Fundamentals of Power System Economics

Fundamentals of Power System Economics examines the economics of power systems and competitive electricity markets, using the monopoly model as a reference point. It also discusses topics such as decarbonization economics, government intervention, market clearing with high renewable penetration, transmission investment, and system operator tools including SCED and SCUC.

The book is intended for graduate and undergraduate students in electrical and power engineering, along with engineers, operators, planners, and policymakers working in deregulated environments. Its structure and end-of-chapter exercises support study of both short-term operations and long-term investment decisions.