Ebook Fundamentals of Power System Economics, by Daniel S. Kirschen, Goran Strbac
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Fundamentals of Power System Economics, by Daniel S. Kirschen, Goran Strbac
Ebook Fundamentals of Power System Economics, by Daniel S. Kirschen, Goran Strbac
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Interest in power systems economics is gaining momentum with the recent power supply shortages in America and the rising cost of fossil fuels. The involvement of independent power generators, brokers and distributors has changed the way in which power systems operate. Kirschen and Strbac use a combination of traditional engineering techniques and fundamental economics to address the long-term problems of power system development in a competitive environment. Power system engineers, operators, planners and policy makers working in the deregulated environment will value this practical guide, also of great interest to postgraduate and advanced undergraduate students in electrical and power engineering.
- Outlines the principles of competitive electricity markets alongside the operation and development of the supporting transmission and distribution networks
- Applies basic economic principles to power system operating and planning
- Written by recognised experts in the field
For further information and to register for�the solutions manual visit: http://www.wiley.com/go/powersystemeconomics
- Sales Rank: #253019 in Books
- Published on: 2004-05-21
- Ingredients: Example Ingredients
- Original language: English
- Number of items: 1
- Dimensions: 9.92" h x .87" w x 6.97" l, 1.52 pounds
- Binding: Hardcover
- 296 pages
Review
"…this is an interesting book that can help practicing electrical engineers and understand the basic economics behind the competitive electricity markets." (IEEE Power & Energy Magazine, July/August 2006)
"Kirschen and Strbac have written an excellent textbook on this important area … rightly emphasizes the broad principles underlying all the main electricity markets around the world." (International Journal of Electrical Engineering Education, 42:3, 2006)
From the Back Cover
The introduction of competition into the electricity supply industry has fundamentally changed the way it works. In light of these changes this book provides a clear and comprehensive explanation of the basic principles underpinning the design and operation of modern competitive electricity markets.
Assuming no prior knowledge of economics, Fundamentals of Power System Economics discusses the organization of markets for electrical energy as well as the operational and investment decisions that companies participating in these markets must make.
Features include:
- An introduction to the relevant microeconomics concepts and the theory of the firm.
- An introduction to the organisation and operation of electricity markets.
- A clear explanation of the concepts of system security and of the markets for ancillary services.
- A lucid treatment of the effect of network congestion on electricity markets, including a detailed discussion of locational marginal pricing.
- A tutorial treatment of the issues surrounding investment in generation and transmission.
- Numerous illustrative examples.
About the Author
Readers interested in the Middle EastA conflict, especially supporters of Israel, NPR listeners, PBS viewers, fans of Aan Dershowitz; college bookstores and courses; public and school libraries; Jewish organizations.A
Most helpful customer reviews
1 of 1 people found the following review helpful.
Looks basic, decent text, great examples
By Chris Thompson
The cover is horrible. I could make this in PowerPoint in about 5 minutes. That said, the text is pretty complete and clear to read. I found that the author uses exactly the right amount of words to get the point across. In other words, you won't waste a lot of time. The subjects covered range from basic macro/micro econ, to complex power trading in grids with diverse suppliers. The examples in the book really stood out to me. They are very clearly explained and cover the ground nicely.
0 of 0 people found the following review helpful.
Good introduction
By Maggie Bell
This goes into brief detail about the basic economics and the configurations of various kinds of markets. Short but useful.
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