Free Download | Power System Economics: Designing Markets for Electricity

The first systematic presentation of electricity market design—from the basics to the cutting edge. Unique in its breadth and depth. Using examples and focusing on fundamentals, it clarifies long misunderstood issues—such as why todays markets are inherently unstable. The book reveals for the first time how uncoordinated regulatory and engineering policies cause boom-bust investment swings and provides guidance and tools for fixing broken markets. It also takes a provocative look at the operation of pools and power exchanges.Part 1 introduces key economic, engineering and market design concepts.Part 2 links short-run reliability policies with long-run investment problems.