The latest practical applications of electricity marketequilibrium models in analyzing electricity marketsElectricity market deregulation is driving the power energyproduction from a monopolistic structure into a competitive marketenvironment. The development of electricity markets hasnecessitated the need to analyze market behavior and power.Restructured Electric Power Systems reviews the latestdevelopments in electricity market equilibrium models and discussesthe application of such models in the practical analysis andassessment of electricity markets.Drawing upon the extensive involvement in the research andindustrial development of the leading experts in the subject area,the book starts by explaining the current developments ofelectrical power systems towards smart grids and then relates theoperation and control technologies to the aspects in electricitymarkets. It explores:* The problems of electricity market behavior and market power* Mathematical programs with equilibrium constraints (MPEC) andequilibrium problems with equilibrium constraints (EPEC)* Tools and techniques for solving the electricity marketequilibrium problems* Various electricity market equilibrium models* State-of-the-art techniques for computing the electricity marketequilibrium problems* The application of electricity market equilibrium models inassessing the economic benefits of transmission expansions formarket environments, forward and spot markets, short-term powersystem security, and analysis of reactive power impactAlso featured are computational resources to allow readers todevelop algorithms on their own, as well as future researchdirections in modeling and computational techniques in electricitymarket analysis. Restructured Electric Power Systems is aninvaluable reference for electrical engineers and power systemeconomists from power utilities and for professors, postgraduatestudents, and undergraduate students in electrical powerengineering, as well as those responsible for the design,engineering, research, and development of competitive electricitymarkets and electricity market policy.
