Power grid operation in a market environment: economic efficiency and risk mitigation
Covers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field...
Gespeichert in:
| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Piscataway, New Jersey
IEEE Press/Wiley
[2017]
|
| Schriftenreihe: | IEEE Press series on power engineering
|
| Schlagworte: | |
| Online-Zugang: | FHI01 FHN01 Volltext |
| Zusammenfassung: | Covers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. Besides the state-of-the-art review and discussion on the domain of balancing economic efficiency and operation risk mitigation, this book: . Describes a new approach for mass market demand response management, and introduces new criteria to improve system performance with large scale variable generation additions. Reviews mathematic models and solution methods of SCUC to help address challenges posed by increased operational uncertainties with high-penetration of renewable resources. Presents a planning framework to account for the value of operational flexibility in transmission planning and to provide market mechanism for risk sharing Power Grid Operations in a Market Environment: Economic Efficiency and Risk Mitigation is a timely reference for power engineers and researchers, electricity market traders and analysts, and market designers |
| Beschreibung: | Description based on PDF viewed 11/08/2017 |
| Beschreibung: | 1 Online-Resource (xix, 260 pages) illustrations |
| ISBN: | 9781119083016 |
Internformat
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| 520 | |a Covers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. | ||
| 520 | |a The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. Besides the state-of-the-art review and discussion on the domain of balancing economic efficiency and operation risk mitigation, this book: . Describes a new approach for mass market demand response management, and introduces new criteria to improve system performance with large scale variable generation additions. Reviews mathematic models and solution methods of SCUC to help address challenges posed by increased operational uncertainties with high-penetration of renewable resources. | ||
| 520 | |a Presents a planning framework to account for the value of operational flexibility in transmission planning and to provide market mechanism for risk sharing Power Grid Operations in a Market Environment: Economic Efficiency and Risk Mitigation is a timely reference for power engineers and researchers, electricity market traders and analysts, and market designers | ||
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| id | DE-604.BV046418455 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T08:44:05Z |
| institution | BVB |
| isbn | 9781119083016 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-031830927 |
| oclc_num | 1141152907 |
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| owner | DE-573 DE-92 |
| owner_facet | DE-573 DE-92 |
| physical | 1 Online-Resource (xix, 260 pages) illustrations |
| psigel | ZDB-35-WEL |
| publishDate | 2017 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | IEEE Press/Wiley |
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| series2 | IEEE Press series on power engineering |
| spelling | Power grid operation in a market environment economic efficiency and risk mitigation edited by Hong Chen Piscataway, New Jersey IEEE Press/Wiley [2017] 1 Online-Resource (xix, 260 pages) illustrations txt rdacontent c rdamedia cr rdacarrier IEEE Press series on power engineering Description based on PDF viewed 11/08/2017 Covers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. Besides the state-of-the-art review and discussion on the domain of balancing economic efficiency and operation risk mitigation, this book: . Describes a new approach for mass market demand response management, and introduces new criteria to improve system performance with large scale variable generation additions. Reviews mathematic models and solution methods of SCUC to help address challenges posed by increased operational uncertainties with high-penetration of renewable resources. Presents a planning framework to account for the value of operational flexibility in transmission planning and to provide market mechanism for risk sharing Power Grid Operations in a Market Environment: Economic Efficiency and Risk Mitigation is a timely reference for power engineers and researchers, electricity market traders and analysts, and market designers Electric power distribution / Economic aspects fast Electric power systems / Economic aspects fast Electric power transmission / Economic aspects fast Electric utilities / Economic aspects fast Electric power distribution Economic aspects Electric power transmission Economic aspects Electric power systems Economic aspects Electric utilities Economic aspects Chen, Hong Sonstige oth Erscheint auch als Druck-Ausgabe 9781118984543 https://ieeexplore.ieee.org/xpl/bkabstractplus.jsp?bkn=7601573 Aggregator URL des Erstveröffentlichers Volltext |
| spellingShingle | Power grid operation in a market environment economic efficiency and risk mitigation Electric power distribution / Economic aspects fast Electric power systems / Economic aspects fast Electric power transmission / Economic aspects fast Electric utilities / Economic aspects fast Electric power distribution Economic aspects Electric power transmission Economic aspects Electric power systems Economic aspects Electric utilities Economic aspects |
| title | Power grid operation in a market environment economic efficiency and risk mitigation |
| title_auth | Power grid operation in a market environment economic efficiency and risk mitigation |
| title_exact_search | Power grid operation in a market environment economic efficiency and risk mitigation |
| title_full | Power grid operation in a market environment economic efficiency and risk mitigation edited by Hong Chen |
| title_fullStr | Power grid operation in a market environment economic efficiency and risk mitigation edited by Hong Chen |
| title_full_unstemmed | Power grid operation in a market environment economic efficiency and risk mitigation edited by Hong Chen |
| title_short | Power grid operation in a market environment |
| title_sort | power grid operation in a market environment economic efficiency and risk mitigation |
| title_sub | economic efficiency and risk mitigation |
| topic | Electric power distribution / Economic aspects fast Electric power systems / Economic aspects fast Electric power transmission / Economic aspects fast Electric utilities / Economic aspects fast Electric power distribution Economic aspects Electric power transmission Economic aspects Electric power systems Economic aspects Electric utilities Economic aspects |
| topic_facet | Electric power distribution / Economic aspects Electric power systems / Economic aspects Electric power transmission / Economic aspects Electric utilities / Economic aspects Electric power distribution Economic aspects Electric power transmission Economic aspects Electric power systems Economic aspects Electric utilities Economic aspects |
| url | https://ieeexplore.ieee.org/xpl/bkabstractplus.jsp?bkn=7601573 |
| work_keys_str_mv | AT chenhong powergridoperationinamarketenvironmenteconomicefficiencyandriskmitigation |