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CAIRO BOOKS's Description
The latest practical applications of electricity market equilibrium models in
analyzing electricity markets
Electricity market deregulation is driving the power energy production from a
monopolistic structure into a competitive market environment. The development
of electricity markets has necessitated the need to analyze market behavior and
power. Restructured Electric Power Systems reviews the latest developments in
electricity market equilibrium models and discusses the application of such
models in the practical analysis and assessment of electricity markets.
Drawing upon the extensive involvement in the research and industrial
development of the leading experts in the subject area, the book starts by
explaining the current developments of electrical power systems towards smart
grids and then relates the operation and control technologies to the aspects in
electricity markets. It explores:
The problems of electricity market behavior and market power
Mathematical programs with equilibrium constraints (MPEC) and equilibrium
problems with equilibrium constraints (EPEC)
Tools and techniques for solving the electricity market equilibrium problems
Various electricity market equilibrium models
State-of-the-art techniques for computing the electricity market equilibrium
The application of electricity market equilibrium models in assessing the
economic benefits of transmission expansions for market environments, forward
and spot markets, short-term power system security, and analysis of reactive
Also featured are computational resources to allow readers to develop
algorithms on their own, as well as future research directions in modeling and
computational techniques in electricity market analysis. Restructured Electric
Power Systems is an invaluable reference for electrical engineers and power
system economists from power utilities and for professors, postgraduate
students, and undergraduate students in electrical power engineering, as well
as those responsible for the design, engineering, research, and development of
competitive electricity markets and electricity market policy.