Interest in power systems economics is gaining momentum with the recent
power supply shortages in America and the rising cost of fossil fuels.
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