Fundamentals of Power System Economics

by Daniel S. Kirschen, Goran Strbac

Interest in power systems economics is gaining momentum with the recent power supply shortages in America and the rising cost of fossil fuels. The involvement of independent power generators, brokers and distributors has changed the way in which power systems operate. Kirschen and Strbac use a combination of traditional engineering techniques and fundamental economics to address the long-term problems of power system development in a competitive environment. Power system engineers, operators, planners and policy makers working in the deregulated environment will value this practical guide, also of great interest to postgraduate and advanced undergraduate students in electrical and power engineering. For further information and to register for the solutions manual

Genres: Economics, Nonfiction, Finance

296 pages, Hardcover

First published May 28, 2004

Reviews

[Kelsey Breseman · Rating 3 out of 5]

Assuming you are very interested in the economic theory of pricing mechanisms in electrical grid transmission, this is an excellent textbook. Helpful prerequisites would be a basic understanding of power generation logistics (timing etc.) and relative expenses, and ideally a working knowledge of electric transmission current policy. But you'd get by without, too. You don't need a background in economics or engineering; there are introductory chapters for each that do a pretty thorough job of the introductory principles from these fields that you'll use throughout the book.

[negar heshmat · Rating 4 out of 5]

This book is described power systems economics problems and solutions very fluently. All electrical students can understand and use it easily ( it hasn't been publishing only for power system students ).

[René Báez · Rating 4 out of 5]

Good book.