Power System Economics: Designing Markets for Electricity
| Author | : | |
| Rating | : | 4.40 (846 Votes) |
| Asin | : | 0471150401 |
| Format Type | : | paperback |
| Number of Pages | : | 496 Pages |
| Publish Date | : | 2015-02-14 |
| Language | : | English |
DESCRIPTION:
* Part 1 introduces key economic, engineering and market design concepts. It also takes a provocative look at the operation of pools and power exchanges. * Part 3 examines classic designs for day-ahead and real-time markets. About the Author Steven Stoft has a Ph.D. * Part 2 links short-run reliability policies with long-run investment problems. Steering an independent course between ideological extremes, it provides background material for engineers, economists, regulators and lawyers alike. The first systematic presentation of electricity market design-from the basics to the cutting edge. Berkeley) as well as a background in physics, math, engineering, and astronomy. The non-technical introductions to all chapters allow easy access to the most difficult topics. Unique in its breadth and d
"This book is for anyone seeking to understand how cost/price relationships involved in electrical energy production and distribution may ideally be determined." (Electrical Apparatus, August 2002) "the quality of its content deserves a wide readership"(Power System Economics The Journal of Energy Literature, Vol.V111, No.2, 2002)
A disappointing book for economists A Customer or those wishing to see what economists really have to offer regarding power systems. Stoft's technical discussion of power markets, or locational pricing, mechanisms is just fine. But he offers nothing about the economics of electricity transmission, without which spatially diverse power markets are merely a theory. As such, his book is of no particular use to those looking to understand the economic issues that bedevil large power markets, like those in the US, where persistent transmission constraints can impair the functioning of the best "market architecture.""Economics" is a loosely-used term in electricity market circles. Those wish. Ning Jiang said A combination of EE101 and ECO101.. cons: It covers a lot of entry level material regarding power system and economics. If you know both power system engineering and economics, it won't be a help since it is too elementary. If you don't know power system or economics, don't expect you can build up a solid background by reading this book.pros: it is good review of EE101 and ECO101.Alert: this book really didn't tell you anything about designing a electricity market: the fundmental incentive compatibility is not covered at all!IT IS JUST A REVIEW BOOK, NOT A GUIDE BOOK YOU CAN DEPENDEND ON FOR MARKET DESIGN ADN ANALYSIS.. "Solid coherent text" according to Rajat Sood. Stoft's book provides a coherent and logical framework for understanding power system economics. It discusses the key controversies (or "fallacies") in power markets in a clear and easily-understandable way. There is a lot of confusion on these topics these days, not only in the press, but in a lot of the literature. Lots of commentators have vested interests, which colours their analysis and comment. Stoft's book helps bring the debates back to first principles. A textbook like this can never anticipate every question or issue that arises in every power market in the world, but the book provides a good framework for understanding the funda