Deregulation is a fairly new paradigm in the electric power industry. And just as in the case of other industries where it has been introduced, the goal of deregulation is to enhance competition and bring consumers new choices and economic benefits. The process has, obviously, necessitated reformulation of established models of power system operation and control activities. Similarly, issues such as system reliability, control, security and power quality in this new environment have come in for scrutiny and debate. In this book, we attempt to present a comprehensive overview of the deregulation process that has developed till now, focussing on the operation aspects. As of now, restructured electricity markets have been established in various degrees and forms in many countries. This book comes at a time when the deregulation process is poised to undergo further rapid advancements. It is envisaged that the reader will benefit by way of an enhanced understanding of power system operations in the conventional vertically integrated environment vis-a-vis the deregulated environment. The book is aimed at a wide range of audience- electric utility personnel involved in scheduling, dispatch, grid operations and related activities, personnel involved in energy trading businesses and electricity markets, institutions involved in energy sector financing. Power engineers, energy economists, researchers in utilities and universities should find the treatment of mathematical models as well as emphasis on recent research work helpful.

Klappentext

The book provides an in depth coverage of power system operation in the deregulated electricity market environment. Basic principles of power system operation and economics have been discussed with an emphasis on recent research in the area. Other features include coverage of a wide spectrum of issues such as:

• Role of the ISO in pool type vis-à-vis the bilateral markets;
• Generation scheduling in deregulation
• Transmission pricing;
• Congestion management;
• Ancillary services management;
• Reliability in deregulated power systems;
• Voltage dips and other power quality issues. A highlight of the book is the extensive coverage and country specific information provided on various operational aspects of restructured power systems worldwide. Operation of Restructured Power Systems presents a discussion of restructured electricity markets that have been established in various degrees and forms in many countries. This book comes at a time when the deregulation process is poised to undergo further rapid advancements. It is envisaged that the reader will benefit by way of an enhanced understanding of power system operations in the conventional vertically integrated environment vis-à-vis the deregulated environment.

Inhalt
Chapter-1: Deregulation of the Electricity Supply Industry.- 1. Introduction.- 2. What is Deregulation?.- 3. Background to Deregulation and the Current Situation Around the World.- 4. Benefits from a Competitive Electricity Market.- 5. After-Effects of Deregulation.- 6. Concluding Remarks.- Chapter-2: Power System Economic Operation Overview.- 1. Introduction.- 2. Economic Load Dispatch (ELD).- 3. Optimal Power Flow as a Basic Tool.- 4. Unit Commitment (UC).- 5. Formation of Power Pools.- 6. Concluding Remarks.- Chapter-3: Power System Operation in Competitive Environment.- 1. Introduction.- 2. Role of the Independent System Operator (ISO).- 3. Operational Planning Activities of ISO.- 4. Operational Planning Activities of a Genco.- 5. Concluding Remarks.- Chapter-4: Transmission Open Access and Pricing Issues.- 1. Introduction.- 2. What is Power Wheeling?.- 3. Transmission Open Access.- 4. Cost Components in Transmission.- 5. Pricing of Power Transactions.- 6. Transmission Open Accessand Pricing Mechanisms in Various Countries.- 7. Developments in International Transmission Pricing in Europe.- 8. Security Management in Deregulated Environment.- 9. Congestion Management in Deregulation.- 10. Concluding Remarks.- Chapters-5: Ancillary Services Management.- 1. What Do We Mean by Ancillary Services?.- 2. Ancillary Services Management in Various Countries.- 3. Reactive Power as an Ancillary Service.- 4. Concluding Remarks.- Chapter-6: Reliability and Deregulation.- 1. Terminology.- 2. Reliability Analysis.- 3. The Network Model.- 4. Reliability Costs.- 5. Hierarchical Levels.- 6. Reliability and Deregulation.- 7. Performance Indicators.- 8. Conclusions.- Chapter-7: Power Quality Issues: Voltage Dips And Other Disturbances.- 1. Power Quality.- 2. Voltage Dips.- 3. Other Power Quality Issues.- 4Conclusions.- Inde.