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Economics of power systems

Record Type:	Electronic resources : Monograph/item
Title/Author:	Economics of power systemsby Makoto Tanaka, Antonio J. Conejo, Afzal S. Siddiqui.
Author:	Tanaka, Makoto.
other author:	Conejo, Antonio J.
Published:	Cham :Springer International Publishing :2022.
Description:	xiv, 317 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Electric industries.
Online resource:	https://doi.org/10.1007/978-3-030-92871-1
ISBN:	9783030928711$q(electronic bk.)

Economics of power systems
Tanaka, Makoto.

Economics of power systems[electronic resource] /by Makoto Tanaka, Antonio J. Conejo, Afzal S. Siddiqui. - Cham :Springer International Publishing :2022. - xiv, 317 p. :ill., digital ;24 cm. - International series in operations research & management science,v. 3272214-7934 ;. - International series in operations research & management science ;v. 140..

1. Demand -- 2. Supply -- 3. Market Clearing -- 4. Marginal Pricing -- 5. Market Power -- 6. Environmental Externalities -- 7. Investment.

This book describes the latest microeconomic concepts and operations research (OR) techniques needed to comprehend the design and operation of power markets, as well as the actions of their agents: producers, consumers, operators, and regulators. This is critical when it comes to addressing a constantly evolving power system environment that incorporates an increasing number of no-marginal-cost renewable sources, increasingly competitive storage facilities, increasingly responsive demands, and widespread communication channels that allow distributed decision-making. Such evolving environments call for a re-examination of the microeconomic concepts and OR techniques required by graduate students and practitioners in the electric energy field. This accessible, tutorial-style book features numerous illustrative examples to help readers grasp the economic concepts and OR procedures used by power market professionals. The authors explain these concepts and procedures and present a vision of a renewable-dominated marketplace. Each chapter also includes exercises.

ISBN: 9783030928711$q(electronic bk.)

Standard No.: 10.1007/978-3-030-92871-1doiSubjects--Topical Terms:

806486
Electric industries.

LC Class. No.: HD9697.A2 / T35 2022

Dewey Class. No.: 333.79

Economics of power systems
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245 1 0 $a Economics of power systems $h [electronic resource] / $c by Makoto Tanaka, Antonio J. Conejo, Afzal S. Siddiqui.
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490 1 $a International series in operations research & management science, $x 2214-7934 ; $v v. 327
505 0 $a 1. Demand -- 2. Supply -- 3. Market Clearing -- 4. Marginal Pricing -- 5. Market Power -- 6. Environmental Externalities -- 7. Investment.
520 $a This book describes the latest microeconomic concepts and operations research (OR) techniques needed to comprehend the design and operation of power markets, as well as the actions of their agents: producers, consumers, operators, and regulators. This is critical when it comes to addressing a constantly evolving power system environment that incorporates an increasing number of no-marginal-cost renewable sources, increasingly competitive storage facilities, increasingly responsive demands, and widespread communication channels that allow distributed decision-making. Such evolving environments call for a re-examination of the microeconomic concepts and OR techniques required by graduate students and practitioners in the electric energy field. This accessible, tutorial-style book features numerous illustrative examples to help readers grasp the economic concepts and OR procedures used by power market professionals. The authors explain these concepts and procedures and present a vision of a renewable-dominated marketplace. Each chapter also includes exercises.
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650 2 4 $a Microeconomics. $3 182798
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700 1 $a Siddiqui, Afzal S. $3 858437
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