Description
Retains the highly praised first edition?s focus and philosophy on the principles of competitive electricity markets and application of basic economics to power system operating and planning
Includes an expanded chapter on power system operation that addresses the challenges stemming from the integration of renewable energy sources
Addresses the need for additional flexibility and its provision by conventional generation, demand response, and energy storage
Discusses the effects of the increased uncertainty on system operation
Broadens its coverage of transmission investment and generation investment
Supports self-study with end-of-chapter problems and instructors with solutions manual via companion website






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