Discover cutting-edge developments in electric power systemsStemming from cutting-edge research and education activities inthe field of electric power systems, this book brings together theknowledge of a panel of experts in economics, the social sciences,and electric power systems. In ten concise and comprehensiblechapters, the book provides unprecedented coverage of theoperation, control, planning, and design of electric power systems.It also discusses:* A framework for interdisciplinary research and education* Modeling electricity markets* Alternative economic criteria and proactive planning fortransmission investment in deregulated power systems* Payment cost minimization with demand bids and partial capacitycost compensations for day-ahead electricity auctions* Dynamic oligopolistic competition in an electric power networkand impacts of infrastructure disruptions* Reliability in monopolies and duopolies* Building an efficient, reliable, and sustainable powersystem* Risk-based power system planning integrating social and economicdirect and indirect costs* Models for transmission expansion planning based onreconfiguration capacitor switching* Next-generation optimization for electric power systemsMost chapters end with a bibliography, closing remarks,conclusions, or future work. Economic Market Design and Planningfor Electric Power Systems is an indispensable reference forpolicy-makers, executives and engineers of electric utilities,university faculty members, and graduate students and researchersin control theory, electric power systems, economics, and thesocial sciences.
