This book contains original, peer-reviewed research papers from the 5th international conference, RDCAPE 2023. This book presents the latest developments in the field of electrical engineering and related areas distinctively and engagingly. The book discusses issues related to new challenges of renewable energy, new control paradigms for efficient automation and decentralized power systems, new economics of open auction-based electricity generation, transmission and distribution markets, etc. Apart from these, many other topics of interest for readers are also covered. The papers presented here share the latest findings on various issues as mentioned above. It makes the book a useful resource for researchers, scientists, industry people, and students alike.