{"product_id":"economics-of-power-systems-9783030928735","title":"Economics of Power Systems","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis book describes the latest microeconomic concepts and operations research (OR) techniques needed to comprehend the design and operation of power markets, as well as the actions of their agents: producers, consumers, operators, and regulators. This is critical when it comes to addressing a constantly evolving power system environment that incorporates an increasing number of no-marginal-cost renewable sources, increasingly competitive storage facilities, increasingly responsive demands, and widespread communication channels that allow distributed decision-making. Such evolving environments call for a re-examination of the microeconomic concepts and OR techniques required by graduate students and practitioners in the electric energy field.\u003c\/p\u003e  \u003cp\u003eThis accessible, tutorial-style book features numerous illustrative examples to help readers grasp the economic concepts and OR procedures used by power market professionals. The authors explian these concepts and procedures and present a vision of a renewable-dominated marketplace. Each chapter also includes exercises.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1. Demand.- 2. Supply.- 3. Market Clearing.- 4. Marginal Pricing.- 5. Market Power.- 6. Environmental Externalities.- 7. Investment.","brand":"Springer Nature Switzerland AG","offers":[{"title":"Default Title","offer_id":51043570123095,"sku":"9783030928735","price":59.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783030928735.jpg?v=1750958711","url":"https:\/\/bookcurl.com\/products\/economics-of-power-systems-9783030928735","provider":"Book Curl","version":"1.0","type":"link"}