Power Grid Operation in a Market Environment Economic Efficiency and Risk Mitigation

"This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretical advancements. The book id divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in electricity markets. The second part discusses developing technologies to strengthen the use of the grid in electricity markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC), as well as the reserves needed for power system operation. The fourth part presents ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. [...]" (source : 4ème de couverture).