There are few more urgent topics in today's world, so full of ecological uncertainty. Hydropower Economics uses various econometric measures to examine sustainable alternative energy sources. It kicks off by modeling hydropower, yes, but it does not end there. Forsund has extended his model to include thermal power and wind power, too - forms of alternative energy that are taking on an ever larger profile.
Water as a Natural Resource.- Hydropower with Constraints.- Multiple Producers.- Mix of Thermal and Hydropower Plants.- Trade.- Transmission.- Market Power.- Uncertainty.- Summary and Conclusions.
From the reviews:
"This book claims that if one is to correctly comprehend deregulation in electricity markets, then one must first develop an appreciation for the optimal use of hydro and thermal power. ... this book would have profited from a thorough review of the extant literature. ... it is important to note that the author deals well with his selected topics. ... I recommend this book to all readers who wish to learn more about the economics of hydroelectric power." (Amitrajeet A. Batabyal, Interfaces, Vol. 39 (1), January-February, 2009)
Introduction.- Water as a natural resource.- Hydropower with reservoir.- Multiple producers.- Mix of thermal- and hydropower plants.- Trade.- Transmission.- Market power.- Uncertainty.- Summary and conclusions.- References.- Index.
With so many world problems related to energy and energy consumption, this timely book examines sustainable alternate energy sources, beginning with modeling hydropower and extending the model to include thermal power and wind power. The book uses various econometric measures, equilibrium metrics, OR methods, and DEA/productivity analyses to analyze and model the optimal use of these alternate energy sources. Because these problems are dynamic in nature, dynamic methods are used to model the problems. The book derives its results on the allocation of the amounts of alternate sources of energy (water, thermal, and wind) required to produce electricity at acceptable levels over time. Graphic illustrations of the analytical and mathematical modeling used to reach research conclusions are used throughout the book.