Power System Economics – Designing Markets for Electricity Stoft Paperback

Power System EconomicsDesigning Markets for Electricity\nAuthor(s): Steven Stoft\nFormat: Paperback\nPublisher: John Wiley & Sons Inc, United States\nImprint: Wiley-IEEE Press\nISBN-13: 9780471150404, 978-0471150404\nSynopsis\nThe first systematic presentation of electricity market design-from the basics to the cutting edge. Unique in its breadth and depth. Using examples and focusing on fundamentals, it clarifies long misunderstood issues-such as why today's markets are inherently unstable. The book reveals for the first time how uncoordinated regulatory and engineering policies cause boom-bust investment swings and provides guidance and tools for fixing broken markets. It also takes a provocative look at the operation of pools and power exchanges. * Part 1 introduces key economic, engineering and market design concepts. * Part 2 links short-run reliability policies with long-run investment problems. * Part 3 examines classic designs for day-ahead and real-time markets. * Part 4]