Wiley - Power Grid Operation In A Market Environment: Economic Efficiency And Risk... (2017 EN)

Discussion in 'Others' started by Kanka, Jan 13, 2019.

  1. Kanka

    Kanka Well-Known Member Loyal User

    Messages:
    16,086
    Likes Received:
    446
    Trophy Points:
    83
    [​IMG]

    Author: Hong Chen (Editor)
    Full Title: Power Grid Operation In A Market Environment: Economic Efficiency And Risk Mitigation
    Publisher: Wiley-IEEE Press; 1 edition (November 14, 2016)
    Year: 2017
    ISBN-13: 9781118984543 (978-1-118-98454-3)
    ISBN-10: 1118984544
    Pages: 288
    Language: English
    Genre: Engineering: Energy Production & Extraction
    File type: EPUB, PDF (True, but nonnative Cover)
    Quality: 9/10
    Price: 104.40 €


    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 Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. Besides the state-of-the-art review and discussion on the domain of balancing economic efficiency and operation risk mitigation, this book:

    ░ Describes a new approach for mass market demand response management, and introduces new criteria to improve system performance with large scale variable generation additions
    ░ Reviews mathematic models and solution methods of SCUC to help address challenges posed by increased operational uncertainties with high-penetration of renewable resources
    ░ Presents a planning framework to account for the value of operational flexibility in transmission planning and to provide market mechanism for risk sharing

    Power Grid Operations in a Market Environment: Economic Efficiency and Risk Mitigation is a timely reference for power engineers and researchers, electricity market traders and analysts, and market designers.

    -------------
     
    Last edited by a moderator: Aug 10, 2019