Overview

Can you solve a load flow problem but freeze when asked why electricity cleared at $4,500 per megawatt hour last Tuesday? Do you understand Kirchhoff's laws but find yourself nodding along when colleagues debate locational marginal pricing or capacity performance? The modern electricity sector demands engineers fluent in both physics and economics. Most programs teach only the first half. This book closes the gap. Across pages, ten chapters, and a comprehensive concluding synthesis, you will master: - Microeconomic foundations applied to the only commodity that must balance instantaneously - Generation, transmission, and dispatch economics with full mathematical rigor - Regulatory frameworks including FERC, NERC, Ofgem, RIIO, and emerging market regulators - Wholesale market design of PJM, ERCOT, CAISO, MISO, Nord Pool, and the Australian NEM - Pricing mechanisms from uniform auctions to convex hull pricing to dynamic retail tariffs - Risk management through forwards, options, swaps, CFDs, and PPAs - Market power analysis using Cournot, Bertrand, supply function equilibria, and the indices market monitors actually use - Renewables, storage, and DERs including value factor decay, LCOS, and FERC Order 2222 - The future of the field including post 2022 EU reforms, AI applications, and just transitionEach chapter includes worked examples with full solutions, real industry case studies from the 2021 ERCOT storm to the 2022 European crisis, current 2025 to 2026 data, graded practice problems, and annotated references. Back matter provides a 250 term glossary, mathematical reference, test systems, software guidance, and detailed indexes. Written for senior undergraduates, graduate students, practicing power engineers, regulatory analysts, market participants, and career changers entering the sector. The professionals who understand both the engineering and the economics will shape the next twenty years of the electricity industry. Order your copy today and join them.

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