After the first power plant in history was commissioned for commercial operation by Thomas Edison on Pearl Street in New York in 1882, electricity was sold as a consumer product at market prices. After a period of rapid development, electricity had become such a fundamental product that regulation was believed to be necessary. Since then, the power

chapter 1|10 pages


chapter 2|50 pages

Fundamentals of Power System Operation

chapter 3|40 pages

Market Design: Spot Energy Market

chapter 5|46 pages

Market Design: Common Cost Allocations

chapter 6|20 pages

Microeconomic Analysis

chapter 7|22 pages

Price Forecast and Risk Management