Preface & L9 ]) S0 ]: E' J7 |) ~0 W % f7 A- T0 n6 g" h7 VPrior to the 1970s, the U.S. electric power industry was technology driven. 1 R% y: m. ], x! y% s1 T) Z7 a
Engineers were trained to focus on specific technologies and work in spe- , j% c! v# u0 H2 h6 Kcialized areas. However, dramatic changes began taking place in the 1970s, . A/ K( R3 b* g9 q- a gand an “energy crisis” ushered in a new era of tighter regulation. % @. ^; K$ ~0 t. t0 A9 S By the early 1990s, two decades of intense regulation were replaced by - H* |1 Y) X7 U- d9 X
a new policy of promoting open access and competition. The Energy Policy , {9 ]2 w3 R* aAct of 1992, followed by several significant Notices of Proposed Rulemakings ; }' F& y4 l5 land Orders from the U.S. Federal Energy Commission, required utilities to / L y: K, [2 I9 ~2 U" ]0 a, d
compete for markets that were previously guaranteed. As a consequence, + |& v3 A4 L% X6 X" I4 mthere were many mergers and acquisitions. Marketers with little or no power ) \& J8 J/ i6 _4 l6 y4 Kindustry experience moved into positions of influence. Engineering organi- 9 n. ~ { O4 x! K! l5 n2 o
zations were downsized, and the engineers who were left behind had to find / V7 P+ Q) L$ z8 ] z* S* N
ways to prevent power systems from becoming less reliable. : A$ I) _5 g9 M2 { d4 a Today the transition in industry structure is nearly complete. The U.S. @0 C2 i2 B5 d# I8 E% \
electric power industry is no longer technology driven. It is public policy 7 w* k0 D3 x. m3 l# Qand market driven. Just as utility companies have to change to survive in ( t9 t# k9 t# w9 A" Y8 _the new competitive environment, engineers who choose to work in the 5 O; V: ?2 A2 B+ ~1 Y. ?* X6 ?
industry must learn a new set of skills and accommodate new disciplines. 0 s$ A, n" H$ M! }3 ?' J
This book is intended to help educate new engineers for the new business 9 E+ S3 P) x. K8 U' t
environment. We explain how new methods for power systems operations ; t n1 I6 ]% b+ O I8 tand energy marketing relate to public policy, regulation, economics, and K8 y' }, o/ i- k/ a4 E
engineering science. This book can serve as a textbook for an undergraduate ; t1 x; E) a, {elective course for engineering students. Alternatively, it can be used for the ( ]9 ?7 ]) ~. m; Rcontinuing education of industrial power engineers and energy industry 8 m& u. {+ ^0 U% \: @; N5 Vemployees. ; B6 o/ q. {6 N# P+ ]/ G0 i0 `2 P, M; {% c! u1 b
(C) 2002 by CRC Press LLC