This book describes the latest microeconomic concepts and operations research (OR) techniques needed to comprehend the design and operation of power markets, as well as the actions of their agents: producers, consumers, operators, and regulators. This is critical when it comes to addressing a constantly evolving power system environment that incorporates an increasing number of no-marginal-cost renewable sources, increasingly competitive storage facilities, increasingly responsive demands, and widespread communication channels that allow distributed decision-making.
Such evolving environments call for a re-examination of the microeconomic concepts and OR techniques required by graduate students and practitioners in the electric energy field.
This accessible, tutorial-style book features numerous illustrative examples to help readers grasp the economic concepts and OR procedures used by power market professionals.
The authors explian these concepts and procedures and present a vision of a renewable-dominated marketplace. Each chapter also includes exercises.
| Format |
Häftad |
| Omfång |
317 sidor |
| Språk |
Engelska |
| Förlag |
Springer Nature Switzerland AG |
| Utgivningsdatum |
2023-03-30 |
| ISBN |
9783030928735 |
