Fundamentals of Power System Economics
by Daniel S. Kirschen, Goran Strbac
Fundamentals of Power System Economics by Daniel S. Kirschen and Goran Strbac offers a clear introduction to the economic principles underlying power systems. It covers the fundamentals of electricity markets, cost analysis, and optimization strategies essential for efficient energy management and policy development in the sector.
About This Book
Fundamentals of Power System Economics provides a foundational understanding of the economic principles governing power systems. Authored by Daniel S. Kirschen and Goran Strbac, the book addresses key concepts in the operation and planning of electrical networks from an economic perspective.
Readers will learn about the costs associated with power generation and the factors influencing market structures in the energy sector. The text emphasizes practical applications for engineers and economists working in utilities and regulatory environments.
This work serves as an essential resource for those seeking to navigate the complexities of modern power systems, where economic efficiency plays a critical role in decision-making.
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