{"title":"Steven Stoft","description":"\u003cp\u003e\u003cstrong\u003eSteven Stoft\u003c\/strong\u003e offers insightful works in the field of energy economics, with a focus on the complexities of power systems. His writings blend rigorous analysis with practical understanding, making them valuable resources for those studying or working in energy policy and regulation.\u003c\/p\u003e\n\n\u003cp\u003eReaders can expect detailed explorations of market design and economics within the energy sector, presented with clarity and depth. These books serve as essential references for education and professional development in the evolving landscape of power system economics.\u003c\/p\u003e","products":[{"product_id":"power-system-economics-by-steven-stoft-9780471150404","title":"Power System Economics","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eThe first systematic presentation of electricity market design from the basics to the cutting edge. Unique in its breadth and depth. Using examples and focusing on fundamentals, it clarifies long misunderstood issues such as why today's markets are inherently unstable. The book reveals for the first time how uncoordinated regulatory and engineering policies cause boom-bust investment swings and provides guidance and tools for fixing broken markets. It also takes a provocative look at the operation of pools and power exchanges.\u003c\/p\u003e\n\n\u003cp\u003ePart 1 introduces key economic, engineering and market design concepts. Part 2 links short-run reliability policies with long-run investment problems. Part 3 examines classic designs for day-ahead and real-time markets. Part 4 covers market power, and Part 5 covers locational pricing, transmission rights, and pricing losses. The non-technical introductions to all chapters allow easy access to the most difficult topics. Steering an independent course between ideological extremes, \u003cem\u003ePower System Economics\u003c\/em\u003e provides background material for engineers, economists, regulators, and lawyers alike.\u003c\/p\u003e\n\n\u003cp\u003eWith nearly 250 figures, tables, side bars, and concisely-stated results and fallacies, the 44 chapters cover such essential topics as auctions, fixed-cost recovery from marginal cost, pricing fallacies, real and reactive power flows, Cournot competition, installed capacity markets, HHIs, the Lerner index, and price caps.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eAbout the Author:\u003c\/strong\u003e Steven Stoft has a Ph.D. in economics (U.C. Berkeley) as well as a background in physics, math, engineering, and astronomy. He spent a year inside FERC and now consults for PJM, California, and private generators. Learn more at www.stoft.com.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47471394488556,"sku":"9780471150404","price":197.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780471150404-power-system-economics.jpg?v=1775241611"}],"url":"https:\/\/bookhero.co.nz\/collections\/steven-stoft.oembed","provider":"Book Hero","version":"1.0","type":"link"}