Power Grid Operation In A Market Environment

Covers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. Besides the state-of-the-art review and discussion on the domain of balancing economic efficiency and operation risk mitigation, this book: Describes a new approach for mass market demand response management, and introduces new criteria to improve system performance with large scale variable generation additions Reviews mathematic models and solution methods of SCUC to help address challenges posed by increased operational uncertainties with high-penetration of renewable resources Presents a planning framework to account for the value of operational flexibility in transmission planning and to provide market mechanism for risk sharing Power Grid Operations in a Market Environment: Economic Efficiency and Risk Mitigation is a timely reference for power engineers and researchers, electricity market traders and analysts, and market designers.

Covers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. Besides the state-of-the-art review and discussion on the domain of balancing economic efficiency and operation risk mitigation, this book: Describes a new approach for mass market demand response management, and introduces new criteria to improve system performance with large scale variable generation additions Reviews mathematic models and solution methods of SCUC to help address challenges posed by increased operational uncertainties with high-penetration of renewable resources Presents a planning framework to account for the value of operational flexibility in transmission planning and to provide market mechanism for risk sharing Power Grid Operations in a Market Environment: Economic Efficiency and Risk Mitigation is a timely reference for power engineers and researchers, electricity market traders and analysts, and market designers.

With the increasing worldwide trend in population migration into urban centers, we are beginning to see the emergence of the kinds of mega-cities which were once the stuff of science fiction. It is clear to most urban planners and developers that accommodating the needs of the tens of millions of inhabitants of those megalopolises in an orderly and uninterrupted manner will require the seamless integration of and real-time monitoring and response services for public utilities and transportation systems. Part speculative look into the future of the world’s urban centers, part technical blueprint, this visionary book helps lay the groundwork for the communication networks and services on which tomorrow’s “smart cities” will run. Written by a uniquely well-qualified author team, this book provides detailed insights into the technical requirements for the wireless sensor and actuator networks required to make smart cities a reality.

Advances in Energy, Environment and Chemical Engineering collects papers resulting from the conference on Energy, Environment and Chemical Engineering (AEECE 2022), Dali, China, 24-26 June, 2022. The primary goal is to promote research and developmental activities in energy technology, environment engineering and chemical engineering. Moreover, it aims to promote scientific information interchange between scholars from the top universities, business associations, research centers and high-tech enterprises working all around the world. The conference conducts in-depth exchanges and discussions on relevant topics such as energy engineering, environment technology and advanced chemical technology, aiming to provide an academic and technical communication platform for scholars and engineers engaged in scientific research and engineering practice in the field of saving technologies, environmental chemistry, clean production and so on. By sharing the research status of scientific research achievements and cutting-edge technologies, it helps scholars and engineers all over the world comprehend the academic development trend and broaden research ideas. So as to strengthen international academic research, academic topics exchange and discussion, and promote the industrialization cooperation of academic achievements.

The comprehensive and authoritative guide to power electronics in renewable energy systems Power electronics plays a significant role in modern industrial automation and high- efficiency energy systems. With contributions from an international group of noted experts, Power Electronics in Renewable Energy Systems and Smart Grid: Technology and Applications offers a comprehensive review of the technology and applications of power electronics in renewable energy systems and smart grids. The authors cover information on a variety of energy systems including wind, solar, ocean, and geothermal energy systems as well as fuel cell systems and bulk energy storage systems. They also examine smart grid elements, modeling, simulation, control, and AI applications. The book's twelve chapters offer an application-oriented and tutorial viewpoint and also contain technology status review. In addition, the book contains illustrative examples of applications and discussions of future perspectives. This important resource: Includes descriptions of power semiconductor devices, two level and multilevel converters, HVDC systems, FACTS, and more Offers discussions on various energy systems such as wind, solar, ocean, and geothermal energy systems, and also fuel cell systems and bulk energy storage systems Explores smart grid elements, modeling, simulation, control, and AI applications Contains state-of-the-art technologies and future perspectives Provides the expertise of international authorities in the field Written for graduate students, professors in power electronics, and industry engineers, Power Electronics in Renewable Energy Systems and Smart Grid: Technology and Applications offers an up-to-date guide to technology and applications of a wide-range of power electronics in energy systems and smart grids.

This book offers a wide-ranging overview of advancements, techniques, and challenges related to the design, control, and operation of microgrids and their role in smart grid infrastructure. It brings together an authoritative group of specialists who approach the subject from a number of different viewpoints in the electric power industry, including electricity distribution companies, aggregators, power market retailers, and power generation companies. Design, Control, and Operation of Microgrids in Smart Grids is an authoritative resource for students, researchers, and professionals working with power and energy systems.

The first book in the field to incorporate fundamentals of energy systems and their applications to smart grid, along with advanced topics in modeling and control This book provides an overview of how multiple sources and loads are connected via power electronic devices. Issues of storage technologies are discussed, and a comparison summary is given to facilitate the design and selection of storage types. The need for real-time measurement and controls are pertinent in future grid, and this book dedicates several chapters to real-time measurements such as PMU, smart meters, communication scheme, and protocol and standards for processing and controls of energy options. Organized into nine sections, Energy Processing for the Smart Grid gives an introduction to the energy processing concepts/topics needed by students in electrical engineering or non-electrical engineering who need to work in areas of future grid development. It covers such modern topics as renewable energy, storage technologies, inverter and converter, power electronics, and metering and control for microgrid systems. In addition, this text: Provides the interface between the classical machines courses with current trends in energy processing and smart grid Details an understanding of three-phase networks, which is needed to determine voltages, currents, and power from source to sink under different load models and network configurations Introduces different energy sources including renewable and non-renewable energy resources with appropriate modeling characteristics and performance measures Covers the conversion and processing of these resources to meet different DC and AC load requirements Provides an overview and a case study of how multiple sources and loads are connected via power electronic devices Benefits most policy makers, students and manufacturing and practicing engineers, given the new trends in energy revolution and the desire to reduce carbon output Energy Processing for the Smart Grid is a helpful text for undergraduates and first year graduate students in a typical engineering program who have already taken network analysis and electromagnetic courses.

The latest edition features a new chapter on implementation and operation of an integrated smart grid with updates to multiple chapters throughout the text. New sections on Internet of things, and how they relate to smart grids and smart cities, have also been added to the book. It describes the impetus for change in the electric utility industry and discusses the business drivers, benefits, and market outlook of the smart grid initiative. The book identifies the technical framework of enabling technologies and smart solutions and describes the role of technology developments and coordinated standards in smart grid, including various initiatives and organizations helping to drive the smart grid effort. With chapters written by leading experts in the field, the text explains how to plan, integrate, implement, and operate a smart grid.