Mohammad Shahidehpour

The first extensive reference on these important techniques The restructuring of the electric utility industry has created the need for a mechanism that can effectively coordinate the various entities in a power market, enabling them to communicate efficiently and perform at an optimal level. Communication and Control in Electric Power Systems, the first resource to address its subject in an extended format, introduces parallel and distributed processing techniques as a compelling solution to this critical problem. Drawing on their years of experience in the industry, Mohammad Shahidehpour and Yaoyu Wang deliver comprehensive coverage of parallel and distributed processing techniques with a focus on power system optimization, control, and communication. The authors begin with theoretical background and an overview of the increasingly deregulated power market, then move quickly into the practical applications and implementations of these pivotal techniques. Chapters include: Integrated Control Center Information Parallel and Distributed Computation of Power Systems Common Information Model and Middleware for Integration Online Distributed Security Assessment and Control Integration, Control, and Operation of Distributed Generation Agent Theory and Power Systems Management e-Commerce of Electricity A ready resource for both students and practitioners, Communication and Control in Electric Power Systems proves an ideal textbook for first-year graduate students in power engineering with an interest in computer communication systems and control center design. Designers, operators, planners, and researchers will likewise appreciate its unique contribution to the professional literature.

An essential overview of post-deregulation market operations in electrical power systems Until recently the U.S. electricity industry was dominated by vertically integrated utilities. It is now evolving into a distributive and competitive market driven by market forces and increased competition. With electricity amounting to a $200 billion per year market in the United States, the implications of this restructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components of restructuring? How is the new structure different from the old monopoly? How are the participants strategizing their options to maximize their revenues? What are the market risks and how are they evaluated? How are interchange transactions analyzed and approved? Starting with a background sketch of the industry, this hands-on reference provides insights into the new trends in power systems operation and control, and highlights advanced issues in the field. Written for both technical and nontechnical professionals involved in power engineering, finance, and marketing, this must-have resource discusses: *Market structure and operation of electric power systems *Load and price forecasting and arbitrage *Price-based unit commitment and security constrained unit commitment *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 professors and students, and other professionals in the industry a comprehensive review of electricity restructuring and how its radical effects will shape the market.

An examination of key issues in electric utilities restructuring. It covers: electric utility markets in and out of the USA; the Open Access Same-time Information System; tagging transactions; trading energy; hedging tools for managing risks in various markets; pricing volatility, risk and forecasting; regional transmission organization; and more. The text contains acronyms, a contract specifications sample, examples, and nearly 500 bibliographic citations, tables, and drawings.