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Power System Operation in Competitive Environment

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Book cover Operation of Restructured Power Systems

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Abstract

In Chapter-1 we discussed the various factors and issues, that initiated the process of deregulation of the electric power industry all over the world. Subsequently in Chapter-2 the basic concepts of economic operation of the system were discussed from a classical perspective, i.e., considering the utility to be operating in a vertically integrated environment. In this classical perspective, the system operator seeks to achieve economic efficiency for the system as a whole. The operating paradigm is based on achieving the system least-cost solution while meeting reliability and security requirements.

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Authors and Affiliations

  1. Chalmers University of Technology, Sweden

    Kankar Bhattacharya, Math H. J. Bollen & Jaap E. Daalder

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  1. Kankar Bhattacharya
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  2. Math H. J. Bollen
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  3. Jaap E. Daalder
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© 2001 Springer Science+Business Media New York

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Bhattacharya, K., Bollen, M.H.J., Daalder, J.E. (2001). Power System Operation in Competitive Environment. In: Operation of Restructured Power Systems. The Kluwer International Series in Engineering and Computer Science. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1465-7_3

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  • DOI: https://doi.org/10.1007/978-1-4615-1465-7_3

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-5567-0

  • Online ISBN: 978-1-4615-1465-7

  • eBook Packages: Springer Book Archive

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