Power Systems Research and Operation

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Publisher : Springer Nature
ISBN 13 : 303082926X
Total Pages : 180 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Power Systems Research and Operation by : Olexandr Kyrylenko

Download or read book Power Systems Research and Operation written by Olexandr Kyrylenko and published by Springer Nature. This book was released on 2021-09-22 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the problems of power systems in fields related to optimization of operating modes of electric power facilities and their control systems, information and measuring systems and metrological support in the electric power industry, ensuring the functioning of the electric power system in the conditions of a competitive market of the electric power. The book is devoted to modern problems ensuring operational reliability and safety of objects integrated power system of Ukraine. It is complex task, solution of which is related to optimization of operating modes of electric power facilities and their control systems, creating diagnostic systems for the electric power industry, ensuring the functioning of the electric power system in the conditions of a competitive market of the electric power. The presented research results in book allow increasing the reliability and efficiency of operation of energy facilities and ensuring the stability of power systems, the introduction of effective methods and tools for forecasting electricity supply, optimize power systems, suggest road map to integrate electricity markets taking into account network constraints in modern conditions of electricity markets. The book includes eight chapters. A book is for researchers, engineers, as well as lecturers and postgraduates of higher education institutions dealing with problems of operation, control, diagnosis and monitoring of integrated power system, power equipment and other.

Electric Power Systems

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Publisher : John Wiley & Sons
ISBN 13 : 0470036400
Total Pages : 328 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Electric Power Systems by : Alexandra von Meier

Download or read book Electric Power Systems written by Alexandra von Meier and published by John Wiley & Sons. This book was released on 2006-06-30 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: A clear explanation of the technology for producing and delivering electricity Electric Power Systems explains and illustrates how the electric grid works in a clear, straightforward style that makes highly technical material accessible. It begins with a thorough discussion of the underlying physical concepts of electricity, circuits, and complex power that serves as a foundation for more advanced material. Readers are then introduced to the main components of electric power systems, including generators, motors and other appliances, and transmission and distribution equipment such as power lines, transformers, and circuit breakers. The author explains how a whole power system is managed and coordinated, analyzed mathematically, and kept stable and reliable. Recognizing the economic and environmental implications of electric energy production and public concern over disruptions of service, this book exposes the challenges of producing and delivering electricity to help inform public policy decisions. Its discussions of complex concepts such as reactive power balance, load flow, and stability analysis, for example, offer deep insight into the complexity of electric grid operation and demonstrate how and why physics constrains economics and politics. Although this survival guide includes mathematical equations and formulas, it discusses their meaning in plain English and does not assume any prior familiarity with particular notations or technical jargon. Additional features include: * A glossary of symbols, units, abbreviations, and acronyms * Illustrations that help readers visualize processes and better understand complex concepts * Detailed analysis of a case study, including a Web reference to the case, enabling readers to test the consequences of manipulating various parameters With its clear discussion of how electric grids work, Electric Power Systems is appropriate for a broad readership of professionals, undergraduate and graduate students, government agency managers, environmental advocates, and consumers.

Understanding Electric Power Systems

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Publisher : John Wiley & Sons
ISBN 13 : 1118211375
Total Pages : 352 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Understanding Electric Power Systems by : Frank Delea

Download or read book Understanding Electric Power Systems written by Frank Delea and published by John Wiley & Sons. This book was released on 2011-09-20 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: A COMPREHENSIVE LOOK IN LAYMAN'S TERMS AT THE MANY ASPECTS OF THE PROVISION OF ELECTRIC POWER, BY TWO VETERAN EXECUTIVES AND RESPECTED EXPERTS Technological advances and changes in government policy and regulation have altered the electric power industry in recent years and will continue to impact it for quite some time. Fully updated with the latest changes to regulation, structure, and technology, this new edition of Understanding Electric Power Systems offers a real-world view of the industry, explaining how it operates, how it is structured, and how electricity is regulated and priced. It includes extensive references for the reader and will be especially useful to lawyers, government officials, regulators, engineers, and students, as well as the general public. The book explains the physical functioning of electric power systems, the electric power business in today's environment, and the related institutions, including recent changes in the roles of the Federal Energy Regulatory Commission and the North American Reliability Company. Significant changes that are affecting the industry are covered in this new edition, including: The expanded role of the federal government in the planning and operation of the nation's electric utilities New energy laws and a large number of FERC regulations implementing these laws Concerns over global warming and potential impacts on the electric industry Pressures for expansion of the electric grid and the implementation of "smart-grid" technologies The growing importance of various energy-storage technologies and renewable energy sources New nuclear generation technologies The 2009 economic stimulus package

Restructured Electric Power Systems

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Publisher : John Wiley & Sons
ISBN 13 : 1118017072
Total Pages : 292 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Restructured Electric Power Systems by : Xiao-Ping Zhang

Download or read book Restructured Electric Power Systems written by Xiao-Ping Zhang and published by John Wiley & Sons. This book was released on 2010-10-15 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: The latest practical applications of electricity market equilibrium models in analyzing electricity markets Electricity market deregulation is driving the power energy production from a monopolistic structure into a competitive market environment. The development of electricity markets has necessitated the need to analyze market behavior and power. Restructured Electric Power Systems reviews the latest developments in electricity market equilibrium models and discusses the application of such models in the practical analysis and assessment of electricity markets. Drawing upon the extensive involvement in the research and industrial development of the leading experts in the subject area, the book starts by explaining the current developments of electrical power systems towards smart grids and then relates the operation and control technologies to the aspects in electricity markets. It explores: The problems of electricity market behavior and market power Mathematical programs with equilibrium constraints (MPEC) and equilibrium problems with equilibrium constraints (EPEC) Tools and techniques for solving the electricity market equilibrium problems Various electricity market equilibrium models State-of-the-art techniques for computing the electricity market equilibrium problems The application of electricity market equilibrium models in assessing the economic benefits of transmission expansions for market environments, forward and spot markets, short-term power system security, and analysis of reactive power impact Also featured are computational resources to allow readers to develop algorithms on their own, as well as future research directions in modeling and computational techniques in electricity market analysis. Restructured Electric Power Systems is an invaluable reference for electrical engineers and power system economists from power utilities and for professors, postgraduate students, and undergraduate students in electrical power engineering, as well as those responsible for the design, engineering, research, and development of competitive electricity markets and electricity market policy.

Terrorism and the Electric Power Delivery System

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Publisher : National Academies Press
ISBN 13 : 0309114047
Total Pages : 165 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Terrorism and the Electric Power Delivery System by : National Research Council

Download or read book Terrorism and the Electric Power Delivery System written by National Research Council and published by National Academies Press. This book was released on 2012-11-25 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric power delivery system that carries electricity from large central generators to customers could be severely damaged by a small number of well-informed attackers. The system is inherently vulnerable because transmission lines may span hundreds of miles, and many key facilities are unguarded. This vulnerability is exacerbated by the fact that the power grid, most of which was originally designed to meet the needs of individual vertically integrated utilities, is being used to move power between regions to support the needs of competitive markets for power generation. Primarily because of ambiguities introduced as a result of recent restricting the of the industry and cost pressures from consumers and regulators, investment to strengthen and upgrade the grid has lagged, with the result that many parts of the bulk high-voltage system are heavily stressed. Electric systems are not designed to withstand or quickly recover from damage inflicted simultaneously on multiple components. Such an attack could be carried out by knowledgeable attackers with little risk of detection or interdiction. Further well-planned and coordinated attacks by terrorists could leave the electric power system in a large region of the country at least partially disabled for a very long time. Although there are many examples of terrorist and military attacks on power systems elsewhere in the world, at the time of this study international terrorists have shown limited interest in attacking the U.S. power grid. However, that should not be a basis for complacency. Because all parts of the economy, as well as human health and welfare, depend on electricity, the results could be devastating. Terrorism and the Electric Power Delivery System focuses on measures that could make the power delivery system less vulnerable to attacks, restore power faster after an attack, and make critical services less vulnerable while the delivery of conventional electric power has been disrupted.

Applied Mathematics for Restructured Electric Power Systems

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 0387234713
Total Pages : 345 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Applied Mathematics for Restructured Electric Power Systems by : Joe H. Chow

Download or read book Applied Mathematics for Restructured Electric Power Systems written by Joe H. Chow and published by Springer Science & Business Media. This book was released on 2006-06-03 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applied Mathematics for Restructured Electric Power Systems: Optimization, Control, and Computational Intelligence consists of chapters based on work presented at a National Science Foundation workshop organized in November 2003. The theme of the workshop was the use of applied mathematics to solve challenging power system problems. The areas included control, optimization, and computational intelligence. In addition to the introductory chapter, this book includes 12 chapters written by renowned experts in their respected fields. Each chapter follows a three-part format: (1) a description of an important power system problem or problems, (2) the current practice and/or particular research approaches, and (3) future research directions. Collectively, the technical areas discussed are voltage and oscillatory stability, power system security margins, hierarchical and decentralized control, stability monitoring, embedded optimization, neural network control with adaptive critic architecture, control tuning using genetic algorithms, and load forecasting and component prediction. This volume is intended for power systems researchers and professionals charged with solving electric and power system problems.

Power Systems Control and Reliability

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Publisher : CRC Press
ISBN 13 : 1000710823
Total Pages : 167 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis Power Systems Control and Reliability by : Isa S. Qamber

Download or read book Power Systems Control and Reliability written by Isa S. Qamber and published by CRC Press. This book was released on 2020-03-13 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on power systems reliability and generating unit commitments, which are essential in the design and evaluation of the electric power systems for planning, control, and operation, this informative volume covers the concepts of basic reliability engineering, such as power system spinning reserve, types of load curves and their objectives and benefits, the electric power exchange, and the system operation constraints. The author explains how the probability theory plays an important role in reliability applications and discusses the probability applications in electric power systems that led to the development of the mathematical models that are illustrated in the book. The algorithms that are presented throughout the chapters will help researchers and engineers to implement their own suitable programs where needed and will also be valuable for students. The Artificial Neural Networks (ANN) and Fuzzy Logic (FL) systems are discussed and a number of load estimation models are built for some cases, where their formulas are developed. A number of developed models are presented, including the Kronecker techniques, Fourth-Order Runge-Kutta, System Multiplication Method, or Adams Method; and components with different connections and different distributions are presented. A number of examples are explained showing how to build and evaluate power plants.

Electric Power Systems

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Publisher : CRC Press
ISBN 13 : 1439893969
Total Pages : 462 pages
Book Rating : 4.4/5 (398 download)

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Book Synopsis Electric Power Systems by : João P. S. Catalão

Download or read book Electric Power Systems written by João P. S. Catalão and published by CRC Press. This book was released on 2017-12-19 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electric Power Systems: Advanced Forecasting Techniques and Optimal Generation Scheduling helps readers develop their skills in modeling, simulating, and optimizing electric power systems. Carefully balancing theory and practice, it presents novel, cutting-edge developments in forecasting and scheduling. The focus is on understanding and solving pivotal problems in the management of electric power generation systems. Methods for Coping with Uncertainty and Risk in Electric Power Generation Outlining real-world problems, the book begins with an overview of electric power generation systems. Since the ability to cope with uncertainty and risk is crucial for power generating companies, the second part of the book examines the latest methods and models for self-scheduling, load forecasting, short-term electricity price forecasting, and wind power forecasting. Toward Optimal Coordination between Hydro, Thermal, and Wind Power Using case studies, the third part of the book investigates how to achieve the most favorable use of available energy sources. Chapters in this section discuss price-based scheduling for generating companies, optimal scheduling of a hydro producer, hydro-thermal coordination, unit commitment with wind generators, and optimal optimization of multigeneration systems. Written in a pedagogical style that will appeal to graduate students, the book also expands on research results that are useful for engineers and researchers. It presents the latest techniques in increasingly important areas of power system operations and planning.

Optimal Long-Term Operation of Electric Power Systems

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Publisher : Springer Science & Business Media
ISBN 13 : 1468454935
Total Pages : 314 pages
Book Rating : 4.4/5 (684 download)

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Book Synopsis Optimal Long-Term Operation of Electric Power Systems by : G.S. Christensen

Download or read book Optimal Long-Term Operation of Electric Power Systems written by G.S. Christensen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with a very important problem in power system planning for countries in which hydrogeneration accounts for the greatest part of the system power production. During the past thirty years many techniques have been developed to cope with the long-term operation of hydro reser voirs. These techniques have been discussed in a number of publications, but they have not until now been documented in book form. This book is intended as the foundation for a special graduate course dealing with aspects of electrical engineering, operational research, water resource research, and applied mathematics. It may also be used for self study by practicing personnel involved in the planning and operation of hydroelectric power systems for utilities, consulting groups, and government regulatory agencies. The book consists of eight chapters. Chapter 1 reviews the historical developments in the field, discusses briefly all techniques used to solve the problem, and summarizes the modeling of hydroplants for long-term operation studies. At the end of the chapter we present in detail an outline of the book.

Electric Power Systems

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Publisher : John Wiley & Sons
ISBN 13 : 1118624084
Total Pages : 415 pages
Book Rating : 4.1/5 (186 download)

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Book Synopsis Electric Power Systems by : Michel Crappe

Download or read book Electric Power Systems written by Michel Crappe and published by John Wiley & Sons. This book was released on 2013-03-01 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: The creation of a European liberalized electricity internal market and EU commitments for the reduction of greenhouse gas emissions (Kyoto Protocol) and for the use of renewable energy generation technologies induce new important constraints and problems on the electric power systems in Europe. This then creates the need for more research and development to engage with these new challenges in order to preserve the reliability of these systems. This book aims to provide advanced tools, covering major aspects, for people involved with such research and development. Split into two parts (the first covering the operation and control of electric power systems and the second the stability and defence of electric power systems), this book gathers together contributions from numerous well-known European specialists in academia and the electrical industry and will be an illuminating read for those involved in this field or who have some knowledge of the fundamental notions.

Electric Power System Basics for the Nonelectrical Professional

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Publisher : John Wiley & Sons
ISBN 13 : 1119180198
Total Pages : 262 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis Electric Power System Basics for the Nonelectrical Professional by : Steven W. Blume

Download or read book Electric Power System Basics for the Nonelectrical Professional written by Steven W. Blume and published by John Wiley & Sons. This book was released on 2016-12-05 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of Steven W. Blume’s bestseller provides a comprehensive treatment of power technology for the non-electrical engineer working in the electric power industry This book aims to give non-electrical professionals a fundamental understanding of large interconnected electrical power systems, better known as the “Power Grid”, with regard to terminology, electrical concepts, design considerations, construction practices, industry standards, control room operations for both normal and emergency conditions, maintenance, consumption, telecommunications and safety. The text begins with an overview of the terminology and basic electrical concepts commonly used in the industry then it examines the generation, transmission and distribution of power. Other topics discussed include energy management, conservation of electrical energy, consumption characteristics and regulatory aspects to help readers understand modern electric power systems. This second edition features: New sections on renewable energy, regulatory changes, new measures to improve system reliability, and smart technologies used in the power grid system Updated practical examples, photographs, drawing, and illustrations to help the reader gain a better understanding of the material “Optional supplementary reading” sections within most chapters to elaborate on certain concepts by providing additional detail or background Electric Power System Basics for the Nonelectrical Professional, Second Edition, gives business professionals in the industry and entry-level engineers a strong introduction to power technology in non-technical terms. Steve W. Blume is Founder of Applied Professional Training, Inc., APT Global, LLC, APT College, LLC and APT Corporate Training Services, LLC, USA. Steve is a registered professional engineer and certified NERC Reliability Coordinator with a Master's degree in Electrical Engineering specializing in power and a Bachelor's degree specializing in Telecommunications. He has more than 25 years’ experience teaching electric power system basics to non-electrical professionals. Steve's engineering and operations experience includes generation, transmission, distribution, and electrical safety. He is an active senior member in IEEE and has published two books in power systems through IEEE and Wiley.

Electric Power System Planning

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Publisher : Springer Science & Business Media
ISBN 13 : 3642179894
Total Pages : 374 pages
Book Rating : 4.6/5 (421 download)

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Book Synopsis Electric Power System Planning by : Hossein Seifi

Download or read book Electric Power System Planning written by Hossein Seifi and published by Springer Science & Business Media. This book was released on 2011-06-24 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present book addresses various power system planning issues for professionals as well as senior level and postgraduate students. Its emphasis is on long-term issues, although much of the ideas may be used for short and mid-term cases, with some modifications. Back-up materials are provided in twelve appendices of the book. The readers can use the numerous examples presented within the chapters and problems at the end of the chapters, to make sure that the materials are adequately followed up. Based on what Matlab provides as a powerful package for students and professional, some of the examples and the problems are solved in using M-files especially developed and attached for this purpose. This adds a unique feature to the book for in-depth understanding of the materials, sometimes, difficult to apprehend mathematically. Chapter 1 provides an introduction to Power System Planning (PSP) issues and basic principles. As most of PSP problems are modeled as optimization problems, optimization techniques are covered in some details in Chapter 2. Moreover, PSP decision makings are based on both technical and economic considerations, so economic principles are briefly reviewed in Chapter 3. As a basic requirement of PSP studies, the load has to be known. Therefore, load forecasting is presented in Chapter 4. Single bus Generation Expansion Planning (GEP) problem is described in Chapter 5. This study is performed using WASP-IV, developed by International Atomic Energy Agency. The study ignores the grid structure. A Multi-bus GEP problem is discussed in Chapter 6 in which the transmission effects are, somehow, accounted for. The results of single bus GEP is used as an input to this problem. SEP problem is fully presented in Chapter 7. Chapter 8 devotes to Network Expansion Planning (NEP) problem, in which the network is planned. The results of NEP, somehow, fixes the network structure. Some practical considerations and improvements such as multi-voltage cases are discussed in Chapter 9. As NEP study is typically based on some simplifying assumptions and Direct Current Load Flow (DCLF) analysis, detailed Reactive Power Planning (RPP) study is finally presented in Chapter 10, to guarantee acceptable ACLF performance during normal as well as contingency conditions. This, somehow, concludes the basic PSP problem. The changing environments due to power system restructuring dictate some uncertainties on PSP issues. It is shown in Chapter 11 that how these uncertainties can be accounted for. Although is intended to be a text book, PSP is a research oriented topic, too. That is why Chapter 12 is devoted to research trends in PSP. The chapters conclude with a comprehensive example in Chapter 13, showing the step-by-step solution of a practical case.

Computational Methods for Electric Power Systems

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Publisher : CRC Press
ISBN 13 : 149871160X
Total Pages : 334 pages
Book Rating : 4.4/5 (987 download)

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Book Synopsis Computational Methods for Electric Power Systems by : Mariesa L. Crow

Download or read book Computational Methods for Electric Power Systems written by Mariesa L. Crow and published by CRC Press. This book was released on 2015-11-11 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Computational Methods for Electric Power Systems introduces computational methods that form the basis of many analytical studies in power systems. The book provides the background for a number of widely used algorithms that underlie several commercial software packages, linking concepts to power system applications. By understanding the theory behi

Renewable and Efficient Electric Power Systems

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Publisher : John Wiley & Sons
ISBN 13 : 0471668834
Total Pages : 676 pages
Book Rating : 4.4/5 (716 download)

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Book Synopsis Renewable and Efficient Electric Power Systems by : Gilbert M. Masters

Download or read book Renewable and Efficient Electric Power Systems written by Gilbert M. Masters and published by John Wiley & Sons. This book was released on 2005-01-03 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive textbook for the new trend of distributed power generation systems and renewable energy sources in electric power systems. It covers the complete range of topics from fundamental concepts to major technologies as well as advanced topics for power consumers. An Instructor's Manual presenting detailed solutions to all the problems in the book is available from the Wiley editorial department -- to obtain the manual, send an email to [email protected]

Electric Power Systems

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Publisher : John Wiley & Sons
ISBN 13 : 1118074793
Total Pages : 529 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Electric Power Systems by : Ned Mohan

Download or read book Electric Power Systems written by Ned Mohan and published by John Wiley & Sons. This book was released on 2012-01-18 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: Author Ned Mohan has been a leader in EES education and research for decades. His three-book series on Power Electronics focuses on three essential topics in the power sequence based on applications relevant to this age of sustainable energy such as wind turbines and hybrid electric vehicles. The three topics include power electronics, power systems and electric machines. Key features in the first Edition build on Mohan's successful MNPERE texts; his systems approach which puts dry technical detail in the context of applications; and substantial pedagogical support including PPT's, video clips, animations, clicker questions and a lab manual. It follows a top-down systems-level approach to power electronics to highlight interrelationships between these sub-fields. It's intended to cover fundamental and practical design. This book also follows a building-block approach to power electronics that allows an in-depth discussion of several important topics that are usually left. Topics are carefully sequenced to maintain continuity and interest.

Vehicular Electric Power Systems

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Author :
Publisher : CRC Press
ISBN 13 : 9780824747510
Total Pages : 520 pages
Book Rating : 4.7/5 (475 download)

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Book Synopsis Vehicular Electric Power Systems by : Ali Emadi

Download or read book Vehicular Electric Power Systems written by Ali Emadi and published by CRC Press. This book was released on 2003-12-12 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vehicular Electric Power Systems: Land, Sea, Air, and Space Vehicles acquaints professionals with trends and challenges in the development of more electric vehicles (MEVs) using detailed examples and comprehensive discussions of advanced MEV power system architectures, characteristics, and dynamics. The authors focus on real-world applications and highlight issues related to system stability as well as challenges faced during and after implementation. Probes innovations in the development of more electric vehicles for improved maintenance, support, endurance, safety, and cost-efficiency in automotive, aerospace, and marine vehicle engineering Heralding a new wave of advances in power system technology, Vehicular Electric Power Systems discusses: Different automotive power systems including conventional automobiles, more electric cars, heavy-duty vehicles, and electric and hybrid electric vehicles Electric and hybrid electric propulsion systems and control strategies Aerospace power systems including conventional and advanced aircraft, spacecraft, and the international space station Sea and undersea vehicles The modeling, real-time state estimation, and stability assessment of vehicular power systems Applications of fuel cells in various land, sea, air, and space vehicles Modeling techniques for energy storage devices including batteries, fuel cells, photovoltaic cells, and ultracapacitors Advanced power electronic converters and electric motor drives for vehicular applications Guidelines for the proper design of DC and AC distribution architectures

Market Operations in Electric Power Systems

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Publisher : John Wiley & Sons
ISBN 13 : 0471463949
Total Pages : 552 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis Market Operations in Electric Power Systems by : Mohammad Shahidehpour

Download or read book Market Operations in Electric Power Systems written by Mohammad Shahidehpour and published by John Wiley & Sons. This book was released on 2003-05-28 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.