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^ Free PDF Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management, by M. Shahidehpour, H. Yamin, Zuyi Li

Free PDF Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management, by M. Shahidehpour, H. Yamin, Zuyi Li

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Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management, by M. Shahidehpour, H. Yamin, Zuyi Li

Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management, by M. Shahidehpour, H. Yamin, Zuyi Li



Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management, by M. Shahidehpour, H. Yamin, Zuyi Li

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Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management, by M. Shahidehpour, H. Yamin, Zuyi Li

An essential overview of post-deregulation market operations in electrical power systems

Until recently the U.S. electricity industry was dominated by vertically integrated utilities. It is now evolving into a distributive and competitive market driven by market forces and increased competition. With electricity amounting to a $200 billion per year market in the United States, the implications of this restructuring will naturally affect the rest of the world.

Why is restructuring necessary? What are the components of restructuring? How is the new structure different from the old monopoly? How are the participants strategizing their options to maximize their revenues? What are the market risks and how are they evaluated? How are interchange transactions analyzed and approved? Starting with a background sketch of the industry, this hands-on reference provides insights into the new trends in power systems operation and control, and highlights advanced issues in the field.

Written for both technical and nontechnical professionals involved in power engineering, finance, and marketing, this must-have resource discusses:
* Market structure and operation of electric power systems
* Load and price forecasting and arbitrage
* Price-based unit commitment and security constrained unit commitment
* 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 professors and students, and other professionals in the industry a comprehensive review of electricity restructuring and how its radical effects will shape the market.

  • Sales Rank: #1823601 in Books
  • Published on: 2002-03-28
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.53" h x 1.48" w x 6.46" l, 1.97 pounds
  • Binding: Hardcover
  • 450 pages

Review
"...an excellent work.... Readers will be impressed with the comprehensive approach and clear, readable presentation of material...highly recommended..." (Choice, Vol. 40, No. 3, November 2002)

From the Back Cover
An essential overview of post-deregulation market operations in electrical power systems

Until recently the U.S. electricity industry was dominated by vertically integrated utilities. It is now evolving into a distributive and competitive market driven by market forces and increased competition. With electricity amounting to a $200 billion per year market in the United States, the implications of this restructuring will naturally affect the rest of the world.

Why is restructuring necessary? What are the components of restructuring? How is the new structure different from the old monopoly? How are the participants strategizing their options to maximize their revenues? What are the market risks and how are they evaluated? How are interchange transactions analyzed and approved? Starting with a background sketch of the industry, this hands-on reference provides insights into the new trends in power systems operation and control, and highlights advanced issues in the field.

Written for both technical and nontechnical professionals involved in power engineering, finance, and marketing, this must-have resource discusses:

  • Market structure and operation of electric power systems
  • Load and price forecasting and arbitrage
  • Price-based unit commitment and security constrained unit commitment
  • 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 professors and students, and other professionals in the industry a comprehensive review of electricity restructuring and how its radical effects will shape the market.

About the Author
MOHAMMAD SHAHIDEHPOUR is Professor of Electrical and Computer Engineering at the Illinois Institute of Technology. He is a Fellow of the IEEE and has served as a consultant for major energy companies during the last twenty years.

HATIM YAMIN, PhD, is with ABB Energy Information Systems, a global unit of the energy industry worldwide, and has served as a faculty member in the Power Engineering Department at Yarmouk University in Jordan.

ZUYI LI, PhD, is with Global Energy Market Solutions, Inc. and has been affiliated with the Electric Power and Power Electronics Center at the Illinois Institute of Technology.

Most helpful customer reviews

20 of 22 people found the following review helpful.
Decided to keep it
By A Customer
Somewhat similar to Wood and Wollenberg. Not nearly as detailed or rigorous as the other, but more "modern", i.e., market-oriented. 200 pages on using neural nets in price forecasting (probably useful if you believe in nets). Interesting for me were sections on ancillaries, comittment/dispatch and congestion management. For those, authors provide a good introduction: mostly narrative with some formulas to show exactly what they mean.

2 of 2 people found the following review helpful.
bit too technical for me.
By Nicholas Bundy
Gets into concepts and theories that you need to have some sort of power industry background to understand. At the time I was looking for more intro level and this was a bit challenging.

0 of 0 people found the following review helpful.
Five Stars
By burningfist
very good

See all 4 customer reviews...

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^ Free PDF Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management, by M. Shahidehpour, H. Yamin, Zuyi Li Doc
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