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Deregulation is causing dramatic change in the power industry but little is known about how power systems will function under competition. What are suitable performance objectives? What control designs are required and what economic techniques should be used? This detailed analysis attempts to answer these questions. The authors provide a modelling, analysis and systems control framework that makes it possible to relate distinctive features of the electric power industry to more conventional supply/demand processes in other industries. Some parts of the system can be distributed while other parts must remain co-ordinated. This authoritative and detailed study is highly topical and will be of interest to those working in the systems control area, especially in electrical power. It is also most relevant for industrial economists as well as academics in electrical power engineering.
This monograph considers the broad multi-disciplinary problem of providing sustainable and resilient electricity services. It introduces technology-agnostic unified modeling foundations and illustrates their use toward end-to-end cyber design for provable performance of complex electric energy systems.
This book fills a void in the existing power systems literature, providing an unusually comprehensive, detailed treatment of the dynamics and control of large electric power systems.
The writing of this book was largely motivated by the ongoing unprecedented world-wide restructuring of the power industry. This move away from the traditional monopolies and toward greater competition, in the form of increased numbers of independent power producers and an unbundling of the main services that were until now provided by the utilities, has been building up for over a decade. This change was driven by the large disparities in electricity tariffs across regions, by technological developments that make it possible for small producers to compete with large ones, and by a widely held belief that competition will be beneficial in a broad sense. All of this together with the politica...
The challenges currently facing particIpants m competitive electricity markets are unique and staggering: unprecedented price volatility, a crippling lack of historical market data on which to test new modeling approaches, and a continuously changing regulatory structure. Meeting these challenges will require the knowledge and experience of both the engineering and finance communities. Yet the two communities continue to largely ignore each other. The finance community believes that engineering models are too detailed and complex to be practically applicable in the fast changing market environment. Engineers counter that the finance models are merely statistical regressions, lacking the nece...
In this book, leading experts in power, control and communication systems discuss the most promising recent research in smart grid modeling, control and optimization. The book goes on to the foundation for future advances in this critical field of study.
Die Umstrukturierung und Liberalisierung der Stromerzeugung brachte tiefgreifende Veränderungen des Marktes, des Wettbewerbs, der Technologien und nicht zuletzt der gesetzlichen Vorschriften mit sich. Dieser Band konzentriert sich auf die technischen Fortschritte und bespricht derzeit aktuelle Probleme anhand anschaulicher Fallstudien. So werden zum Beispiel neue Verfahren zur Vorhersage der Netzlast erläutert. Von international renommierten Experten geschrieben! (07/00)
There is a need for fundamental changes in the ways society views electric energy. Electric energy must be treated as a commodity which can be bought, sold, and traded, taking into account its time-and space-varying values and costs. This book presents a complete framework for the establishment of such an energy marketplace. The framework is based on the use of spot prices. In general terms: o An hourly spot price (in dollars per kilowatt hour) reflects the operating and capital costs of generating, transmitting and distributing electric energy. It varies each hour and from place to place. o The spot price based energy marketplace involves a variety of utility-customer transactions (ranging ...
In the winter of 1996, after 4 years of planning and research, the Symposium on the Virtual Utility was held in Saratoga Springs, New York. It was sponsored by Niag ara Mohawk Power Corporation, Co-sponsored by CSC Index and the New York State Energy Research and Development Authority and hosted by Rensselaer Poly technic Institute, Troy, NY. The symposium sought to identify new areas of inquiry by presenting cutting-edge academic and practitioner research intended to further our understanding of the strategic, technologically-driven issues confronting the elec tricity production and distribution process. The program sought to offer new in sights into rapid changes in the utility industry, i...
This book presents the contributions from a workshop entitled "Electricity security in the cyber age: Managing the increasing dependence of the electricity infrastructure on ICT," which was organized in the Netherlands in May 2009.