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Decision Making Under Uncertainty in Electricity Markets / by Antonio J. Conejo, Miguel Carrión, Juan M. Morales

By: Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: International Series in Operations Research & Management Science ; 153 | SpringerLink BücherPublisher: Boston, MA : Springer Science+Business Media, LLC, 2010Description: Online-Ressource (XVIII, 542 p, digital)ISBN:
  • 9781441974211
Subject(s): Additional physical formats: 9781441974204 | Buchausg. u.d.T.: Decision making under uncertainty in electricity markets. New York, NY [u.a.] : Springer, 2010. XVII, 539 S.DDC classification:
  • 658.40301
  • 333.79320688 333.793230151922
MSC: MSC: *91-02 | 90B50 | 90C15 | 91B24 | 91G99RVK: RVK: QC 020LOC classification:
  • HD30.23
  • HD9685.A2
DOI: DOI: 10.1007/978-1-4419-7421-1Online resources:
Contents:
Decision Making UnderUncertainty in ElectricityMarkets; Preface; Contents; Chapter 1 Electricity Markets; Chapter 2 Stochastic Programming Fundamentals; Chapter 3 Uncertainty Characterization via Scenarios; Chapter 4 Risk management; Chapter 5 Producer Pool Trading; Chapter 6 Pool Trading for Wind Power Producers; Chapter 7 Futures Market Trading for Producers; Chapter 8 Medium-Term Retailer Trading; Chapter 9 Energy Procurement by Consumers; Chapter 10 Market Clearing Considering Equipment Failures; Chapter 11 Market Clearing under Uncertainty: Wind Energy; Appendix A GAMS codes
Appendix B 24-Node System DataAppendix C Exercise solutions; References; Index; Biographies
Summary: Electricity Markets -- Stochastic Programming Fundamentals -- Uncertainty Characterization via Scenarios -- Risk management -- Producer Pool Trading -- Pool Trading for Wind Power Producers -- Futures Market Trading for Producers -- Medium-Term Retailer Trading -- Energy Procurement by Consumers -- Market Clearing Considering Equipment Failures -- Market Clearing under Uncertainty: Wind EnergySummary: 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 researchPPN: PPN: 1650217021Package identifier: Produktsigel: ZDB-2-SBE
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