Free Download | Fundamentals of Power System Economics | PDF

The involvement of independent power generators, brokers and distributors has changed the way in which power systems operate. Kirschen and Strbac use a combination of traditional engineering techniques and fundamental economics to address the long-term problems of power system development in a competitive environment. Power system engineers, operators, planners and policy makers working in the deregulated environment will value this practical guide, also of great interest to postgraduate and advanced undergraduate students in electrical and power engineering. * Outlines the principles of competitive electricity markets alongside the operation and development of the supporting transmission and distribution networks * Applies basic economic principles to power system operating and planning * A solutions manual will be available to accompany the problems provided at the end of each chapter * No significant competition currently available, the majority are contributed books contain collections of opinions rather than a coherent approach and do not address recent changes to the industry * Written by recognised experts in the field