{"product_id":"power-system-economics","title":"Power System Economics","description":"Condition: BRAND NEW\u003cbr\u003eISBN: 9780471150404\u003cbr\u003eYear: 2002\u003cbr\u003ePublisher: John Wiley \u0026amp; Sons Inc (US)\u003cbr\u003ePages: 496\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eDescription:\u003cbr\u003eThe first systematic presentation of electricity market design-from\u003cbr\u003ethe basics to the cutting edge. Unique in its breadth and depth.\u003cbr\u003eUsing examples and focusing on fundamentals, it clarifies long\u003cbr\u003emisunderstood issues-such as why today's markets are inherently\u003cbr\u003eunstable. The book reveals for the first time how uncoordinated\u003cbr\u003eregulatory and engineering policies cause boom-bust investment\u003cbr\u003eswings and provides guidance and tools for fixing broken markets.\u003cbr\u003eIt also takes a provocative look at the operation of pools and\u003cbr\u003epower exchanges.\u003cbr\u003e* Part 1 introduces key economic, engineering and market design\u003cbr\u003econcepts.\u003cbr\u003e* Part 2 links short-run reliability policies with long-run\u003cbr\u003einvestment problems.\u003cbr\u003e* Part 3 examines classic designs for day-ahead and real-time\u003cbr\u003emarkets.\u003cbr\u003e* Part 4 covers market power, and\u003cbr\u003e* Part 5 covers locational pricing, transmission right and pricing\u003cbr\u003elosses.\u003cbr\u003eThe non-technical introductions to all chapters allow easy access\u003cbr\u003eto the most difficult topics. Steering an independent course\u003cbr\u003ebetween ideological extremes, it provides background material for\u003cbr\u003eengineers, economists, regulators and lawyers alike. With nearly\u003cbr\u003e250 figures, tables, side bars, and concisely-stated results and\u003cbr\u003efallacies, the 44 chapters cover such essential topics as auctions,\u003cbr\u003efixed-cost recovery from marginal cost, pricing fallacies, real and\u003cbr\u003ereactive power flows, Cournot competition, installed capacity\u003cbr\u003emarkets, HHIs, the Lerner index and price caps.\u003cbr\u003e\u003cbr\u003eAbout the Author\u003cbr\u003eSteven Stoft has a Ph.D. in economics (U.C. Berkeley) as well as a\u003cbr\u003ebackground in physics, math, engineering, and astronomy. He spent a\u003cbr\u003eyear inside FERC and","brand":"Smartfox Books","offers":[{"title":"Default","offer_id":41537981513861,"sku":"PR95460","price":256.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0562\/0213\/3637\/files\/image_STJZTMUAZ6EL.jpg?v=1772724970","url":"https:\/\/smartfoxbooks.co.nz\/products\/power-system-economics","provider":"Smartfox Books","version":"1.0","type":"link"}