgements.
Bibliography.
8. Risk-Based Power System Planning Integrating Social and Economic Direct and Indirect Costs (Lamine Mili and Kevin Dooley).
8.1 Introduction.
8.2 The Partitioned Multiobjective Risk Method.
8.3 Partitioned Mutiobjective Risk Method Applied to Power System Planning.
8.4 Integrating the Social and Economic Impacts in Power System Planning.
8.5 Energy Crises and Public Crises.
8.6 Conclusions and Future Work.
Bibliography.
9. Models for Transmission Expansion Planning based on Reconfigurable Capacitor Switching (James McCalley, Ratnesh Kumar, V. Ajjarapu, Oscar Volij, H. Liu, L. Jin, and Wen Shang).
9.1 Introduction.
9.2 Planning Processes.
9.3 Transmission Limits.
9.4 Decision Support Models.
9.5 Market Efficiency and Transmission Investment.
9.6 Summary.
Acknowledgements.
Bibliography.
10. Next Generation Optimization for Electric Power Systems (James A. Momoh).
10.1 Introduction.
10.2 Structure of the Next Generation of Optimization.
10.3 Foundation of the Next Generation Optimization.
10.4 Application of Next Generation Optimization to Power Systems.
10.5 Grant Challenges in Next Generation Optimization and Research Needs.
10.6 Concluding Remarks and Benchmarks Problems.
Acknowledgment.
Bibliography.
Index.
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