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Power system operation is one of the important issues in the power industry. The book aims to provide readers with the methods and algorithms to save the total cost in electricity generation and transmission. It begins with traditional power systems and builds into the fundamentals of power system operation, economic dispatch (ED), optimal power flow (OPF), and unit commitment (UC). The mathematical models of ED, OPF and UC are introduced, and their solution algorithms are discussed. The book covers electricity pricing mechanisms, such as nodal pricing and zonal pricing, based on Security-Constrained ED (SCED) or SCUC. The operation of energy market and ancillary service market are also explored. Examples and case studies are included throughout the chapters to further enforce new material.
- Includes chapter homework problems with case studies and examples.
- Provides mathematical models for calculating nodal prices for electricity markets.
- Introduces the models of economic operation, including economic dispatch, optimal power flow, and unit commitment.
