Modern Electricity Systems - Engineering, Operations, Policy to Address Human Environmental Needs

Informationen zum Autor Vivek Bhandari, Ph.D., PE. SMIEEE is a Director at a multinational software company. He is responsible for providing end-to-end global leadership for the software solutions related to Distributed Energy Resource Management. Rao Konidena, MBA founded Rakon Energy LLC, USA, and most recently was the Midcontinent ISO (MISO) as Principal Advisor for Policy Studies, working on energy storage and distributed energy resources. William (Bill) Poppert, MBA is a 30-year veteran of the energy sector based in the US, where he has worked, in the US and internationally, in the operation, design, financing, and development of energy projects programs and businesses. Klappentext Modern Electricity SystemsAwarded "The Best Book for Energy Engineers" by The American Energy Society 2023A welcome textbook instructing on many current aspects of energy generation, transmission, distribution, and consumptionThe importance of a well-informed group of individuals in charge of energy production and use is essential to create a sustainable and greener tomorrow. Technologies and costs are rapidly changing, and environmental goals widely debated in this book. The future of energy is at a crossroads. In addition, energy and technology poverty affects as much as 25% of the world's population. Having the correct set of "tools"--a basic understanding of modern electrical systems--is essential, not just for engineers but for our leaders and decision-makers.With decades of experience in industry and academia behind them, the team of authors in Modern Electricity Systems offers a "toolbox" from which the reader will learn what is essential to make informed decisions. As such, this textbook provides an introduction to the fundamentals of how electricity is generated, financed, regulated, rationed, and stored - with consideration not just of the current status of these issues but a glance at what the next decade may hold. Without this basic level of comprehension, the growing global impact and social issues can be discussed and advocated for, but real change in this sector can only be achieved through understanding the systems.Modern Electricity Systems readers will also find:* Support to create a course on energy transition and energy policy for sustainable development* International modern day case studies, that represent the most current and essential topics, to illustrate key concepts, as well as ones focused on the United States* Sample problem sets that bring together essential ideas learned from each chapter* A textbook written by a team of working professionals with international experience in real-world applications of policy, engineering, and operationsModern Electricity Systems is a helpful reference for graduate and advanced undergraduate students and researchers, policymakers, environmentalists, humanitarians, business leaders, and decision-makers in all three sectors of electricity operations, engineering, and policy matters. Zusammenfassung Modern Electricity SystemsAwarded "The Best Book for Energy Engineers" by The American Energy Society 2023A welcome textbook instructing on many current aspects of energy generation, transmission, distribution, and consumptionThe importance of a well-informed group of individuals in charge of energy production and use is essential to create a sustainable and greener tomorrow. Technologies and costs are rapidly changing, and environmental goals widely debated in this book. The future of energy is at a crossroads. In addition, energy and technology poverty affects as much as 25% of the world's population. Having the correct set of "tools"--a basic understanding of modern electrical systems--is essential, not just for engineers but for our leaders and decision-makers.With decades of experience in industry and academia behind them, the team of authors in Modern Electricity Systems offers a "toolbox" from ...

List of contents

Preface
 
Acknowledgments
 
About the Authors
 
1 Essentials of Power and Control
 
Abstract 2
 
Keywords 2
 
1.1 Introduction 3
 
1.2 Basic Principles of Power and Control 4
 
1.2.1 Energy and Power 5
 
1.2.2 Voltage, Current, and Impedance 8
 
1.2.3 Alternating Current Vs. Direct Current 10
 
1.2.4 Single Phase vs. Multiphase 13
 
1.2.5 Active, Reactive, Apparent Power and Power Factor 15
 
1.3 Control Overview 19
 
1.4 Power Generation and Grid: Operation and Control 21
 
1.5 Generation Dispatch and Balancing the System 23
 
1.6 Transmission and Distribution Network 24
 
1.6.1 Transmission Network 25
 
1.6.2 Distribution System 26
 
1.6.3 One Line or Single Line Diagram 27
 
1.7 Wholesale and Retails Markets 28
 
1.7.1 Wholesale Market 29
 
1.7.2 Retail Market 34
 
1.8 Smart Meters 40
 
1.9 Distributed Generation and Grid Edge 43
 
1.9.1 Microgrids in Kenya and Other Locations 43
 
1.9.2 Microgrids in the United States 44
 
1.9.3 Flexibility Services in Europe 45
 
1.9.4 Virtual Power Plants in Australia 46
 
1.10 Changes in the Grid 46
 
1.11 Visioning 47
 
Index 48
 
2 Basic Discounting and Levelized Costs Concepts
 
Abstract 3
 
Keywords 3
 
2.1 Introduction 3
 
2.2 Fundamentals 6
 
2.2.1 Cashflow and Discount Rate 6
 
2.2.2 Market Failures and Externalities 9
 
2.2.3 Tax and Subsidy 11
 
2.2.3.1 Carbon Tax 12
 
2.2.3.2 Subsidy 14
 
2.2.4 Present Value and Future Value 17
 
2.2.5 Risk and Risk Management 19
 
2.2.5.1 Identification 20
 
2.2.5.2 Assessment 21
 
2.2.5.3 Mitigation 21
 
2.3 Simple Applications 23
 
2.3.1 Simple Payback 24
 
2.3.2 Return on Investment 24
 
2.3.3 Gross Margin 25
 
2.3.4 Net Present Value 26
 
2.3.5 Levelized Costs 26
 
2.3.7 Lifecycle cost 28
 
2.3.8 Supply and Demand 29
 
2.4 Extended Applications 32
 
2.4.1 Wholesale market 32
 
2.4.2 Retail Market 39
 
2.4.3 Local Electricity Market 41
 
2.5 Visioning 42
 
Index 43
 
3 Modern Electrical Engineering Systems, Current Events," Crises," and Tradeoffs
 
Abstract: 2
 
Keywords: 2
 
3.1 Introduction: Tradeoffs, Crises, and Notable Current Events 2
 
3.2 Current Events, Crises, and Tradeoffs 5
 
3.2.1 Extreme weather and Climate events need Resilient and Diverse grid - Texas Power Crisis 2021 6
 
3.2.2 Wholesale Electricity Markets and their manipulations - big banks to wall street darlings 9
 
3.2.3 Systematic Energy Crisis - Nepal's Energy Poverty 12
 
3.2.4 Europe and Natural Gas: Increasing dependence on single resource -. Policies to achieve clean energy targets are not simple. 16
 
3.2.5 Pandemic's Impacts on electrical systems - Energy supply crunch and sudden change in electrical demand. 18
 
3.3 Tradeoffs 19
 
3.3.1 Green Energy Choices vs. Conventional Energy Choices 20
 
3.3.2 Regulation vs. Deregulation 24
 
3.3.3 Reliability vs. Costs 27
 
3.4 Crises and Tradeoffs mapping 29
 
3.5 Visioning 33
 
Index 36
 
4 Introduction to Influence of Wholesale Energy Markets in policy and pricing discussions
 
Abstract 3
 
Keywords 3
 
4.1. Introduction 3
 
4.1.1. True market proponents believe in market-based solutions to enable energy transformation 4
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Report

The authors have leveraged their combined 70 years of experience in the energy sector to develop a book that is unique among treatments of modern electric energy systems. It integrates engineering methods and concepts, financial requirements, business perspectives, policy drivers, and social implications to provide readers with a deep and broad understanding of the electric power industry in the US and around the world. The book begins by addressing basics of power systems engineering and engineering economics and state-of-the-art technical developments together with the influence of current events.
 
It provides an excellent treatment of wholesale energy markets both in the US and abroad, together with fundamentals of regulatory policy, including how policy is shaped by various institutions. A technically sound and very readable description of "how does the power system work" initiates new learners, while a treatment of recent changes, including high renewable growth, offers substantive insights for seasoned experts. Advanced energy market concepts related to ancillary services, reliability, investment, and capacity markets are clearly explained.
 
The book appropriately concludes by defining energy poverty and describing the need for nations worldwide to direct policy formation towards addressing this complex subject. This book is a must-read for all energy sector engineers and policy makers. It is also an exceptionally useful book for university coursework at both the senior undergraduate and graduate levels.
 
James McCalley
 
Distinguished Professor
 
Iowa State University
 
-------------------------------------------------------------
 
It is a unique book that holistically brings together the pressing issues in modern electricity systems. The authors begin with fundaments of electrical engineering, economics, and tradeoffs made in real-life planning and operations. The subsequent chapters explain the role of people and institutions, energy poverty, the actual workings of power systems, wholesale, retail, and local energy markets, their relevance now, and their future direction. I especially liked the diversity of global examples in this book. For example, the book discusses Nepali power cuts and their solution in Chapters 3 and 10, highlights the importance of local innovation "City Safari" in Chapter 10, and provides examples/exercise in investment in renewable hydrogen in Chapters 5 and 7. In all, they introduce technical 'Tools' to address opportunities and issues around modern electrical systems.
 
Their combined international, diverse experience is the secrete sauce for making this book readable and timely. It is a must-read for engineers, policymakers, managers, and other professionals working in the electrical energy sector.
 

Prof Dr. Bhola Thapa
 
Vice Chancellor, Kathmandu University, Nepal

Product details

• Authors: Vivek Bhandari, Vivek Konidena Bhandari, Rao Konidena, William Poppert
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 01.09.2022
• EAN: 9781119793496
• ISBN: 978-1-119-79349-6
• No. of pages: 400
• Subjects: Humanities, art, music > History; Natural sciences, medicine, IT, technology > Technology > Heat, energy and power station engineering; Energiewirtschaft, Energie, ENERGY, Elektrische Energietechnik, Energiewirtschaft u. -politik, Energy Economics & Policy, Electric Power Systems, Energie u. Umweltaspekte, Energy & Environmental Impact