With the theories and rules of electricity markets developing rapidly, it’s difficult for beginners to start learning and difficult for those in the field to keep up. Bringing together information previously scattered among various journals and scholarly articles, this book provides a comprehensive overview of the current state of development in the electricity market. It introduces the fundamental principles of power system operation so that even those with a basic understanding can benefit from the book. It includes a series of consistent mathematical models of market operation of power systems, original cases, and MATLAB programming examples with solutions.
Preface
Chapter 1 : Introduction
Chapter 2 : Fundamentals of Power System Operation
Chapter 3 : Market Design : Spot Energy Market
Chapter 4 : Market Design : Management of Ancillary Services
Chapter 5 : Market Design : Common Costs Allocation
Chapter 6 : Design of World's Power System Operation and Exchange Organizations
Chapter 7 : Microeconomic Analysis
Chapter 8 : Risk Management
Chapter 9 : Capacity Market and Generation Resource Adequacy
Index
