Computational Auction Mechanisms for Restructured Power Industry Operation

Computational Auction Mechanisms for Restructured Power Industry Operation
Author :
Publisher : Springer Science & Business Media
Total Pages : 348
Release :
ISBN-10 : 9781461551577
ISBN-13 : 1461551579
Rating : 4/5 (77 Downloads)

Book Synopsis Computational Auction Mechanisms for Restructured Power Industry Operation by : Gerald B. Sheblé

Download or read book Computational Auction Mechanisms for Restructured Power Industry Operation written by Gerald B. Sheblé and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: `Electric energy must be treated as a commodity which can be bought, sold, and traded, taking into account its time- and space-varying values and costs.` Spot Pricing of Electricity, Schweppe et al, 1988. Computational Auction Mechanisms for Restructured Power Industry Operation outlines the application of auction methods for all aspects of power system operation, primarily for a competitive environment. A complete description of the industry structure as well as the various markets now being formed is given. A thorough introduction to auction basics is included to explain how auctions have grown in other industries. Auction methods are compared to classical techniques for power system analysis, operations, and planning. The traditional applications of economic dispatch, optimal power flow and unit commitment are compared to auction mechanisms. Algorithms for auctions using linearized power flow equations, DC power flow equations, and AC power flow equations are included. The bundling of supportive services, known as ancillary services within the United States, is discussed. Extensions to the basic auction algorithms for inclusion of supportive services as well as algorithms for scheduling and bidding on generation for GENCOs or independent power producers are presented. Algorithms for scheduling and contracting with customers are also presented for energy service companies. An introduction to the various commodity and financial market products includes the use of futures and options for GENCOs. The material is useful for students performing research on the new business environment based on competition. Regulators will find information on initial methods of designing and evaluating market systems, and power exchange and financial analysts will find information on the interdependence of markets and power system-based techniques for risk management. This information compares the new business environment solutions with old business environment solutions. Computational Auction Mechanisms for Restructured Power Industry Operation provides a first introduction to how electricity will be traded as a commodity in the future.


Computational Auction Mechanisms for Restructured Power Industry Operation Related Books

Computational Auction Mechanisms for Restructured Power Industry Operation
Language: en
Pages: 348
Authors: Gerald B. Sheblé
Categories: Technology & Engineering
Type: BOOK - Published: 2012-12-06 - Publisher: Springer Science & Business Media

DOWNLOAD EBOOK

`Electric energy must be treated as a commodity which can be bought, sold, and traded, taking into account its time- and space-varying values and costs.` Spot P
Electric Energy Systems
Language: en
Pages: 908
Authors: Antonio Gomez-Exposito
Categories: Technology & Engineering
Type: BOOK - Published: 2018-06-14 - Publisher: CRC Press

DOWNLOAD EBOOK

Electric Energy Systems, Second Edition provides an analysis of electric generation and transmission systems that addresses diverse regulatory issues. It includ
State Estimation in Electric Power Systems
Language: en
Pages: 405
Authors: A. Monticelli
Categories: Technology & Engineering
Type: BOOK - Published: 2012-12-06 - Publisher: Springer Science & Business Media

DOWNLOAD EBOOK

State Estimation in Electric Power Systems: A Generalized Approach provides for the first time a comprehensive introduction to the topic of state estimation at
Power Generation, Operation, and Control
Language: en
Pages: 656
Authors: Allen J. Wood
Categories: Technology & Engineering
Type: BOOK - Published: 2013-12-18 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

A thoroughly revised new edition of the definitive work on power systems best practices In this eagerly awaited new edition, Power Generation, Operation, and Co
Operation of Restructured Power Systems
Language: en
Pages: 323
Authors: Kankar Bhattacharya
Categories: Technology & Engineering
Type: BOOK - Published: 2012-12-06 - Publisher: Springer Science & Business Media

DOWNLOAD EBOOK

Deregulation is a fairly new paradigm in the electric power industry. And just as in the case of other industries where it has been introduced, the goal of dere