The Economics of Microgrids

An incisive and practical exploration of the engineering economics of microgrids

In The Economics of Microgrids, a pair of distinguished researchers delivers an expert discussion of the microeconomic perspectives on microgrids in the context of low-carbon, sustainable energy delivery. In the book, readers will explore an engineering economics framework on the investment decisions and capital expenditure analyses required for an assessment of microgrid projects. The authors also examine economic concepts and models for minimizing microgrid operation costs, including the cost of local generation resources and energy purchases from main grids to supply local loads.

The book presents economic models for the expansion of microgrids under load and market price uncertainties, as well as discussions of the economics of resilience in microgrids for optimal operation during outages and power disturbances. Readers will also find:

• A thorough introduction to the engineering and economics of microgrids
• Comprehensive explorations of microgrid planning under uncertainty
• Practical discussions of microgrid expansion planning, operations management, and renewable energy integration
• Fulsome treatments of asset management and resilience economics in microgrids

Perfect for senior undergraduate and graduate students as well as researchers studying power system design, The Economics of Microgrids will also benefit professionals working in the power system industry and government regulators and policymakers with an interest in microgrid technologies and infrastructure.

《微電網的經濟學》是一本深入且實用的工程經濟學探索，探討低碳、可持續能源供應背景下的微電網。在這本書中，兩位傑出的研究者專家討論了微電網的微觀經濟學觀點。讀者將探索一個工程經濟學框架，該框架用於評估微電網項目所需的投資決策和資本支出分析。作者還研究了用於降低微電網運營成本的經濟概念和模型，包括本地發電資源的成本和從主電網購買能源以供應本地負載的成本。

本書提出了在負載和市場價格不確定性下擴展微電網的經濟模型，並討論了微電網的韌性經濟學，以實現在停電和電力干擾期間的最佳運營。讀者還將找到以下內容：
- 微電網工程和經濟學的全面介紹
- 在不確定性下進行微電網規劃的全面探索
- 微電網擴展規劃、運營管理和可再生能源整合的實用討論
- 微電網資產管理和韌性經濟學的詳盡探討

這本書非常適合高年級本科生、研究生以及研究電力系統設計的學者，同時也將受益於從事電力系統行業的專業人士，以及對微電網技術和基礎設施感興趣的政府監管機構和政策制定者。

Amin Khodaei, PhD, is a Professor of Electrical and Computer Engineering at the University of Denver. His research is focused on the climate crisis, the grid of the future, and grid-enabling technologies including artificial intelligence and quantum computing. He has published over 200 peer-reviewed technical articles on various aspects of electric grid modernization.

Ali Arabnya, PhD, (a.k.a. Ali Arab) is a Research Professor of Electrical and Computer Engineering at the University of Denver. Prior, he was a consultant climate economist with the World Bank in Washington, DC. His research is focused on climate resilience, decarbonization, energy systems, and climate finance.

Amin Khodaei博士是丹佛大學電氣與電腦工程學系的教授。他的研究專注於氣候危機、未來電網以及包括人工智慧和量子計算在內的電網技術。他已發表了200多篇經過同行評審的技術文章，涵蓋了電網現代化的各個方面。

Ali Arabnya博士（別名Ali Arab）是丹佛大學電氣與電腦工程學系的研究教授。在此之前，他曾在華盛頓特區的世界銀行擔任顧問氣候經濟學家。他的研究專注於氣候適應能力、脫碳、能源系統和氣候金融。