The significant penetration rate of wind turbines in power systems made some challenges in the operation of the systems such as large-scale power fluctuations induced by wind farms. Gas-fired plants with fast starting ability and high ramping can better handle natural uncertainties of wind power compared to other traditional plants. Therefore, the integration of electrical and natural gas syste...

This investigation examines the economics of producing electricity from proton-exchange membrane (PEM) fuel cell systems under various conditions, including the possibility of using fuel cell vehicles (FCVs) to produce power when they are parked at office buildings and residences. The analysis shows that the economics of both stationary fuel cell and FCV-based power vary significantly with vari...

While demand for electricity continues to grow, expansion of the traditional electricity supply system, or macrogrid, is constrained and is unlikely to keep pace with the growing thirst western economies have for electricity. Furthermore, no compelling case has been made that perpetual improvement in the overall power quality and reliability (PQR) delivered is technically possible or economical...

This paper proposes a multi-stage power generation system suitable for renewable energy sources, which is composed of a DC-DC power converter and a three-phase inverter. The DC-DC power converter is a boost converter to convert the output voltage of the DC source into two voltage sources. The DC-DC converter has two switches operates like a continuous conduction mode. The input current of DC-DC...

A power law (PL) is the form taken by a large number of surprising empirical regularities in economics and finance. This review surveys well-documented empirical PLs regarding income and wealth, the size of cities and firms, stock market returns, trading volume, international trade, and executive pay. It reviews detailindependent theoretical motivations that make sharp predictions concerning th...

The paper analyzes the economics of CO2 emissions in power systems by introducing concepts of marginal carbon intensity (MCI) of electricity demand and shadow carbon intensities (SCI) of binding transmission constraints. It demonstrates that values of MCIs are time and location dependent and exhibit properties similar to those of locational marginal prices of power. These concepts and their pro...