Understanding Electric Power Systems: An Overview of the Technology, the Marketplace, and Government Regulation (IEEE Press Understanding Science & Technology Series)

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Technological advances and changes in government policy and regulation have altered the electric power industry in recent years and will continue to impact it for quite some time. Fully updated with the latest changes to regulation, structure, and technology, this new edition of Understanding Electric Power Systems offers a real-world view of the industry, explaining how it operates, how it is structured, and how electricity is regulated and priced. It includes extensive references for the reader and will be especially useful to lawyers, government officials, regulators, engineers, and students, as well as the general public. The book explains the physical functioning of electric power systems, the electric power business in today's environment, and the related institutions, including recent changes in the roles of the Federal Energy Regulatory Commission and the North American Reliability Company. Significant changes that are affecting the industry are covered in this new edition, including:

• The expanded role of the federal government in the planning and operation of the nation's electric utilities
• New energy laws and a large number of FERC regulations implementing these laws
• Concerns over global warming and potential impacts on the electric industry
• Pressures for expansion of the electric grid and the implementation of "smart-grid" technologies
• The growing importance of various energy-storage technologies and renewable energy sources
• New nuclear generation technologies
• The 2009 economic stimulus package

Understanding Electric Power Systems: An Overview of the Technology, the Marketplace, and Government Regulation (IEEE Press Understanding Science & Technology Series) Review

The book is written for an American reader who might be a manager for an electric utility company, or for someone who might be involved in trading electricity. There is a slight defensive tone about the latter purpose, given the Enron fraud meltdown.

There is an elementary discussion of the physics involved in power generation and transmission. To give the reader a basic understanding of what actually happens. Including the physical limits of a transmission line on the amount of current that it can bear. As well as the transmission losses incurred when selling energy over long distances.

But much of the book deals at a higher level. Notably, explaining how to comply with government regulations, including the various regulatory bodies, where these might be at the Federal or state level. Not surprising, given the Enron scandal, which is still unfolding, and the heightened government scrutiny over the entire utility industry.

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