Economics of Power Systems

This textbook offers an insightful exploration of the critical factors influencing electricity markets, making it essential for students and professionals alike. Economics of Power Systems provides a comprehensive overview.

In order to effectively transition towards a sustainable future electricity system, a comprehensive understanding of the key technological, economic, environmental, and societal drivers for electricity markets is essential. Economics of Power Systems serves as a valuable resource for advanced undergraduate and graduate students, providing a thorough overview of these critical drivers. The textbook introduces readers to significant economic models and empirical evidence that are crucial for the study of electricity markets and systems.

Readers will explore the intricacies of electricity generation, demand, transport, and storage, alongside the fundamentals of grid and electricity markets in Europe. By integrating state-of-the-art models from operations research and economics, Economics of Power Systems equips students with a solid foundation for analytical insights and numerical modeling. This approach ensures that readers are well-prepared to engage with the complexities of modern electricity systems.

Additionally, the book delves into policy instruments and design choices necessary for regulating electricity markets and fostering sustainable power system development. It addresses the current challenges faced by smart energy systems, providing insights that are relevant to ongoing discussions in the field. Overall, Economics of Power Systems is an essential text for anyone looking to understand the dynamics of electricity markets and the path towards a sustainable energy future.