Sawan Sen, Samarjit Sengupta, Abhijit Chakrabarti Electricity Pricing

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Electricity Pricing: Regulated, Deregulated and Smart Grid Systems presents proven methods for supplying uninterrupted, high-quality electrical power at a reasonable price to the consumer. Illustrating the evolution of the power market from a monopoly to an open access system, this essential text:Covers voltage stability analysis of longitudinal power supply systems using an artificial neural network (ANN)Explains how to improve performance using flexible alternating current transmission systems (FACTS) and high-voltage direct current (HVDC)Takes into account operating constraints as well as generation cost, line overload, and congestion for expected and inadvertent loading stressGoes beyond FACTS and HVDC to provide multi-objective optimization algorithms for the deregulated power marketProposes the use of stochastic optimization techniques in the smart grid, preparing the reader for future developmentElectricity Pricing: Regulated, Deregulated and Smart Grid Systems offers practical solutions for improving stability, reliability, and efficiency in real-time systems while optimizing electricity cost.