EE 976 Power System Economics, Market and Assets Management
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The new edition of the classic text explains the basis of competitive electricity markets-now updated to reflect the development of these markets and the widespread deployment of renewable energy generation. The introduction of competition in power manufacturing and retail trade has changed the way the power system operates. The creation and operation of a successful competitive power market require a deep understanding of the basic economic principles of power engineering systems and competitive markets. The meticulously revised and updated version of this classic book on energy system economics explains the basic economic principles behind the design, operation and planning of modern energy systems in a competitive environment. It also elaborates on the economics of renewable energy in the electricity market, the provision of incentives, and the cost of integrating renewable energy into the grid.
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