Screen LibraryEconomics of power systems /
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 consta...
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| Main Authors: | |
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| Group Author: | ; |
| Published: |
Springer Nature,
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| Publisher Address: | Cham, Switzerland : |
| Publication Dates: | [2022] |
| Literature type: | Book |
| Language: | English |
| Series: |
International series in operations research & management science ; 327 |
| Subjects: | |
| 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. |
| Carrier Form: | xiv, 317 pages : illustrations (some color) ; 24 cm. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9783030928735 303092873X |
| CLC: | F407.61 |
| Call Number: | F407.61/T161 |