Operation of Restructured Power Systems

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-a-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-a-vis the deregulated environment.