Electric Power Planning for Regulated and Deregulated Markets

Desription:

As the industry environment transforms from a completely regulated setting to a broader, deregulated marketplace, new market participants must understand planning and operations of power systems to effectively participate in markets.  This industry overview provides a description of utility operations and traditional planning, and then explains asset management, investment analysis, and risk management within the context of a market environment. Written to provide a broad, working knowledge of the industry, Electric Power Planning for Regulated and Deregulated Markets:

• Includes descriptions of generation and transmission network equipment
• Provides an overview of the regulatory framework, system design and systems operations for ensuring reliable delivery of power
• Presents system planning across different time horizons with the objective of minimizing power production costs
• Explains the principles and architecture of a market environment coupling operational imperatives with financial transactions
• Addresses  approaches of various participants, including power producers, retailers, and integrated energy companies toward bidding in day ahead markets, managing risks in forward markets, portfolio development and investment analysis
• Provides numerous examples addressing cost minimization, price forecasting, contract valuation, portfolio risk measurement and others 
• Examines past news events and explains what went wrong at Three Mile Island, the Northeast blackout of 2003, and the California energy crisis

This is an ideal reference for professionals in the public and private power service sectors such as engineers, lawyers, systems specialists, economists, financial analysts, policy analysts, and applied mathematicians.

Table of contents:

Preface.

Acknowledgments.

Figure Citations.

About the Author.

1. Overview.

1.1 The Power Delivery Chain in a Vertically Integrated Utility.

1.2 The Power Delivery Chain in a Market Environment.

2. Energy, Load, and Generation Technologies.

2.1 Energy, Power, and their Measurements.

2.2 Load.

2.3 Generation Technologies.

3. The Grid.

3.1 Fundamentals: Load, Generation, and Alternating Current.

3.2 Grid Equipment.

3.3 Grid Reliability and Contingency Requirements.

3.4 Grid Confi guration.

3.5 Grid Operations.

3.6 Blackout August 14, 2003.

4. Short-Term Utility Planning.

4.1 Planning and Execution of Dispatch: Day-Ahead Planning Through Real-Time Delivery.

4.2 Day-Ahead Demand Forecasting: Load and Ancillary Service Requirements.

4.3 Least-Cost Dispatch in a Single Control Area: A Simple Model.

4.4 A Solution Using Profi t Maximization.

4.5 Least-Cost Dispatch in a Single Control Area with Operating Constraints.

4.6 Least-Cost Dispatch in a Single Node with Spinning Reserve and Regulation.

4.7 Least-Cost Dispatch in a Network.

4.8 Real Time.

5. Long-Term Utility Planning.

5.1 Project Development.

5.2 The Planning Process.

5.3 Long-Term Load Forecasting.

5.4 A Simplifi ed Look at Generation Capacity Additions.

5.5 Generation Additions and Retirements Within a Single Control Area.

5.6 Generation Additions and Retirements with Transmission to a Single Control Area.

5.7 Generation Additions and Retirements and Transmission Additions Within a Network.

5.8 Reserve Reuqirements.

6. Midterm Utility Planning.

6.1 Informational Requirements.

6.2 Formulation of the Optimization Problem.

7. A Market Environment.

7.1 Principles and Architecture.

7.2 Short-Term Market Design: Day-Ahead Scheduling Through Real-Time Delivery.

7.3 Long-Term Market Design: No Clear Solutions.

7.4 Midterm Market Design.

8. Asset Management in Short-Term Markets.

8.1 Retailers.

8.2 Power Producers.

8.3 Integrated Energy Companies.

9. Investment Analysis: Long-Term Planning in a Market Environment.

9.1 Investment Setting in Utility and Market Environments.

9.2 Project Analysis for a Merchant Plant.

9.3 Power Purchase Agreements (Long-Term Contracts).

10. Risk Management in the Midterm Markets.

10.1 Retailer Risk.

10.2 Power Producer Risk.

10.3 A Quick Risk Primer in Statistics for Risk Management.

10.4 Risk Management in Midterm Markets: Retailers.

10.5 Risk Management in Midterm Markets: Power Producers.

10.6 Risk Management in Midterm Markets: Integrated Electricity Suppliers.

11. The California Experience.

11.1 Market Fundamentals.

11.2 Short-Term Market Structure: The CALPX, CAISO, and Other Market Participants.

11.3 Fatboy, Get Shorty, Ricochet, and Death Star.

11.4 Market Contrast: PJM and California.

Bibliography.

Index.

描述：
隨著行業環境從完全受規管的環境轉變為更廣泛的去規管市場，新的市場參與者必須了解電力系統的規劃和運營，以有效參與市場。本行業概述提供了公用事業運營和傳統規劃的描述，然後在市場環境的背景下解釋了資產管理、投資分析和風險管理。本書旨在提供對該行業的廣泛、實用的知識。

目錄：
前言
致謝
圖表引用
關於作者
1. 概述
1.1 垂直整合公用事業中的電力傳遞鏈
1.2 市場環境中的電力傳遞鏈
2. 能源、負載和發電技術
2.1 能源、功率及其測量
2.2 負載
2.3 發電技術
3. 電網
3.1 基礎知識：負載、發電和交流電
3.2 電網設備
3.3 電網可靠性和應急要求
3.4 電網配置
3.5 電網運營
3.6 2003年東北黑out和加州能源危機的三里島事件

這是一本理想的參考書，適合公共和私營電力服務部門的專業人士，如工程師、律師、系統專家、經濟學家、金融分析師、政策分析師和應用數學家。