Decision Making Under Uncertainty in Electricity Markets
Posted by Hamada Rageh on Sunday, January 9, 2011
Antonio J. Conejo, Miguel CarriĆ³n, Juan M. Morales , "Decision Making Under Uncertainty in Electricity Markets"
S--er | 2010 | ISBN: 1441974202 | 539 pages | PDF | 5,3 MB
S--er | 2010 | ISBN: 1441974202 | 539 pages | PDF | 5,3 MB
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.