Overview
- Provides an overview of the key economic, technological and environmental drivers for power systems
- Introduces readers to major economic models for the study of electricity markets and systems
- Discusses policy instruments and design choices for electricity market regulation
Part of the book series: Springer Texts in Business and Economics (STBE)
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Table of contents (12 chapters)
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Front Matter
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Back Matter
Keywords
About this book
In order to manage the transition towards a sustainable future electricity system, an in-depth understanding of the key technological, economic, environmental and societal drivers for electricity markets is required. Suitable for advanced undergraduate and graduate students, this textbook provides an overview of these drivers and introduces readers to major economic models and empirical evidence for the study of electricity markets and systems.
Readers will learn about electricity generation, demand, transport, and storage, as well as the fundamentals of grid and electricity markets in Europe. By introducing them to state-of-the-art models from operations research and economics, the book provides a solid basis for analytical insights and numerical modeling. Furthermore, the book discusses the policy instruments and design choices for electricity market regulation and sustainable power system development, as well as the current challenges for smart energy systems.
Authors and Affiliations
About the authors
Christoph Weber is a Full Professor of Management Sciences and Energy Economics at the University of Duisburg-Essen, Germany. With a background in Mechanical Engineering and a Ph.D. in Economics, his main research interests are in electricity markets, risk and sustainable energy systems, and the use of operations research methods in connection with energy.
Dominik Möst is a Full Professor of Energy Economics at the Faculty of Business and Economics, Technische Universität Dresden, Germany. He studied Industrial Engineering and Management at the Universität Karlsruhe (TH) and at the ENSGI-INPG Grenoble (Ecole nationale supérieure de Genie Industriel, France), holds a Ph.D. in Economics from the Universität Karlsruhe (TH) and habilitated at the Karlsruhe Institute of Technology (KIT). His research interests are European electricity and gas markets, the integration of renewable energy sources, and energy system modeling, as well as energy and resource efficiency.
Wolf Fichtner is a Full Professor of Energy Economics at the Karlsruhe Institute of Technology (KIT), Germany. He studied Industrial Engineering and Management at the Universität Karlsruhe (TH), holds a doctoral degree in Economics and habilitated at the Universität Karlsruhe (TH). His main research interests are electricity markets, sustainable energy systems, and operations research in energy systems.
Bibliographic Information
Book Title: Economics of Power Systems
Book Subtitle: Fundamentals for Sustainable Energy
Authors: Christoph Weber, Dominik Möst, Wolf Fichtner
Series Title: Springer Texts in Business and Economics
DOI: https://doi.org/10.1007/978-3-030-97770-2
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-030-97769-6Published: 15 November 2022
Softcover ISBN: 978-3-030-97772-6Published: 15 November 2023
eBook ISBN: 978-3-030-97770-2Published: 14 November 2022
Series ISSN: 2192-4333
Series E-ISSN: 2192-4341
Edition Number: 1
Number of Pages: XXIV, 423
Number of Illustrations: 104 b/w illustrations, 28 illustrations in colour
Topics: Natural Resource and Energy Economics, Energy Policy, Economics and Management, Power Electronics, Electrical Machines and Networks, Operations Research/Decision Theory