Overview

An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.

Full Product Details

Author:   Mohammad Shahidehpour (Electrical and Computer Engineering Department, Illinois Institute of Technology, Chicago, Illinois) ,  Hatim Yamin (Energy Information System Department, ABB Information System, Raleigh, North Carolina) ,  Zuyi Li (Research and Development Department, Global Energy Markets Solutions (GEMS), Minneapolis, Minnesota)
Publisher:   John Wiley & Sons Inc
Imprint:   Wiley-IEEE Press
Dimensions:   Width: 16.40cm , Height: 3.80cm , Length: 24.20cm
Weight:   0.925kg
ISBN:  

9780471443377

ISBN 10:   0471443379
Pages:   560
Publication Date:   18 April 2002
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock  
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

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Reviews

...an excellent work... Readers will be impressed with the comprehensive approach and clear, readable presentation of material...highly recommended... (Choice, Vol. 40, No. 3, November 2002)

"""...an excellent work.... Readers will be impressed with the comprehensive approach and clear, readable presentation of material...highly recommended..."" (Choice, Vol. 40, No. 3, November 2002)"

...an excellent work.... Readers will be impressed with the comprehensive approach and clear, readable presentation of material...highly recommended... ( Choice, Vol. 40, No. 3, November 2002)

...an excellent work.... Readers will be impressed with the comprehensive approach and clear, readable presentation of material...highly recommended... (Choice, Vol. 40, No. 3, November 2002)

Author Information

MOHAMMAD SHAHIDEHPOUR is Professor of Electrical and ComputerEngineering at the Illinois Institute of Technology. He is a Fellowof the IEEE and has served as a consultant for major energycompanies during the last twenty years. HATIM YAMIN, PhD, is with ABB Energy Information Systems, a globalunit of the energy industry worldwide, and has served as a facultymember in the Power Engineering Department at Yarmouk University inJordan. ZUYI LI, PhD, is with Global Energy Market Solutions, Inc. and hasbeen affiliated with the Electric Power and Power ElectronicsCenter at the Illinois Institute of Technology.

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