Fundamentals of Power System Economics

Power system engineering and market economics come together in a clear account of competitive electricity markets, using the monopoly model as a reference point. The third edition expands the discussion to decarbonization economics, government intervention, market clearing with high renewable penetration, transmission investment, and system operator tools such as SCED and SCUC.

It is aimed at graduate and undergraduate students in electrical and power engineering, as well as engineers, operators, planners, and policymakers working in deregulated environments. The detailed structure, retail market coverage, and end-of-chapter exercises support study of both short-term operations and long-term investment decisions.