An electrical system is modelled with a transmission network, customers, central generators, and independent generators. The system is subject to stochastic failures and stochastic demand parameters. Optimal spot prices are derived for the system. They vary stochastically with space and time,...

1 Overview -- 1.1 Goal of Book -- 1.2 Three Steps to an Energy Marketplace -- 1.3 How Will Customers Respond? -- 1.4 Energy Marketplace Operation: A Developed Country -- 1.5 Energy Marketplace Operation: A Developing Country -- 1.6 Discussion of Chapter 1 -- I: The Energy Marketplace -- Preface...