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Fundamentals of Power System Economics
A new edition of the classic text explaining the fundamentals of competitive electricity marketsnow updated to reflect the evolution of these markets and the large scale deployment of generation from renewable energy sources The introduction of competition in the generation and retail of electricity has changed the ways in which power systems function. The design and operation of successful competitive electricity markets requires a sound understanding of both power systems engineering and underlying economic principles of a competitive market. This extensively revised and updated edition of the classic text on power system economics explains the basic economic principles underpinning the de...
Distributed Generation
The economics and locations of sustainable energy sources have meant that many of these new generators are connected into distribution networks. It is recognized that the information flow and control of distribution networks is inadequate for these future low-carbon electricity supply systems. The future distribution network will change its operation from passive to active, and the distributed generators will be controlled to support the operation of the power system. In many countries this transformation of electricity supply is managed through energy markets and privately owned, regulated transmission and distribution systems. --
Embedded Generation
This book, intended for both students and practising engineers, addresses all the issues pertinent to the implementation of embedded generation.
The future of Britain's electricity networks
In this report the Committee calls on the Government to provide strategic leadership to ensure the timely delivery of a smart grid. Existing regulatory and policy frameworks, along with the current grid infrastructure, were developed to serve the fossil fuel economy of the twentieth century. By 2020 the UK electricity network will need to accommodate a far more diverse energy mix that includes a much higher proportion of renewables that cannot respond so easily to fluctuating demand. The only cost-effective response to these developments is the creation of a smart grid that intelligently manages demand and supply across the energy system. Concerns noted in the report include: Ofgem granting ...
The UK's energy supply
The Government must start thinking strategically about energy security to protect the UK's energy supply against short-term shocks and rising global energy prices, according to a report by MPs on the Energy and Climate Change Committee. Gas storage capacity needs to be increased in the UK to minimise the potential damage from supply interruptions or price spikes, the report argues. It reveals that the UK's current storage capacity amounts to only 14 days worth of gas supply - a dangerously low level compared with France which has 87 days worth of gas storage, Germany 69 and Italy 59. 19 gigawatts (GW) of ageing electricity plant will close by 2018 and the UK will become increasingly reliant on energy imports as North Sea oil and gas reserves decline. The report concludes that new electricity generation currently being built or planned will fill this "gap". But it urges the Government to ensure security of supply by delivering on its energy efficiency targets, rolling out smart meters - that can balance demand - and maintaining a diverse energy mix.
Energiewende "Made in Germany"
This book provides an in-depth analysis of the energy transformation process ongoing in Germany, now commonly referred to as energiewende, in the European context, with a focus on the electricity sector. It presents an expert look at the origins of the German energiewende, its concrete implementation, its impacts within the European context as well as medium and long-term perspectives. The authors, internationally recognized energy, electricity, and climate economists at the German Institute for Economic Research (DIW Berlin) and Berlin University of Technology, conclude that the first years of the energiewende have successfully laid the foundation for a renewables-based electricity system i...
Making Electricity Resilient
Energy risk and security have become topical matters in Western and international policy discussions; ranging from international climate change mitigation to investment in energy infrastructures to support economic growth and more sustainable energy provisions. As such, ensuring the resilience of more sustainable energy infrastructures against disruptions has become a growing concern for high-level policy makers. Drawing on interviews, participant observation, policy analysis, and survey research, this book unpacks the work of the authorities, electricity companies, and lay persons that keeps energy systems from failing and helps them to recover from disruptions if they occur. The book explo...
Transmission Network Investment in Liberalized Power Markets
This book provides a systematic overview of transmission network investment in liberalized power markets. Recent government policies to increase the share of intermittent renewable power generation and other technological innovations present new theoretical as well as practical challenges for transmission investments. Written by experts with a background in both economics and engineering, the book examines the economic and technical fundamentals of regulated and merchant transmission investment, and includes case studies of transmission investment in a number of countries. The book is divided into four parts: Part 1 introduces the basic economics and engineering of transmission network investment, while Part 2 discusses merchant investment in the transmission network. Part 3 then examines transmission investment coordination and smart grids, and lastly, Part 4 describes practical experiences of transmission network investment in power market in various countries.
Finding Opportunities in Crisis
This volume was first published by Inter-Disciplinary Press in 2013. This is a multidisciplinary book on crises of all kinds from different parts of the world. Interesting? Not unless crises can be made to serve as opportunities for the future. Fifteen chapters present accounts of empirical research into personal and group crises where people have not just survived their losses and grief but have in most cases gone on to meaningful future growth. Tragedy from natural calamity, war, accident; crisis in the family and at work; despair from physical and spiritual displacement; helplessness from political and economic disenfranchisement – from Australia and America to Asia and Europe. These subjects receive expert multidisciplinary scrutiny with one common goal in mind. To account for the ways in which recovery and regrowth can take place. But this is not a book about the phoenix’s fable. It is empirical, evaluative, and pragmatic. It is about turning crises into opportunities.
