As the industry environment transforms from a completely regulated setting to a broader, deregulated marketplace, new market participants must understand planning and operations of power systems to effectively participate in markets. This industry overview provides a description of utility operations and traditional planning, and then explains asset management, investment analysis, and risk management within the context of a market environment. Written to provide a broad, working knowledge of the industry, Electric Power Planning for Regulated and Deregulated Markets:
* Includes descriptions of generation and transmission network equipment
* Provides an overview of the regulatory framework, system design and systems operations for ensuring reliable delivery of power
* Presents system planning across different time horizons with the objective of minimizing power production costs
* Explains the principles and architecture of a market environment coupling operational imperatives with financial transactions
* Addresses approaches of various participants, including power producers, retailers, and integrated energy companies toward bidding in day ahead markets, managing risks in forward markets, portfolio development and investment analysis
* Provides numerous examples addressing cost minimization, price forecasting, contract valuation, portfolio risk measurement and othersÂ
* Examines past news events and explains what went wrong at Three Mile Island, the Northeast blackout of 2003, and the California energy crisis
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