Download or read book Uncertainty in the Electric Power Industry written by Christoph Weber and published by Springer Science & Business Media. This book was released on 2006-01-06 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Around the world, liberalization and privatization in the electricity industry have lead to increased competition among utilities. At the same time, utilities are now exposed more than ever to risk and uncertainties, which they cannot pass on to their customers through price increases as in a regulated environment. Especially electricity-generating companies have to face volatile wholesale prices, fuel price uncertainty, limited long-term hedging possibilities and huge, to a large extent, sunk investments. In this context, Uncertainty in the Electric Power Industry: Methods and Models for Decision Support aims at an integrative view on the decision problems that power companies have to tackle. It systematically examines the uncertainties power companies are facing and develops models to describe them - including an innovative approach combining fundamental and finance models for price modeling. The optimization of generation and trading portfolios under uncertainty is discussed with particular focus on CHP and is linked to risk management. Here the concept of integral earnings at risk is developed to provide a theoretically sound combination of value at risk and profit at risk approaches, adapted to real market structures and market liquidity. Also methods for supporting long-term investment decisions are presented: technology assessment based on experience curves and operation simulation for fuel cells and a real options approach with endogenous electricity prices.

Download or read book Electric Power Industry in Nontechnical Language written by Denise Warkentin-Glenn and published by PennWell Books. This book was released on 1998 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric power industry is undergoing the greatest transformation in its 100-year history. In readable, concise fashion, author Denise Warkentin explains how the electric industry works and what changes are in store. After briefly tracing the history of the industry, she details how different segments are structured and work together. Investor-owned, consumer-owned, and government-owned utilities are explained, as are rural cooperatives and independent power producers. Other issues addressed include deregulation, the emergence of energy marketers, and the impact of ongoing mergers, acquisitions, and consolidations.

Download or read book The Power Brokers written by Jeremiah D. Lambert and published by MIT Press. This book was released on 2015-08-28 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the interplay between government regulation and the private sector has shaped the electric industry, from its nineteenth-century origins to twenty-first-century market restructuring. For more than a century, the interplay between private, investor-owned electric utilities and government regulators has shaped the electric power industry in the United States. Provision of an essential service to largely dependent consumers invited government oversight and ever more sophisticated market intervention. The industry has sought to manage, co-opt, and profit from government regulation. In The Power Brokers, Jeremiah Lambert maps this complex interaction from the late nineteenth century to the present day. Lambert's narrative focuses on seven important industry players: Samuel Insull, the principal industry architect and prime mover; David Lilienthal, chairman of the Tennessee Valley Authority (TVA), who waged a desperate battle for market share; Don Hodel, who presided over the Bonneville Power Administration (BPA) in its failed attempt to launch a multi-plant nuclear power program; Paul Joskow, the MIT economics professor who foresaw a restructured and competitive electric power industry; Enron's Ken Lay, master of political influence and market-rigging; Amory Lovins, a pioneer proponent of sustainable power; and Jim Rogers, head of Duke Energy, a giant coal-fired utility threatened by decarbonization. Lambert tells how Insull built an empire in a regulatory vacuum, and how the government entered the electricity marketplace by making cheap hydropower available through the TVA. He describes the failed overreach of the BPA, the rise of competitive electricity markets, Enron's market manipulation, Lovins's radical vision of a decentralized industry powered by renewables, and Rogers's remarkable effort to influence cap-and-trade legislation. Lambert shows how the power industry has sought to use regulatory change to preserve or secure market dominance and how rogue players have gamed imperfectly restructured electricity markets. Integrating regulation and competition in this industry has proven a difficult experiment.

Download or read book Electric Power Generation Transmission and Distribution written by Leonard L. Grigsby and published by CRC Press. This book was released on 2018-09-03 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: Featuring contributions from worldwide leaders in the field, the carefully crafted Electric Power Generation, Transmission, and Distribution, Third Edition (part of the five-volume set, The Electric Power Engineering Handbook) provides convenient access to detailed information on a diverse array of power engineering topics. Updates to nearly every chapter keep this book at the forefront of developments in modern power systems, reflecting international standards, practices, and technologies. Topics covered include: Electric power generation: nonconventional methods Electric power generation: conventional methods Transmission system Distribution systems Electric power utilization Power quality L.L. Grigsby, a respected and accomplished authority in power engineering, and section editors Saifur Rahman, Rama Ramakumar, George Karady, Bill Kersting, Andrew Hanson, and Mark Halpin present substantially new and revised material, giving readers up-to-date information on core areas. These include advanced energy technologies, distributed utilities, load characterization and modeling, and power quality issues such as power system harmonics, voltage sags, and power quality monitoring. With six new and 16 fully revised chapters, the book supplies a high level of detail and, more importantly, a tutorial style of writing and use of photographs and graphics to help the reader understand the material. New chapters cover: Water Transmission Line Reliability Methods High Voltage Direct Current Transmission System Advanced Technology High-Temperature Conduction Distribution Short-Circuit Protection Linear Electric Motors A volume in the Electric Power Engineering Handbook, Third Edition. Other volumes in the set: K12648 Power Systems, Third Edition (ISBN: 9781439856338) K13917 Power System Stability and Control, Third Edition (ISBN: 9781439883204) K12650 Electric Power Substations Engineering, Third Edition (ISBN: 9781439856383) K12643 Electric Power Transformer Engineering, Third Edition (ISBN: 9781439856291)

Download or read book Electric Power System Basics for the Nonelectrical Professional written by Steven W. Blume and published by John Wiley & Sons. This book was released on 2016-12-05 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of Steven W. Blume’s bestseller provides a comprehensive treatment of power technology for the non-electrical engineer working in the electric power industry This book aims to give non-electrical professionals a fundamental understanding of large interconnected electrical power systems, better known as the “Power Grid”, with regard to terminology, electrical concepts, design considerations, construction practices, industry standards, control room operations for both normal and emergency conditions, maintenance, consumption, telecommunications and safety. The text begins with an overview of the terminology and basic electrical concepts commonly used in the industry then it examines the generation, transmission and distribution of power. Other topics discussed include energy management, conservation of electrical energy, consumption characteristics and regulatory aspects to help readers understand modern electric power systems. This second edition features: New sections on renewable energy, regulatory changes, new measures to improve system reliability, and smart technologies used in the power grid system Updated practical examples, photographs, drawing, and illustrations to help the reader gain a better understanding of the material “Optional supplementary reading” sections within most chapters to elaborate on certain concepts by providing additional detail or background Electric Power System Basics for the Nonelectrical Professional, Second Edition, gives business professionals in the industry and entry-level engineers a strong introduction to power technology in non-technical terms. Steve W. Blume is Founder of Applied Professional Training, Inc., APT Global, LLC, APT College, LLC and APT Corporate Training Services, LLC, USA. Steve is a registered professional engineer and certified NERC Reliability Coordinator with a Master's degree in Electrical Engineering specializing in power and a Bachelor's degree specializing in Telecommunications. He has more than 25 years’ experience teaching electric power system basics to non-electrical professionals. Steve's engineering and operations experience includes generation, transmission, distribution, and electrical safety. He is an active senior member in IEEE and has published two books in power systems through IEEE and Wiley.

Download or read book Understanding Electric Power Systems written by Frank Delea and published by John Wiley & Sons. This book was released on 2011-09-20 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: A COMPREHENSIVE LOOK IN LAYMAN'S TERMS AT THE MANY ASPECTS OF THE PROVISION OF ELECTRIC POWER, BY TWO VETERAN EXECUTIVES AND RESPECTED EXPERTS Technological advances and changes in government policy and regulation have altered the electric power industry in recent years and will continue to impact it for quite some time. Fully updated with the latest changes to regulation, structure, and technology, this new edition of Understanding Electric Power Systems offers a real-world view of the industry, explaining how it operates, how it is structured, and how electricity is regulated and priced. It includes extensive references for the reader and will be especially useful to lawyers, government officials, regulators, engineers, and students, as well as the general public. The book explains the physical functioning of electric power systems, the electric power business in today's environment, and the related institutions, including recent changes in the roles of the Federal Energy Regulatory Commission and the North American Reliability Company. Significant changes that are affecting the industry are covered in this new edition, including: The expanded role of the federal government in the planning and operation of the nation's electric utilities New energy laws and a large number of FERC regulations implementing these laws Concerns over global warming and potential impacts on the electric industry Pressures for expansion of the electric grid and the implementation of "smart-grid" technologies The growing importance of various energy-storage technologies and renewable energy sources New nuclear generation technologies The 2009 economic stimulus package

Download or read book Economics of Electricity written by Anna Cretì and published by Cambridge University Press. This book was released on 2019-05-30 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.

Download or read book Power Generation Technologies written by Paul Breeze and published by Elsevier. This book was released on 2005-02-04 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book makes intelligible the wide range of electricity generating technologies available today, as well as some closely allied technologies such as energy storage. The book opens by setting the many power generation technologies in the context of global energy consumption, the development of the electricity generation industry and the economics involved in this sector. A series of chapters are each devoted to assessing the environmental and economic impact of a single technology, including conventional technologies, nuclear and renewable (such as solar, wind and hydropower). The technologies are presented in an easily digestible form.Different power generation technologies have different greenhouse gas emissions and the link between greenhouse gases and global warming is a highly topical environmental and political issue. With developed nations worldwide looking to reduce their emissions of carbon dioxide, it is becoming increasingly important to explore the effectiveness of a mix of energy generation technologies.Power Generation Technologies gives a clear, unbiased review and comparison of the different types of power generation technologies available. In the light of the Kyoto protocol and OSPAR updates, Power Generation Technologies will provide an invaluable reference text for power generation planners, facility managers, consultants, policy makers and economists, as well as students and lecturers of related Engineering courses.· Provides a unique comparison of a wide range of power generation technologies - conventional, nuclear and renewable· Describes the workings and environmental impact of each technology· Evaluates the economic viability of each different power generation system

Download or read book Terrorism and the Electric Power Delivery System written by National Research Council and published by National Academies Press. This book was released on 2012-11-25 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric power delivery system that carries electricity from large central generators to customers could be severely damaged by a small number of well-informed attackers. The system is inherently vulnerable because transmission lines may span hundreds of miles, and many key facilities are unguarded. This vulnerability is exacerbated by the fact that the power grid, most of which was originally designed to meet the needs of individual vertically integrated utilities, is being used to move power between regions to support the needs of competitive markets for power generation. Primarily because of ambiguities introduced as a result of recent restricting the of the industry and cost pressures from consumers and regulators, investment to strengthen and upgrade the grid has lagged, with the result that many parts of the bulk high-voltage system are heavily stressed. Electric systems are not designed to withstand or quickly recover from damage inflicted simultaneously on multiple components. Such an attack could be carried out by knowledgeable attackers with little risk of detection or interdiction. Further well-planned and coordinated attacks by terrorists could leave the electric power system in a large region of the country at least partially disabled for a very long time. Although there are many examples of terrorist and military attacks on power systems elsewhere in the world, at the time of this study international terrorists have shown limited interest in attacking the U.S. power grid. However, that should not be a basis for complacency. Because all parts of the economy, as well as human health and welfare, depend on electricity, the results could be devastating. Terrorism and the Electric Power Delivery System focuses on measures that could make the power delivery system less vulnerable to attacks, restore power faster after an attack, and make critical services less vulnerable while the delivery of conventional electric power has been disrupted.

Download or read book Market Operations in Electric Power Systems written by Mohammad Shahidehpour and published by John Wiley & Sons. This book was released on 2003-05-28 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.

Download or read book The Power of Change written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2016-09-30 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, supplied reliably and affordably, is foundational to the U.S. economy and is utterly indispensable to modern society. However, emissions resulting from many forms of electricity generation create environmental risks that could have significant negative economic, security, and human health consequences. Large-scale installation of cleaner power generation has been generally hampered because greener technologies are more expensive than the technologies that currently produce most of our power. Rather than trade affordability and reliability for low emissions, is there a way to balance all three? The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies considers how to speed up innovations that would dramatically improve the performance and lower the cost of currently available technologies while also developing new advanced cleaner energy technologies. According to this report, there is an opportunity for the United States to continue to lead in the pursuit of increasingly clean, more efficient electricity through innovation in advanced technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies makes the case that America's advantagesâ€"world-class universities and national laboratories, a vibrant private sector, and innovative states, cities, and regions that are free to experiment with a variety of public policy approachesâ€"position the United States to create and lead a new clean energy revolution. This study focuses on five paths to accelerate the market adoption of increasing clean energy and efficiency technologies: (1) expanding the portfolio of cleaner energy technology options; (2) leveraging the advantages of energy efficiency; (3) facilitating the development of increasing clean technologies, including renewables, nuclear, and cleaner fossil; (4) improving the existing technologies, systems, and infrastructure; and (5) leveling the playing field for cleaner energy technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies is a call for leadership to transform the United States energy sector in order to both mitigate the risks of greenhouse gas and other pollutants and to spur future economic growth. This study's focus on science, technology, and economic policy makes it a valuable resource to guide support that produces innovation to meet energy challenges now and for the future.

Download or read book Power System Operations and Electricity Markets written by Fred I. Denny and published by CRC Press. This book was released on 2017-12-19 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Electric Power Annual written by and published by . This book was released on 1990 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication provides industry data on electric power, including generating capability, generation, fuel consumption, cost of fuels, and retail sales and revenue.

Download or read book Introduction to Electrical Power and Power Electronics written by Mukund R. Patel and published by CRC Press. This book was released on 2012-12-10 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most traditional power systems textbooks focus on high-voltage transmission. However, the majority of power engineers work in urban factories, buildings, or industries where power comes from utility companies or is self-generated. Introduction to Electrical Power and Power Electronics is the first book of its kind to cover the entire scope of electrical power and power electronics systems in one volume—with a focus on topics that are directly relevant in power engineers’ daily work. Learn How Electrical Power Is Generated, Distributed, and Utilized Composed of 17 chapters, the book is organized into two parts. The first part introduces aspects of electrical power that most power engineers are involved in during their careers, including the distribution of power to load equipment such as motors via step-down transformers, cables, circuit breakers, relays, and fuses. For engineers working with standalone power plants, it also tackles generators. The book discusses how to design and operate systems for economic use of power and covers the use of batteries in greater depth than typically found in traditional power system texts. Understand How Power Electronics Work in Modern Systems The second part delves into power electronics switches, as well as the DC–DC converters, AC–DC–AC converters, and frequency converters used in variable-frequency motor drives. It also discusses quality-of-power issues in modern power systems with many large power electronics loads. A chapter on power converter cooling presents important interdisciplinary design topics. Draw on the Author’s Extensive Industry and Teaching Experience This timely book draws on the author’s 30 years of work experience at General Electric, Lockheed Martin, and Westinghouse Electric and 15 years of teaching electrical power at the U.S. Merchant Marine Academy. Designed for a one-semester or two-quarter course in electrical power and power electronics, it is also ideal for a refresher course or as a one-stop reference for industry professionals.

Download or read book Renewable and Efficient Electric Power Systems written by Gilbert M. Masters and published by John Wiley & Sons. This book was released on 2005-01-03 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive textbook for the new trend of distributed power generation systems and renewable energy sources in electric power systems. It covers the complete range of topics from fundamental concepts to major technologies as well as advanced topics for power consumers. An Instructor's Manual presenting detailed solutions to all the problems in the book is available from the Wiley editorial department -- to obtain the manual, send an email to [email protected]

Download or read book Electric Power Generation written by Dave Barnett and published by PennWell Books. This book was released on 2000 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike more technical texts stuffed with formulae and theories, this book explains in plain English how power is created and replaces formulae with everyday examples and easy-to-understand illustrations. It opens with an explanation of how electricity is generated, then covers the planning and development of electric power stations, emphasizing modern considerations of merchant power plants, repowering, and the growth of gas turbine generation. The "facts" of generation are covered in part two--boilers, turbines, generators, hydro and pumped storage, and "alternative" generations sources, suchs geothermal, tidal, solar, and wind. Maintenance and operations are covered in basic overview format. Finally, environmental considerations--again, an increasing concern in light of deregulation and environmental law--are reviewed. In addition, the authors cover specific features and fuel-types in nontechnical terms. Industry newcomers will appreciate this clear explanation of how power is created.

Download or read book Power Quality in Future Electrical Power Systems written by Ahmed F. Zobaa and published by Institution of Engineering and Technology. This book was released on 2017-03-24 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: Power quality is necessary for electrical systems to operate in their intended manner without any deterioration of performance. This book highlights the new emerging challenges of power quality due to the penetration of large-scale renewable energy generation technologies, the advances in nonlinear loads, the increased electricity demands in the deregulated market, and the recent requirements of smart grids that need better hierarchical design with enhanced quality, improved controllability, higher reliability, and security. Novel research that links the past, present and future of electrical power grids from a power quality perspective is also introduced. Topics include power quality definitions; frequency-domain power theory and metering of harmonic pollution responsibility; active and passive harmonic filters; shunt flexible AC transmission; power quality improvement using series FACTS; distributed generation systems; islanding scenario generation algorithm; decentralised voltage control in smart grids; techno-economic issues of power quality; economic robust programming for energy management systems; and future trends in power quality.