{"product_id":"9781461373483","title":"Computational Auction Mechanisms for Restructured Power Industry Operation","description":"\u003ch1\u003eComputational Auction Mechanisms for Restructured Power Industry Operation\u003c\/h1\u003e \u003ch2\u003eSheblé, Gerald B.\u003c\/h2\u003e \u003cp\u003e`Electric energy must be treated as a commodity which can be  bought, sold, and traded, taking into account its time- and  space-varying values and costs.` \u003cem\u003eSpot Pricing of Electricity\u003c\/em\u003e,  Schweppe et al, 1988. \u003cbr\u003e  \u003cem\u003eComputational Auction Mechanisms for Restructured Power Industry\u003c\/em\u003e  \u003cem\u003eOperation\u003c\/em\u003e outlines the application of auction methods for all  aspects of power system operation, primarily for a competitive  environment. A complete description of the industry structure as well  as the various markets now being formed is given. A thorough  introduction to auction basics is included to explain how auctions  have grown in other industries. Auction methods are compared to  classical techniques for power system analysis, operations, and  planning. The traditional applications of economic dispatch, optimal  power flow and unit commitment are compared to auction mechanisms.  Algorithms for auctions using linearized power flow equations, DC  power flow equations, and AC power flow equations are included. The  bundling of supportive services, known as ancillary services within  the United States, is discussed. Extensions to the basic auction  algorithms for inclusion of supportive services as well as algorithms  for scheduling and bidding on generation for GENCOs or independent  power producers are presented. Algorithms for scheduling and  contracting with customers are also presented for energy service  companies. An introduction to the various commodity and financial  market products includes the use of futures and options for GENCOs.  The material is useful for students performing research on the new  business environment based on competition. Regulators will find  information on initial methods of designing and evaluating market  systems, and power exchange and financial analysts will find  information on the interdependence of markets and power system-based  techniques for risk management. This information compares the new  business environment solutions with old business environment  solutions. \u003cbr\u003e  \u003cem\u003eComputational Auction Mechanisms for Restructured Power Industry\u003c\/em\u003e  \u003cem\u003eOperation\u003c\/em\u003e provides a first introduction to how electricity will  be traded as a commodity in the future.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2012-10-12\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9781461373483\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4615-5157-7\u003c\/p\u003e \u003cp\u003eDimensions: 235.0cm x155.0cm\u003c\/p\u003e \u003cp\u003ePages: 340.0\u003c\/p\u003e ","brand":"Springer US","offers":[{"title":"Default Title","offer_id":44359160234124,"sku":"9781461373483","price":152.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781461373483.jpg?v=1768311666","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781461373483","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}