Power System Optimization

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

Keywords: power system optimization, microeconomic point of view, power system planning/operation, electricity markets, application of microeconomics and game theory, centralized optimization, distributed optimization, large-scale system optimization and microeconomic principles, power system planning, power system scheduling, power system reactive power optimization modelling and analysis of electricity market, smart grids, electricity market trading mechanism, applying experimental economics