Economic Market Design and Planning for Electric Power System... - 9780470472088

Economic Market Design and Planning for Electric Power SystemsAuthor(s): James A. Momoh, Lamine Mili\nFormat: Hardback\nPublisher: John Wiley & Sons Inc, United States\nImprint: Wiley-IEEE Press\nISBN-13: 9780470472088, 978-0470472088\nSynopsis\nDiscover cutting-edge developments in electric power systems Stemming from cutting-edge research and education activities in the field of electric power systems, this book brings together the knowledge of a panel of experts in economics, the social sciences, and electric power systems. In ten concise and comprehensible chapters, the book provides unprecedented coverage of the operation, control, planning, and design of electric power systems. It also discusses:\nA framework for interdisciplinary research and education\nModeling electricity markets\nAlternative economic criteria and proactive planning for transmission investment in deregulated power systems\nPayment cost minimization with demand bids and partial capacity cost compensation.