Electric Power Planning for Regulated and Deregulated Markets

As the industry environment transforms from a completely regulated setting to a broader, deregulated marketplace, new market participants must understand planning and operations of power systems to effectively participate in markets.  This industry overview provides a description of utility operations and traditional planning, and then explains asset management, investment analysis, and risk management within the context of a market environment. Written to provide a broad, working knowledge of the industry, <i>Electric Power Planning for Regulated and Deregulated Markets</i>: <ul> <li>Includes descriptions of generation and transmission network equipment</li> <li>Provides an overview of the regulatory framework, system design and systems operations for ensuring reliable delivery of power</li> <li>Presents system planning across different time horizons with the objective of minimizing power production costs</li> <li>Explains the principles and architecture of a market environment coupling operational imperatives with financial transactions</li> <li>Addresses  approaches of various participants, including power producers, retailers, and integrated energy companies toward bidding in day ahead markets, managing risks in forward markets, portfolio development and investment analysis</li> <li>Provides numerous examples addressing cost minimization, price forecasting, contract valuation, portfolio risk measurement and others </li> <li>Examines past news events and explains what went wrong at Three Mile Island, the Northeast blackout of 2003, and the California energy crisis</li> </ul> <p>This is an ideal reference for professionals in the public and private power service sectors such as engineers, lawyers, systems specialists, economists, financial analysts, policy analysts, and applied mathematicians.</p>