Fundamentals of Power System Economics Fundamentals of Power System Economics Daniel Kirschen and Goran Strbac 2004 John Wiley & Sons, Ltd ISBN: 0-470-84572-4 Fundamentals of Power System Economics Daniel Kirschen Goran Strbac University of Manchester Institute of Science & Technology (UMIST), UK Copyright 2004 John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex PO19 8SQ, England Telephone (+44) 1243 779777 Email (for orders and customer service enquiries): cs-books@wiley.co.uk Visit our Home Page on www.wileyeurope.com or www.wiley.com All Rights Reserved. No part of this publication may be reproduced, stored ...

 

Fundamentals of Power System Economics Daniel Kirschen Goran Strbac University ofManchester Institute ofScience & Technology (UMIST), UK John Wiley & Sons, Ltd Contents PREFACE xi 1 INTRODUCTION 1 1.1 WhyCompetition? 1 1.2 Dramatis Personae 2 1.3 Models ofCompetition 4 1 .3.1 Model 1: Monopoly 4 1 .3.2 Model 2: Purchasing agency 4 1 .3 .3 Model 3: Wholesale competition 5 1 .3 .4 Model 4: Retail competition 6 1 .3 .5 Competition and privatization 7 1 .4 Open Questions 7 1 .5 Further Reading 8 1 .6 Problems 9 2 BASIC CONCEPTS FROM ...