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Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management

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Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management - Shahidehpour, Mohammad, and Yamin, Hatim, and Li, Zuyi
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An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ...

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