Fundamentals of Power System Economics
Fundamentals of Power System Economics

Author: Daniel S. Kirschen

Publisher: John Wiley & Sons

Published: 2018-07-04

Total Pages: 344

ISBN-13: 1119213258

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A new edition of the classic text explaining the fundamentals of competitive electricity markets—now updated to reflect the evolution of these markets and the large scale deployment of generation from renewable energy sources The introduction of competition in the generation and retail of electricity has changed the ways in which power systems function. The design and operation of successful competitive electricity markets requires a sound understanding of both power systems engineering and underlying economic principles of a competitive market. This extensively revised and updated edition of the classic text on power system economics explains the basic economic principles underpinning the design, operation, and planning of modern power systems in a competitive environment. It also discusses the economics of renewable energy sources in electricity markets, the provision of incentives, and the cost of integrating renewables in the grid. Fundamentals of Power System Economics, Second Edition looks at the fundamental concepts of microeconomics, organization, and operation of electricity markets, market participants’ strategies, operational reliability and ancillary services, network congestion and related LMP and transmission rights, transmission investment, and generation investment. It also expands the chapter on generation investments—discussing capacity mechanisms in more detail and the need for capacity markets aimed at ensuring that enough generation capacity is available when renewable energy sources are not producing due to lack of wind or sun. Retains the highly praised first edition’s focus and philosophy on the principles of competitive electricity markets and application of basic economics to power system operating and planning Includes an expanded chapter on power system operation that addresses the challenges stemming from the integration of renewable energy sources Addresses the need for additional flexibility and its provision by conventional generation, demand response, and energy storage Discusses the effects of the increased uncertainty on system operation Broadens its coverage of transmission investment and generation investment Updates end-of-chapter problems and accompanying solutions manual Fundamentals of Power System Economics, Second Edition is essential reading for graduate and undergraduate students, professors, practicing engineers, as well as all others who want to understand how economics and power system engineering interact.

Converter-Based Dynamics and Control of Modern Power Systems
Converter-Based Dynamics and Control of Modern Power Systems

Author: Antonello Monti

Publisher: Academic Press

Published: 2020-10-22

Total Pages: 376

ISBN-13: 0128184922

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Converter-Based Dynamics and Control of Modern Power Systems addresses the ongoing changes and challenges in rotating masses of synchronous generators, which are transforming dynamics of the electrical system. These changes make it more important to consider and understand the role of power electronic systems and their characteristics in shaping the subtleties of the grid and this book fills that knowledge gap. Balancing theory, discussion, diagrams, mathematics, and data, this reference provides the information needed to acquire a thorough overview of resilience issues and frequency definition and estimation in modern power systems. This book offers an overview of classical power system dynamics and identifies ways of establishing future challenges and how they can be considered at a global level to overcome potential problems. The book is designed to prepare future engineers for operating a system that will be driven by electronics and less by electromechanical systems. - Includes theory on the emerging topic of electrical grids based on power electronics - Creates a good bridge between traditional theory and modern theory to support researchers and engineers - Links the two fields of power systems and power electronics in electrical engineering

The Internet of Things for Smart Urban Ecosystems
The Internet of Things for Smart Urban Ecosystems

Author: Franco Cicirelli

Publisher: Springer

Published: 2018-08-10

Total Pages: 389

ISBN-13: 3319965506

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The main objective of this book is to provide a multidisciplinary overview of methodological approaches, architectures, platforms, and algorithms for the realization of an Internet of Things (IoT)-based Smart Urban Ecosystem (SUE). Moreover, the book details a set of real-world applications and case studies related to specific smart infrastructures and smart cities, including structural health monitoring, smart urban drainage networks, smart grids, power efficiency, healthcare, city security, and emergency management. A Smart Urban Ecosystem (SUE) is a people-centric system of systems that involves smart city environments, applications, and infrastructures. SUEs require the close integration of cyber and physical components for monitoring, understanding and controlling the urban environment. In this context, the Internet of Things (IoT) offers a valuable enabling technology, as it bridges the gap between physical things and software components, and empowers cooperation between distributed, pervasive, and heterogeneous entities.

Optimization Methods Applied to Power Systems Ⅱ
Optimization Methods Applied to Power Systems Ⅱ

Author: Francisco G. Montoya

Publisher: MDPI

Published: 2021-03-16

Total Pages: 350

ISBN-13: 3036503587

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Electrical power systems are complex networks that include a set of electrical components that allow distributing the electricity generated in the conventional and renewable power plants to distribution systems so it can be received by final consumers (businesses and homes). In practice, power system management requires solving different design, operation, and control problems. Bearing in mind that computers are used to solve these complex optimization problems, this book includes some recent contributions to this field that cover a large variety of problems. More specifically, the book includes contributions about topics such as controllers for the frequency response of microgrids, post-contingency overflow analysis, line overloads after line and generation contingences, power quality disturbances, earthing system touch voltages, security-constrained optimal power flow, voltage regulation planning, intermittent generation in power systems, location of partial discharge source in gas-insulated switchgear, electric vehicle charging stations, optimal power flow with photovoltaic generation, hydroelectric plant location selection, cold-thermal-electric integrated energy systems, high-efficiency resonant devices for microwave power generation, security-constrained unit commitment, and economic dispatch problems.

Research Handbook on Energy and Society
Research Handbook on Energy and Society

Author: Webb, Janette

Publisher: Edward Elgar Publishing

Published: 2021-12-10

Total Pages: 416

ISBN-13: 1839100710

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This incisive Research Handbook examines the relationship between energy and society, across both macro- and micro-scales, in the context of the climate crisis. Featuring an extensive examination of current research in the field from fifty expert international contributors, it offers important insights into the inter-connections between the globally organised fossil fuel energy system and the changing structures of society.

Hybrid Energy Systems
Hybrid Energy Systems

Author: Yatish T. Shah

Publisher: CRC Press

Published: 2021-04-04

Total Pages: 559

ISBN-13: 1000368548

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Hybrid Energy Systems: Strategy for Industrial Decarbonization demonstrates how hybrid energy and processes can decarbonize energy industry needs for power and heating and cooling. It describes the role of hybrid energy and processes in nine major industry sectors and discusses how hybrid energy can offer sustainable solutions in each. Introduces the basics and examples of hybrid energy systems Examines hybrid energy and processes in coal, oil and gas, nuclear, building, vehicle, manufacturing and industrial processes, computing and portable electronic, district heating and cooling, and water sectors Shows that hybrid processes can improve efficiency and that hybrid energy can effectively insert renewable fuels in the energy industry Serves as a companion text to the author’s book Hybrid Power: Generation, Storage, and Grids Written for advanced students, researchers, and industry professionals involved in energy-related processes and plants, this book offers latest research and practical strategies for application of the innovative field of hybrid energy.

Recent Advances in Electrical Engineering, Electronics and Energy
Recent Advances in Electrical Engineering, Electronics and Energy

Author: Miguel Botto Tobar

Publisher: Springer Nature

Published: 2021-03-24

Total Pages: 308

ISBN-13: 3030722082

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This book constitutes the proceedings of the XV Multidisciplinary International Congress on Science and Technology (CIT 2020), held in Quito, Ecuador, on 26–30 October 2020, proudly organized by Universidad de las Fuerzas Armadas ESPE in collaboration with GDEON. CIT is an international event with a multidisciplinary approach that promotes the dissemination of advances in Science and Technology research through the presentation of keynote conferences. In CIT, theoretical, technical, or application works that are research products are presented to discuss and debate ideas, experiences, and challenges. Presenting high-quality, peer-reviewed papers, the book discusses the following topics: • Electrical and Electronic• Energy and Mechanics

Pathways to a Smarter Power System
Pathways to a Smarter Power System

Author: Ozan Erdinc

Publisher: Academic Press

Published: 2019-04-23

Total Pages: 444

ISBN-13: 0081025939

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Pathways to a Smarter Power System studies different concepts within smart grids that are used in both industry and system regulators (e.g. distribution and transmission system operators) and research. This book covers these concepts from multiple perspectives and in multiple contexts, presenting detailed technical information on renewable energy systems, distributed generation and energy storage units, methods to activate the demand side of power systems, market structure needs, and advanced planning concepts and new operational requirements, specifically for power system protection, technological evolvements, and requirements regarding technology in ICT, power electronics and control areas. This book provides energy researchers and engineers with an indispensable guide on how to apply wider perspectives to the different technological and conceptual requirements of a smarter power system. - Includes concepts regarding conceptual and technological needs and investment planning suggestions for smart grid enabling strategies - Contains new electric power system operational concepts required by industry, along with R&D studies addressing new solutions to potential operational problems - Covers pathways to smarter power systems from successful existing examples to expected short, medium and long-term possibilities

HVDC/FACTS for Grid Services in Electric Power Systems
HVDC/FACTS for Grid Services in Electric Power Systems

Author: José M. Maza-Ortega

Publisher: MDPI

Published: 2020-11-23

Total Pages: 276

ISBN-13: 3039283766

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Electric power systems are headed for a true changing of the guard, due to the urgent need for achieving sustainable energy delivery. Fortunately, the development of new technologies is driving the transition of power systems toward a carbon-free paradigm while maintaining the current standards of quality, efficiency, and resilience. The introduction of HVDC and FACTS in the 20th century, taking advantage of dramatic improvements in power electronics and control, gave rise to unprecedented levels of flexibility and speed of response in comparison with traditional electromechanical devices. This flexibility is nowadays required more than ever in order to solve a puzzle with pieces that do not always fit perfectly. This Special Issue aims to address the role that FACTS and HVDC systems can play in helping electric power systems face the challenges of the near future.