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As the industry environment transforms from a completely regulated setting to a broader, deregulated marketplace, new market participants must understand planning and operations of power systems to effectively participate in markets. This industry overview provides a description of utility operations and traditional planning, and then explains asset management, investment analysis, and risk management within the context of a market environment. Written to provide a broad, working knowledge of the industry, Electric Power Planning for Regulated and Deregulated Markets: Includes descriptions of generation and transmission network equipmentProvides an overview of the regulatory framework, system design and systems operations for ensuring reliable delivery of powerPresents system planning across different time horizons with the objective of minimizing power production costsExplains the principles and architecture of a market environment coupling operational imperatives with financial transactionsAddresses approaches of various participants, including power producers, retailers, and integrated energy companies toward bidding in day ahead markets, managing risks in forward markets, portfolio development and investment analysisProvides numerous examples addressing cost minimization, price forecasting, contract valuation, portfolio risk measurement and others Examines past news events and explains what went wrong at Three Mile Island, the Northeast blackout of 2003, and the California energy crisisThis is an ideal reference for professionals in the public and private power service sectors such as engineers, lawyers, systems specialists, economists, financial analysts, policy analysts, and applied mathematicians.
This is a great book for an introductory understanding of how electric power planning and electric industry economics work. The book starts with a few electrical engineering terms. Its a good book to start if you want to familiarize yourself with the terminology in the electric industry and grid operations.Do not expect anything thought provoking or challenging from this book. A lot of the heavy mathematical weight lifting has been reserved for other more advanced books (Bregen, Cohen, Stevenson). If you are looking for a book to use a reference for power systems engineering, this book is probably not for you. If you are looking for a good intro book on how the grid works and how the economics of dispatch works, this is a good place to start.I would call this book a "gateway book" to engage in the engineering and economics of the electrical industry.
