Restructured Electric Power Systems: Analysis of Electricity Markets with Equilibrium Models

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Xiao-Ping Zhang (Department of Electrical and Computer Engineering, Ryerson University)

Restructured Electric Power Systems

Analysis of Electricity Markets with Equilibrium Models

Xiao-Ping Zhang (Department of Electrical and Computer Engineering, Ryerson University)

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English

Wiley-IEEE Press
17 June 2010

Electrical power industries

Series: IEEE Press Series on Power and Energy Systems

The latest practical applications of electricity market equilibrium models in analyzing electricity markets

Electricity market deregulation is driving the power energy production from a monopolistic structure into a competitive market environment. The development of electricity markets has necessitated the need to analyze market behavior and power. Restructured Electric Power Systems reviews the latest developments in electricity market equilibrium models and discusses the application of such models in the practical analysis and assessment of electricity markets.

Drawing upon the extensive involvement in the research and industrial development of the leading experts in the subject area, the book starts by explaining the current developments of electrical power systems towards smart grids and then relates the operation and control technologies to the aspects in electricity markets. It explores:

The problems of electricity market behavior and market power

Mathematical programs with equilibrium constraints (MPEC) and equilibrium problems with equilibrium constraints (EPEC)

Tools and techniques for solving the electricity market equilibrium problems

Various electricity market equilibrium models

State-of-the-art techniques for computing the electricity market equilibrium problems

The application of electricity market equilibrium models in assessing the economic benefits of transmission expansions for market environments, forward and spot markets, short-term power system security, and analysis of reactive power impact

Also featured are computational resources to allow readers to develop algorithms on their own, as well as future research directions in modeling and computational techniques in electricity market analysis. Restructured Electric Power Systems is an invaluable reference for electrical engineers and power system economists from power utilities and for professors, postgraduate students, and undergraduate students in electrical power engineering, as well as those responsible for the design, engineering, research, and development of competitive electricity markets and electricity market policy.

Edited by: Xiao-Ping Zhang (Department of Electrical and Computer Engineering Ryerson University)
Imprint: Wiley-IEEE Press
Country of Publication: United States
Dimensions: Height: 244mm, Width: 163mm, Spine: 24mm
Weight: 621g
ISBN: 9780470260647
ISBN 10: 0470260645
Series: IEEE Press Series on Power and Energy Systems
Pages: 330
Publication Date: 17 June 2010
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Xiao-Ping Zhang, PhD, is a reader and director of the Institute for Energy Research and Policy at the University of Birmingham, United Kingdom. He is a senior member of the IEEE, as well as an IEEE PES Distinguished Lecturer.

Reviews for Restructured Electric Power Systems: Analysis of Electricity Markets with Equilibrium Models

Restructured Electric Power Systems is an invaluable reference for electrical engineers and power system economists from power utilities and for professors, postgraduate students, and undergraduate students in electrical power engineering, as well as those responsible for the design, engineering, research, and development of competitive electricity markets and electricity market policy. (PR-inside.com, 28 October 2010)