Power Systems Restructuring: Engineering and Economics / Edition 1

by Marija Ilic, Francisco Galiana, Lester Fink

Overview

The writing of this book was largely motivated by the ongoing unprecedented world-wide restructuring of the power industry. This move away from the traditional monopolies and toward greater competition, in the form of increased numbers of independent power producers and an unbundling of the main services that were until now provided by the utilities, has been building up for over a decade. This change was driven by the large disparities in electricity tariffs across regions, by technological developments that make it possible for small producers to compete with large ones, and by a widely held belief that competition will be beneficial in a broad sense. All of this together with the political will to push through the necessary legislative reforms has created a climate conducive to restructuring in the electric power industry. Consequently, since the beginning of this decade dramatic changes have taken place in an ever-increasing list of nations, from the pioneering moves in the United Kingdom, Chile and Scandinavia, to today's highly fluid power industry throughout North and South America, as well as in the European Community. The drive to restructure and take advantage of the potential economic benefits has, in our view, forced the industry to take actions and make choices at a hurried pace, without the usual deliberation and thorough analysis of possible implications. We must admit that to speak of "the industry" at this juncture is perhaps disingenuous, even misleading.

Product Details

ISBN-13:	9781441950383
Publisher:	Springer US
Publication date:	12/08/2010
Series:	Power Electronics and Power Systems
Edition description:	Softcover reprint of hardcover 1st ed. 1998
Pages:	560
Product dimensions:	6.10(w) x 9.25(h) x 0.24(d)

Table of Contents

1. Setting the Stage.- 2. Power Systems Operation: Old vs. New.- 3. Framework and Methods for the Analysis of Bilateral Transactions.- 4. The Political Economy of the Pool.- 5. Practical Requirements for ISO Systems.- 6. Agent Based Economics.- 7. One-Part Markets for Electric Power: Ensuring the Benefits of Competition.- 8. System Planning Under Competition.- 9. Transmission Networks and Market Power.- 10. Competitive Electric Services and Efficiency.- 11. New Control Paradigms for Deregulation.- 12. The Control and Operation of Distributed Generation in a Competitive Electric Market.- 13. Application of Dynamic Generation Control for Predatory Competitive Advantage in Electric Power Markets.- Contributors.

Editorial Reviews

Thirteen contributions address the restructuring of the power industry, and focus on the many technical, economic, and regulatory questions related to making services market-based. Issues discussed include the theoretical challenges of power systems operation, the main tasks of today's power systems, the U.K. industry restructuring, future primary electricity markets, planning aspects of the new industry, and power systems control. Intended for engineers, educators, systems operators, managers, planners, and researchers. Annotation c. by Book News, Inc., Portland, Or.

Booknews