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Demystifying today's issues in power systems, Electricity Markets brings issues in the evolving electricity markets to the forefront in an accessible text for power engineers and students. Equipped with exercises, solved numerical problems, and supplementary content, this comprehensive book on power engineering economics and optimization maintains sufficient background of both economic fundamentals and optimization and includes a variety of solved numerical problems, as well as end-of-chapter exercises. The authors provide computer programs for hands-on development of electricity market operational problems using the General Algebraic Modeling Systems (GAMS) software platform.