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Market Operations in Electric Power Systems by M. Shahidehpour,

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 marketing services and competitive market driven by market forces marketing services 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 marketing services and how are they evaluated? How are interchange transactions analyzed marketing services and approved? Starting with a background sketch of the industry, this hands-on reference provides insights into the new trends in power systems operation marketing services and control, marketing services and highlights advanced issues in the field. Written for both technical marketing services and nontechnical professionals involved in power engineering, finance, marketing services and marketing, this must-have resource discusses: Market structure marketing services and operation of electric power systems Load marketing services and price forecasting marketing services and arbitrage Price-based unit commitment marketing services and security constrained unit commitment Market power analysis marketing services and game theory applications Ancillary services auction market design Transmission pricing marketing services and congestion Using real-world case studies, this timely survey offers engineers, consultants, researchers, financial managers, university professors marketing services and students, marketing services and other professionals in the industry a comprehensivereview of electricity restructuring marketing services and how its radical effects will shape the market.
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