Economics of power systems / Makoto Tanaka, Antonio J. Conejo, Afzal S. Siddiqui
Tanaka, Makoto, author.; Conejo, Antonio J., author.; Siddiqui, Afzal S., author.
2022
HD9697.A2
Available Online

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Title Economics of power systems / Makoto Tanaka, Antonio J. Conejo, Afzal S. Siddiqui
Author Tanaka, Makoto, author.
ISBN 9783030928711 (electronic bk.)
3030928713 (electronic bk.)
3030928705
9783030928704
DOI https://doi.org/10.1007/978-3-030-92871-1
Publication Details Cham, Switzerland : Springer, 2022.
Language English
Description 1 online resource.
Item Number 10.1007/978-3-030-92871-1 doi
Call Number HD9697.A2
Dewey Decimal Classification 333.79
Summary 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.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Online resource; title from PDF title page (SpringerLink, viewed April 11, 2022).
Added Author Conejo, Antonio J., author.
Siddiqui, Afzal S., author.
Series International series in operations research & management science ; 327.
Available in Other Form Print version: 9783030928704
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Record Appears in Online Resources > Ebooks
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1. Demand
2. Supply
3. Market Clearing
4. Marginal Pricing
5. Market Power
6. Environmental Externalities
7. Investment.

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