As the industry environment transforms from a completely regulatedsetting to a broader, deregulated marketplace, new marketparticipants must understand planning and operations of powersystems to effectively participate in markets. This industryoverview provides a description of utility operations andtraditional planning, and then explains asset management,investment analysis, and risk management within the context of amarket environment. Written to provide a broad, working knowledgeof the industry, Electric Power Planning for Regulated andDeregulated Markets:
* Includes descriptions of generation and transmission networkequipment
* Provides an overview of the regulatory framework, system designand systems operations for ensuring reliable delivery of power
* Presents system planning across different time horizons withthe objective of minimizing power production costs
* Explains the principles and architecture of a marketenvironment coupling operational imperatives with financialtransactions
* Addresses approaches of various participants, includingpower producers, retailers, and integrated energy companies towardbidding in day ahead markets, managing risks in forward markets,portfolio development and investment analysis
* Provides numerous examples addressing cost minimization, priceforecasting, contract valuation, portfolio risk measurement andothers
* Examines past news events and explains what went wrong at ThreeMile Island, the Northeast blackout of 2003, and the Californiaenergy crisis
This is an ideal reference for professionals in the public andprivate power service sectors such as engineers, lawyers, systemsspecialists, economists, financial analysts, policy analysts, andapplied mathematicians.
Arthur Mazer
Business & Management Electrical & Electronics Engineering Elektrotechnik u. Elektronik Energie Energietechnik Energy Power Technology & Power Engineering Production Operations Management Produktionssteuerung Program & Project Management Programm- u. Projektmanagement Wirtschaft u. Management
"...'an ideal reference for professionals and private servicesectors.' Thus it is for power industry professionals."(CHOICE, September 2007)
"...a comprehensive book by an insider..." (ElectricalApparatus, July 2007)
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