Mohammad Shahidehpour - Böcker

An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses:* Market structure and operation of electric power systems* Load and price forecasting and arbitrage* Price-based unit commitment and security constrained unitcommitment* Market power analysis and game theory applications* Ancillary services auction market design* Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.

The first extensive reference on these important techniques The restructuring of the electric utility industry has created the need for a mechanism that can effectively coordinate the various entities in a power market, enabling them to communicate efficiently and perform at an optimal level. Communication and Control in Electric Power Systems, the first resource to address its subject in an extended format, introduces parallel and distributed processing techniques as a compelling solution to this critical problem.Drawing on their years of experience in the industry, Mohammad Shahidehpour and Yaoyu Wang deliver comprehensive coverage of parallel and distributed processing techniques with a focus on power system optimization, control, and communication. The authors begin with theoretical background and an overview of the increasingly deregulated power market, then move quickly into the practical applications and implementations of these pivotal techniques.Chapters include: Integrated Control Center InformationParallel and Distributed Computation of Power SystemsCommon Information Model and Middleware for IntegrationOnline Distributed Security Assessment and ControlIntegration, Control, and Operation of Distributed GenerationAgent Theory and Power Systems Managemente-Commerce of ElectricityA ready resource for both students and practitioners, Communication and Control in Electric Power Systems proves an ideal textbook for first-year graduate students in power engineering with an interest in computer communication systems and control center design. Designers, operators, planners, and researchers will likewise appreciate its unique contribution to the professional literature.

An examination of key issues in electric utilities restructuring. It covers: electric utility markets in and out of the USA; the Open Access Same-time Information System; tagging transactions; trading energy; hedging tools for managing risks in various markets; pricing volatility, risk and forecasting; regional transmission organization; and more. The text contains acronyms, a contract specifications sample, examples, and nearly 500 bibliographic citations, tables, and drawings.

This book aims to provide insights on new trends in power systems operation and control and to present, in detail, analysis methods of the power system behavior (mainly its dynamics) as well as the mathematical models for the main components of power plants and the control systems implemented in dispatch centers. Particularly, evaluation methods for rotor angle stability and voltage stability as well as control mechanism of the frequency and voltage are described. Illustrative examples and graphical representations help readers across many disciplines acquire ample knowledge on the respective subjects.

The book includes peer-reviewed papers from the International Conference on Sustainable Technology and Advanced Computing in Electrical Engineering (ICSTACE 2023). The main focus of the book is to provide the global perspective of sustainable research related to computer advancement in electrical engineering.