Decision Making Under Uncertainty in Electricity Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Decision Making Under Uncertainty in Electricity Markets write by Antonio J. Conejo. This book was released on 2010-09-08. Decision Making Under Uncertainty in Electricity Markets available in PDF, EPUB and Kindle. Decision Making Under Uncertainty in Electricity Markets provides models and procedures to be used by electricity market agents to make informed decisions under uncertainty. These procedures rely on well established stochastic programming models, which make them efficient and robust. Particularly, these techniques allow electricity producers to derive offering strategies for the pool and contracting decisions in the futures market. Retailers use these techniques to derive selling prices to clients and energy procurement strategies through the pool, the futures market and bilateral contracting. Using the proposed models, consumers can derive the best energy procurement strategies using the available trading floors. The market operator can use the techniques proposed in this book to clear simultaneously energy and reserve markets promoting efficiency and equity. The techniques described in this book are of interest for professionals working on energy markets, and for graduate students in power engineering, applied mathematics, applied economics, and operations research.
Virtual Power Plants and Electricity Markets
Virtual Power Plants and Electricity Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Virtual Power Plants and Electricity Markets write by Luis Baringo. This book was released on 2020-09-03. Virtual Power Plants and Electricity Markets available in PDF, EPUB and Kindle. This textbook provides a detailed analysis of operation and planning problems faced by virtual power plants participating in different electricity markets. The chapters address in-depth, topics such as: optimization, market power, expansion, and modelling uncertainty in operation and planning problems of virtual power plants. The book provides an up-to-date description of decision-making tools to address challenging questions faced by virtual power plants such as: How can virtual power plants optimize their participation in electricity markets? How can a virtual power plant exercise market power? How can virtual power plants be optimally expanded? How can uncertainty be efficiently modelled in the operation and planning problems of virtual power plants? The book is written in a tutorial style and modular format, and includes many illustrative examples to facilitate comprehension. It is intended for a diverse audience including advanced undergraduate and graduate students in the fields of electric energy systems, operations research, and economics. Practitioners in the energy sector will also benefit from the concepts and techniques presented in this book. In particular, this book: Provides students with the GAMS codes to solve the examples in the book; Provides a basis for the formulation of decision-making problems under uncertainty; Contains a blend of theoretical concepts and practical applications that are developed as working algorithms.
Decision-making Under Uncertainty in Short-term Electricity Markets
Decision-making Under Uncertainty in Short-term Electricity Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Decision-making Under Uncertainty in Short-term Electricity Markets write by Emil Kraft. This book was released on 2022*. Decision-making Under Uncertainty in Short-term Electricity Markets available in PDF, EPUB and Kindle.
Uncertainty in the Electric Power Industry
Uncertainty in the Electric Power Industry - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Uncertainty in the Electric Power Industry write by Christoph Weber. This book was released on 2006-01-06. Uncertainty in the Electric Power Industry available in PDF, EPUB and Kindle. Around the world, liberalization and privatization in the electricity industry have lead to increased competition among utilities. At the same time, utilities are now exposed more than ever to risk and uncertainties, which they cannot pass on to their customers through price increases as in a regulated environment. Especially electricity-generating companies have to face volatile wholesale prices, fuel price uncertainty, limited long-term hedging possibilities and huge, to a large extent, sunk investments. In this context, Uncertainty in the Electric Power Industry: Methods and Models for Decision Support aims at an integrative view on the decision problems that power companies have to tackle. It systematically examines the uncertainties power companies are facing and develops models to describe them - including an innovative approach combining fundamental and finance models for price modeling. The optimization of generation and trading portfolios under uncertainty is discussed with particular focus on CHP and is linked to risk management. Here the concept of integral earnings at risk is developed to provide a theoretically sound combination of value at risk and profit at risk approaches, adapted to real market structures and market liquidity. Also methods for supporting long-term investment decisions are presented: technology assessment based on experience curves and operation simulation for fuel cells and a real options approach with endogenous electricity prices.
Investment in Electricity Generation and Transmission
Investment in Electricity Generation and Transmission - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Investment in Electricity Generation and Transmission write by Antonio J. Conejo. This book was released on 2016-06-10. Investment in Electricity Generation and Transmission available in PDF, EPUB and Kindle. This book provides an in-depth analysis of investment problems pertaining to electric energy infrastructure, including both generation and transmission facilities. The analysis encompasses decision-making tools for expansion planning, reinforcement, and the selection and timing of investment options. In this regard, the book provides an up-to-date description of analytical tools to address challenging investment questions such as: How can we expand and/or reinforce our aging electricity transmission infrastructure? How can we expand the transmission network of a given region to integrate significant amounts of renewable generation? How can we expand generation facilities to achieve a low-carbon electricity production system? How can we expand the generation system while ensuring appropriate levels of flexibility to accommodate both demand-related and production-related uncertainties? How can we choose among alternative production facilities? What is the right time to invest in a given production or transmission facility? Written in a tutorial style and modular format, the book includes a wealth of illustrative examples to facilitate comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, operations research, management science, and economics. Practitioners in the electric energy sector will also benefit from the concepts and techniques presented here.
