Power Grid Operation in a Market Environment: Economic Efficiency and Risk Mitigation (IEEE Press Series on Power Engineering)

Category: Technical

Tag: Science/Engineering


Posted on 2020-07-21, by books_lover.

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Power Grid Operation in a Market Environment: Economic Efficiency and Risk Mitigation (IEEE Press Series on Power Engineering) Covers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security
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