Infrastructure Asset Management with Power System Applications is about infrastructure asset management, which can be expressed as the combination of management, financial, economic, and engineering, applied to physical assets with the objective of providing the required level of service in the most cost-effective manner. It includes management of the whole lifecycle of a physical asset from design, construction, commission, operation, maintenance, modification, decommissioning, and disposal. It covers budget issues and focuses on asset management of an infrastructure for energy—i.e., the electric power system. Features Offers a comprehensive reference book providing definitions, terminology, and basic theories as well as a comprehensive set of examples from a wide range of applications for the electric power system and its components. Spans a wide range of applications for the electric power system area, including real data and pictures. Contains results from recently published research and application studies. Includes a wide range of application examples for the electric power systems area from hydro, nuclear, and wind, plus shows future trends. Contributes to the overall goals of developing a sustainable energy system by providing methods and tools for a resource efficient use of physical assets in the electric power system area.

This CIGRE Green Book describes the state-of-the-art of power Systems asset management dealing with all aspects asset management practice. The major focus of the book is on documenting practical methods that bridge the gap between just satisfying an asset management process and achieving real asset management results in the form of smarter investment decisions. The book facilitates collaboration and blending of the engineering and technical aspects of asset management and the financial considerations needed to support asset investment decisions using risk-based business case analysis. Detailed case studies are included to illustrate generic and specific or customized methods and to demonstrate the application of such methods from the technology perspectives of several CIGRE study committees. This practical guide is suitable for working asset managers and decision-makers (both engineering and financial) dealing with all aspects of the practice of asset management.

Infrastructure Asset Management with Power System Applications is about infrastructure asset management, which can be expressed as the combination of management, financial, economic, and engineering, applied to physical assets with the objective of providing the required level of service in the most cost-effective manner. It includes management of the whole lifecycle of a physical asset from design, construction, commission, operation, maintenance, modification, decommissioning, and disposal. It covers budget issues and focuses on asset management of an infrastructure for energy—i.e., the electric power system. Features Offers a comprehensive reference book providing definitions, terminology, and basic theories as well as a comprehensive set of examples from a wide range of applications for the electric power system and its components. Spans a wide range of applications for the electric power system area, including real data and pictures. Contains results from recently published research and application studies. Includes a wide range of application examples for the electric power systems area from hydro, nuclear, and wind, plus shows future trends. Contributes to the overall goals of developing a sustainable energy system by providing methods and tools for a resource efficient use of physical assets in the electric power system area.

This textbook provides an introduction to probabilistic reliability analysis of power systems. It discusses a range of probabilistic methods used in reliability modelling of power system components, small systems and large systems. It also presents the benefits of probabilistic methods for modelling renewable energy sources. The textbook describes real-life studies, discussing practical examples and providing interesting problems, teaching students the methods in a thorough and hands-on way. The textbook has chapters dedicated to reliability models for components (reliability functions, component life cycle, two-state Markov model, stress-strength model), small systems (reliability networks, Markov models, fault/event tree analysis) and large systems (generation adequacy, state enumeration, Monte-Carlo simulation). Moreover, it contains chapters about probabilistic optimal power flow, the reliability of underground cables and cyber-physical power systems. After reading this book, engineering students will be able to apply various methods to model the reliability of power system components, smaller and larger systems. The textbook will be accessible to power engineering students, as well as students from mathematics, computer science, physics, mechanical engineering, policy & management, and will allow them to apply reliability analysis methods to their own areas of expertise.

This book discusses large-scale solar power systems, including an analysis of critical issues related to their design, construction and financing.

Americans' safety, productivity, comfort, and convenience depend on the reliable supply of electric power. The electric power system is a complex "cyber-physical" system composed of a network of millions of components spread out across the continent. These components are owned, operated, and regulated by thousands of different entities. Power system operators work hard to assure safe and reliable service, but large outages occasionally happen. Given the nature of the system, there is simply no way that outages can be completely avoided, no matter how much time and money is devoted to such an effort. The system's reliability and resilience can be improved but never made perfect. Thus, system owners, operators, and regulators must prioritize their investments based on potential benefits. Enhancing the Resilience of the Nation's Electricity System focuses on identifying, developing, and implementing strategies to increase the power system's resilience in the face of events that can cause large-area, long-duration outages: blackouts that extend over multiple service areas and last several days or longer. Resilience is not just about lessening the likelihood that these outages will occur. It is also about limiting the scope and impact of outages when they do occur, restoring power rapidly afterwards, and learning from these experiences to better deal with events in the future.

Power system operation is one of the important issues in the power industry. The book aims to provide readers with the methods and algorithms to save the total cost in electricity generation and transmission. It begins with traditional power systems and builds into the fundamentals of power system operation, economic dispatch (ED), optimal power flow (OPF), and unit commitment (UC). The book covers electricity pricing mechanisms, such as nodal pricing and zonal pricing, based on Security-Constrained ED (SCED) or SCUC. The operation of energy market and ancillary service market are also explored. "It covers a wide range of interesting topics, which could be very useful for understanding the main phenomena ruling power systems economy (such as Optimal Power Flow analysis and unit Commitments). It addresses topics widely treated in the literature, hence it is important to outline its distinctive features compared to other similar books. The book is well structured and well balanced." —Alfredo Vaccaro, University of Sannio, Italy

Pathways to a Smarter Power System studies different concepts within smart grids that are used in both industry and system regulators (e.g. distribution and transmission system operators) and research. This book covers these concepts from multiple perspectives and in multiple contexts, presenting detailed technical information on renewable energy systems, distributed generation and energy storage units, methods to activate the demand side of power systems, market structure needs, and advanced planning concepts and new operational requirements, specifically for power system protection, technological evolvements, and requirements regarding technology in ICT, power electronics and control areas. This book provides energy researchers and engineers with an indispensable guide on how to apply wider perspectives to the different technological and conceptual requirements of a smarter power system. - Includes concepts regarding conceptual and technological needs and investment planning suggestions for smart grid enabling strategies - Contains new electric power system operational concepts required by industry, along with R&D studies addressing new solutions to potential operational problems - Covers pathways to smarter power systems from successful existing examples to expected short, medium and long-term possibilities

An original look from a microeconomic perspective for power system optimization and its application to electricity markets Presents a new and systematic viewpoint for power system optimization inspired by microeconomics and game theory A timely and important advanced reference with the fast growth of smart grids Professor Chen is a pioneer of applying experimental economics to the electricity market trading mechanism, and this work brings together the latest research A companion website is available Edit

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.