Power System Economics Steven — Stoft Pdf

As Stoft notes, the physics of the grid dictates the constraints, but the economics dictates the flow.

Before Stoft, the prevailing orthodoxy was simple: break up the monopolies, let the market loose, and efficiency will follow. Stoft shattered this illusion. His central thesis is that electricity is economically distinct from every other commodity, and without specific, counter-intuitive market architecture, "deregulation" leads not to efficiency, but to market power and collapse. power system economics steven stoft pdf

The book covers a range of topics, including: As Stoft notes, the physics of the grid