Power System Operations and Electricity Markets: 1st Edition (Hardback) book cover

Power System Operations and Electricity Markets

1st Edition

By Fred I. Denny, David E. Dismukes

CRC Press

152 pages | 17 B/W Illus.

Purchasing Options:$ = USD
Hardback: 9780849308130
pub: 2002-06-13
SAVE ~$29.00
eBook (VitalSource) : 9781315219196
pub: 2017-12-19
from $72.50

FREE Standard Shipping!


The electric power industry in the U.S. has undergone dramatic changes in recent years. Tight regulations enacted in the 1970's and then de-regulation in the 90's have transformed it from a technology-driven industry into one driven by public policy requirements and the open-access market. Now, just as the utility companies must change to ensure their survival, engineers and other professionals in the industry must acquire new skills, adopt new attitudes, and accommodate other disciplines.

Power System Operations and Electricity Markets provides the information engineers need to understand and meet the challenges of the new competitive environment. Integrating the business and technical aspects of the restructured power industry, it explains, clearly and succinctly, how new methods for power systems operations and energy marketing relate to public policy, regulation, economics, and engineering science. The authors examine the technologies and techniques currently in use and lay the groundwork for the coming era of unbundling, open access, power marketing, self-generation, and regional transmission operations.

The rapid, massive changes in the electric power industry and in the economy have rendered most books on the subject obsolete. Based on the authors' years of front-line experience in the industry and in regulatory organizations, Power System Operations and Electricity Markets is current, insightful, and complete with Web links that will help readers stay up to date.


"…a very good book directed toward undergraduate engineering students… The authors clearly explain market mechanisms and the restructured wholesale power industry…Especially, the authors provide an accurate and thorough discussion of power system operations and technology and how these both impact and enable the new competitive power markets to function. This book will make an excellent adjunct work for undergraduate or first-year graduate courses in power engineering. …it provides clear technical descriptions of power generation and distribution systems operations, and insight into how evolving power systems technology will impact and enable new competitive power markets."


Table of Contents


The Evolution of the Electric Power Industry

Energy Conservation in the Pre-energy Crises Environment

The Energy Crisis and Its Impact on the Electric Power


Restructuring and the Transition to More Competitive Power Markets

The Fundamentals and Terminology of Power Industry


Historic and Future Structure of the Electric Power Industry

The Mechanics of Restructuring Power Markets

The First Major Challenges to the System: The California Restructuring Experience


Background on the Creation of the Competitive California


The Capacity Availability Dilemma

Transactional Limitations for Buyers and Sellers

Failure of Analysis


Power Marketers in a Restructured Power Industry


What is a Power Marketer?

Opening the Door to Power Marketers

Who are Power Marketers?

The Power Markets

Services Offered by Power Marketers


The Role of Distributed Energy Resources in a Restructured Power Industry


A Definition of DER

UDC Disincentives Associated with Developing DER


Interconnection Issues

Rate Design Issues

Wheeling Power at the Distribution Level


Independent Power Generation


The Origins of Competitive Wholesale Markets

Who are Independent Power Developers?

Analyzing the Investment Opportunity

Transmission Issues Associated with IPP Development


Understanding Both Technical and Business Factors

A Brief History

The Current Situation

Industry Standards Relating to Electrical Safety

NERC Reliability Practices and Standards

Laws and Regulations Relating to Competition and Open


The Business Environment and NERC Business Practice Standards

End-of-Chapter Questions

The North American Bulk Electric System

The Evolution of System Operations and Control

The Big Machines

End-of-Chapter Questions

Methods for Economically Operating a Power System

Operating Economics, Control Systems, and Power

Systems Reliability

A Single Generating Unit

Two Generating Units

End-of-Chapter Questions

Power Generation Control

The Definition of Automatic Generation Control

Changing Automatic Generation Control Objectives

Control Performance Criteria

End-of-Chapter Questions

New Reliability and Control Concepts

The Layman's Definition of Reliability

The Academic and Traditional Definitions of Reliability

North American Electric Reliability Council Reliability


Traditional Power System Operations in Control Areas

The New Paradigm: Operating and Service Functions

End-of-Chapter Questions

Available Transfer Capability

A New Methodology for Assessing Transmission Line


Guiding Principles for ATC Calculations

End-of-Chapter Questions

Network Congestion and Transmission Loading Relief

The Network Congestion Problem

The Transmission Loading Relief Approach

Criticisms of the TLR Approach

Network Congestion Data

End-of-Chapter Questions

The Use of Power Flow and Stability Analysis Tools

Operating Security Limit (OSL) Violations

Tools for Determining OSL Violations

End-of-Chapter Questions

Technology Needs for the Electric Power Industry

Opportunities and Threats

Lessons from the Past

An Overview of the Problem


End-of-Chapter Questions


About the Series

Electric Power Engineering Series

Learn more…

Subject Categories

BISAC Subject Codes/Headings: