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The first systematic presentation of electricity market design-from the basics to the cutting edge. Unique in its breadth and depth. Using examples and focusing on fundamentals, it clarifies long misunderstood issues-such as why today's markets are inherently unstable. The book reveals for the first time how uncoordinated regulatory and engineering policies cause boom-bust investment swings and provides guidance and tools for fixing broken markets. It also takes a provocative look at the operation of pools and power exchanges. * Part 1 introduces key economic, engineering and market design concepts. * Part 2 links short-run reliability policies with long-run investment problems. * Part 3 examines classic designs for day-ahead and real-time markets. * Part 4 covers market power, and * Part 5 covers locational pricing, transmission right and pricing losses. The non-technical introductions to all chapters allow easy access to the most difficult topics. Steering an independent course between ideological extremes, it provides background material for engineers, economists, regulators and lawyers alike. With nearly 250 figures, tables, side bars, and concisely-stated results and fallacies, the 44 chapters cover such essential topics as auctions, fixed-cost recovery from marginal cost, pricing fallacies, real and reactive power flows, Cournot competition, installed capacity markets, HHIs, the Lerner index and price caps. About the Author Steven Stoft has a Ph.D. in economics (U.C. Berkeley) as well as a background in physics, math, engineering, and astronomy. He spent a year inside FERC and now consults for PJM, California and private generators. Learn more at www.stoft.com.
This updated edition includes: coverage of power-system estimation, including current developments in the field; discussion of system control, which is a key topic covering economic factors of line losses and penalty factors; and new problems and examples throughout.
Provides a basic comprehensive treatment of the major electrical engineering problems associated with the design and operation of electric power systems. The major components of the power system are modeled in terms of their sequence (symmetrical component) equivalent circuits. Reviews power flow, fault analysis, economic dispatch, and transient stability in power systems.
About the Book: Electrical power system together with Generation, Distribution and utilization of Electrical Energy by the same author cover almost six to seven courses offered by various universities under Electrical and Electronics Engineering curriculum. Also, this combination has proved highly successful for writing competitive examinations viz. UPSC, NTPC, National Power Grid, NHPC, etc.
The second edition of Steven W. Blume’s bestseller provides a comprehensive treatment of power technology for the non-electrical engineer working in the electric power industry This book aims to give non-electrical professionals a fundamental understanding of large interconnected electrical power systems, better known as the “Power Grid”, with regard to terminology, electrical concepts, design considerations, construction practices, industry standards, control room operations for both normal and emergency conditions, maintenance, consumption, telecommunications and safety. The text begins with an overview of the terminology and basic electrical concepts commonly used in the industry then it examines the generation, transmission and distribution of power. Other topics discussed include energy management, conservation of electrical energy, consumption characteristics and regulatory aspects to help readers understand modern electric power systems. This second edition features: New sections on renewable energy, regulatory changes, new measures to improve system reliability, and smart technologies used in the power grid system Updated practical examples, photographs, drawing, and illustrations to help the reader gain a better understanding of the material “Optional supplementary reading” sections within most chapters to elaborate on certain concepts by providing additional detail or background Electric Power System Basics for the Nonelectrical Professional, Second Edition, gives business professionals in the industry and entry-level engineers a strong introduction to power technology in non-technical terms. Steve W. Blume is Founder of Applied Professional Training, Inc., APT Global, LLC, APT College, LLC and APT Corporate Training Services, LLC, USA. Steve is a registered professional engineer and certified NERC Reliability Coordinator with a Master's degree in Electrical Engineering specializing in power and a Bachelor's degree specializing in Telecommunications. He has more than 25 years’ experience teaching electric power system basics to non-electrical professionals. Steve's engineering and operations experience includes generation, transmission, distribution, and electrical safety. He is an active senior member in IEEE and has published two books in power systems through IEEE and Wiley.
"Today's electric power systems are continually increasing in complexity due to interconnection growth, the use of new technologies, and financial and regulatory constraints. Sponsored by the Electric Power Research Institute, this expert engineering guide helps you deal effectively with stability and control problems resulting from these major changes in the industry. Power System Stability and Control contains the hands-on information you need to understand, model, analyze, and solve problems using the latest technical tools. You'll learn about the structure of modern power systems, the different levels of control, and the nature of stability problems you face in your day-to-day work. The book features a complete account of equipment characteristics and modeling techniques. Included is detailed coverage of generators, excitation systems, prime movers, ac and dc transmission, and system loads - plus principles of active and reactive power control, and models for control equipment. Different categories of power system stability are thoroughly covered with descriptions of numerous methods of analysis and control measures for mitigating the full spectrum of stability problems. This comprehensive source book is written from a pragmatic point of view, but without undue compromise in mathematical rigor. Filled with illustrative examples, it give the necessary basic theory and insight into practical aspects"--Back cover.
This textbook provides a detailed description of operation problems in power systems, including power system modeling, power system steady-state operations, power system state estimation, and electricity markets. The book provides an appropriate blend of theoretical background and practical applications, which are developed as working algorithms, coded in Octave (or Matlab) and GAMS environments. This feature strengthens the usefulness of the book for both students and practitioners. Students will gain an insightful understanding of current power system operation problems in engineering, including: (i) the formulation of decision-making models, (ii) the familiarization with efficient solution algorithms for such models, and (iii) insights into these problems through the detailed analysis of numerous illustrative examples. The authors use a modern, “building-block” approach to solving complex problems, making the topic accessible to students with limited background in power systems. Solved examples are used to introduce new concepts and each chapter ends with a set of exercises.
Smart grids are linked with smart homes and smart meters. These smart grids are the new topology for generating, distributing, and consuming energy. If these smart devices are not connected in a smart grid, then they cannot work properly; hence, the conventional power systems are swiftly changing in order to improve the quality of electrical energy. This book covers the fundamentals of power systems—which are the pillars for smart grids —with a focus on defining the smart grid with theoretical and experimental electrical concepts. Power System Fundamentals begins by discussing electric circuits, the basic systems in smart grids, and finishes with a complete smart grid concept. The book allows the reader to build a foundation of understanding with basic and advanced exercises that run on simulation before moving to experimental results. It is intended for readers who want to comprehensively cover both the basic and advanced concepts of smart grids.
Power System SCADA and Smart Grids brings together in one concise volume the fundamentals and possible application functions of power system supervisory control and data acquisition (SCADA). The text begins by providing an overview of SCADA systems, evolution, and use in power systems and the data acquisition process. It then describes the components of SCADA systems, from the legacy remote terminal units (RTUs) to the latest intelligent electronic devices (IEDs), data concentrators, and master stations, as well as: Examines the building and practical implementation of different SCADA systems Offers a comprehensive discussion of the data communication, protocols, and media usage Covers substation automation (SA), which forms the basis for transmission, distribution, and customer automation Addresses distribution automation and distribution management systems (DA/DMS) and energy management systems (EMS) for transmission control centers Discusses smart distribution, smart transmission, and smart grid solutions such as smart homes with home energy management systems (HEMs), plugged hybrid electric vehicles, and more Power System SCADA and Smart Grids is designed to assist electrical engineering students, researchers, and practitioners alike in acquiring a solid understanding of SCADA systems and application functions in generation, transmission, and distribution systems, which are evolving day by day, to help them adapt to new challenges effortlessly. The book reveals the inner secrets of SCADA systems, unveils the potential of the smart grid, and inspires more minds to get involved in the development process.
"Power System Coherency and Model Reduction" provides a comprehensive treatment for understanding interarea modes in large power systems and obtaining reduced-order models using the coherency concept and selective modal analysis method. Both linear and nonlinear analysis methods are covered. This is a reference book for researchers interested in interarea oscillations and model reduction, and power engineers in developing reduced models for power system studies and control design.