Overview

Internationally, the electric power industry is currently undergoing unprecedented reform. The deregulation of the electricity supply industry has introduced new opportunities for competition and has made the maintenance of economical and reliable supplies of electricity a tremendous challenge. Faced by an increasingly complicated existence, power utilities need efficient tools to ensure that electrical energy of the quality desired can be provided at the lowest possible cost. Operation of Market-oriented Power Systems provides effective computational tools for the efficient operation of restructured power systems covering all the major operational issues such as: congestion management; available transfer capability calculations; price forecasting and optimal bidding strategies. A review of international research and world-wide industrial practice covered in each chapter gives the reader a broader understanding of the state of the art in this exciting field. Operation of Market-oriented Power Systems will be a useful reference for professional engineers and researchers in the operation and control of modern power systems as all within the power industry face up to the changes required to provide safe, reliable and profitable electricity in an increasingly competitive market.

Full Product Details

Author:   Yong-Hua Song ,  Xi-Fan Wang
Publisher:   Springer London Ltd
Imprint:   Springer London Ltd
Edition:   2003 ed.
Dimensions:   Width: 15.20cm , Height: 2.30cm , Length: 22.30cm
Weight:   1.430kg
ISBN:  

9781852336707

ISBN 10:   1852336706
Pages:   443
Publication Date:   01 September 2003
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Operation of Restructured Power Systems.- Modeling and Analysis of Electricity Markets.- Location-based Marginal Pricing of Electricity and Its Decomposition.- Co-ordinated Real-time Dispatch of Unbundled Electricity Markets.- Available Transfer Capability Evaluation.- Transmission Congestion Management.- Dynamic Congestion Management.- Financial Instruments and Their Role in Market Dispatch and Congestion Management.- Ancillary Services I: Pricing and Procurement of Reserves.- Ancillary Services II: Voltage Security and Reactive Power Management.- Load and Price Forecasting via Wavelet Transform and Neural Networks.- Analysis of Generating Companies' Strategic Behaviour.- Bidding Problems in Electricity Generation Market.- Transmission Services Improvement by FACTS Control.

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Author Information

Yong-Hua Song is Professor of Electrical Energy Systems at Brunel and he also holds the Royal Academy of Engineering/Nuclear Electric/Siemens Chair of Power Systems Analysis. He is the author of over 250 journal and conference papers.

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