New Textbook "Economics of Power Systems - Fundamentals for Sustainable Energy"

The joint textbook "Economics of Power Systems - Fundamentals for Sustainable Energy" by Christoph Weber (University of Duisburg-Essen), Wolf Fichtner (KIT) and Dominik Möst (TU Dresden) has been published as part of the "Springer Texts in Business and Economics" series. In the textbook, the three authors have structured their experiences and knowledge from the courses for bachelor's and master's students as well as doctoral candidates in the energy industry.

The textbook is available online at the following link: https://link.springer.com/book/10.1007/978-3-030-97770-2 and can also be ordered as a printed copy.

The authors look forward to interested readers and feedback.

About the book

In order to manage the transition towards a sustainable future electricity system, an in-depth understanding of the key technological, economic, environmental and societal drivers for electricity markets is required. Suitable for advanced undergraduate and graduate students, this textbook provides an overview of these drivers and introduces readers to major economic models and empirical evidence for the study of electricity markets and systems.

Readers will learn about electricity generation, demand, transport, and storage, as well as the fundamentals of grid and electricity markets in Europe. By introducing them to state-of-the-art models from operations research and economics, the book provides a solid basis for analytical insights and numerical modeling. Furthermore, the book discusses the policy instruments and design choices for electricity market regulation and sustainable power system development, as well as the current challenges for smart energy systems.