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Power Systems Restructuring

Engineering and Economics

  • Marija Ilic
  • Francisco Galiana
  • Lester Fink

Table of contents

  1. Front Matter
    Pages i-x
  2. Setting the Stage

    1. Leonard S. Hyman
      Pages 1-11
  3. Theoretical Challenges in Real-Time Operation

    1. Front Matter
      Pages 13-13
    2. Marija Ilić, Francisco Galiana
      Pages 15-107
    3. Francisco D. Galiana, Marija Ilić
      Pages 109-128
  4. Industry Experiences and Challenges

    1. Front Matter
      Pages 129-129
    2. Richard Green
      Pages 131-166
    3. Ralph Masiello
      Pages 167-184
  5. Markets of the Future

    1. Front Matter
      Pages 185-185
    2. Gerald B. Sheblé
      Pages 187-242
    3. Frank C. Graves, E. Grant Read, Philip Q. Hanser, Robert L. Earle
      Pages 243-280
  6. Planning in the New Industry

    1. Front Matter
      Pages 281-281
    2. Raymond Coxe, Marija Ilić
      Pages 283-333
    3. Ziad Younes, Marija Ilic
      Pages 335-384
    4. Stephen R. Connors
      Pages 385-401
  7. Power Systems Control in the New Industry

    1. Front Matter
      Pages 403-403
    2. Lester H. Fink
      Pages 405-449
  8. Back Matter
    Pages 547-559

About this book

Introduction

The writing of this book was largely motivated by the ongoing unprecedented world-wide restructuring of the power industry. This move away from the traditional monopolies and toward greater competition, in the form of increased numbers of independent power producers and an unbundling of the main services that were until now provided by the utilities, has been building up for over a decade. This change was driven by the large disparities in electricity tariffs across regions, by technological developments that make it possible for small producers to compete with large ones, and by a widely held belief that competition will be beneficial in a broad sense. All of this together with the political will to push through the necessary legislative reforms has created a climate conducive to restructuring in the electric power industry. Consequently, since the beginning of this decade dramatic changes have taken place in an ever-increasing list of nations, from the pioneering moves in the United Kingdom, Chile and Scandinavia, to today's highly fluid power industry throughout North and South America, as well as in the European Community. The drive to restructure and take advantage of the potential economic benefits has, in our view, forced the industry to take actions and make choices at a hurried pace, without the usual deliberation and thorough analysis of possible implications. We must admit that to speak of "the industry" at this juncture is perhaps disingenuous, even misleading.

Keywords

Electric Power control network power systems transmission

Authors and affiliations

  • Marija Ilic
    • 1
  • Francisco Galiana
    • 2
  • Lester Fink
    • 3
  1. 1.Massachusetts Institute of TechnologyCambridgeUSA
  2. 2.McGill UniversityMontrealCanada
  3. 3.Kema-ECC, Inc.FairfaxUSA

Bibliographic information