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Author : François Bouffard
Publisher :
ISBN 13 : 9783836477765
Total Pages : 180 pages
Book Rating : 4.4/5 (777 download)
Download or read book Electricity Market-Clearing with Stochastic Security written by François Bouffard and published by . This book was released on 2008-07-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : François Bouffard
Publisher :
ISBN 13 :
Total Pages : 400 pages
Book Rating : 4.:/5 (252 download)
Download or read book Electricity Market-clearing with Stochastic Security written by François Bouffard and published by . This book was released on 2006 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We derive theoretical results pertaining to the prices of energy and security corresponding to the optimal schedules of the market-clearing process. The key result of this analysis establishes that involuntary load shedding is used after a contingency if and only if the expected marginal costs of scheduling reserves and deploying them are greater than the expected marginal costs of load shedding." --
Author : Juan M. Morales
Publisher : Springer Science & Business Media
ISBN 13 : 1461494117
Total Pages : 434 pages
Book Rating : 4.4/5 (614 download)
Download or read book Integrating Renewables in Electricity Markets written by Juan M. Morales and published by Springer Science & Business Media. This book was released on 2013-12-03 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: This addition to the ISOR series addresses the analytics of the operations of electric energy systems with increasing penetration of stochastic renewable production facilities, such as wind- and solar-based generation units. As stochastic renewable production units become ubiquitous throughout electric energy systems, an increasing level of flexible backup provided by non-stochastic units and other system agents is needed if supply security and quality are to be maintained. Within the context above, this book provides up-to-date analytical tools to address challenging operational problems such as: • The modeling and forecasting of stochastic renewable power production. • The characterization of the impact of renewable production on market outcomes. • The clearing of electricity markets with high penetration of stochastic renewable units. • The development of mechanisms to counteract the variability and unpredictability of stochastic renewable units so that supply security is not at risk. • The trading of the electric energy produced by stochastic renewable producers. • The association of a number of electricity production facilities, stochastic and others, to increase their competitive edge in the electricity market. • The development of procedures to enable demand response and to facilitate the integration of stochastic renewable units. This book is written in a modular and tutorial manner and includes many illustrative examples to facilitate its comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, applied mathematics and economics. Practitioners in the electric energy sector will benefit as well from the concepts and techniques explained in this book.
Author : Antonio J. Conejo
Publisher : Springer Science & Business Media
ISBN 13 : 1441974210
Total Pages : 549 pages
Book Rating : 4.4/5 (419 download)
Download or read book Decision Making Under Uncertainty in Electricity Markets written by Antonio J. Conejo and published by Springer Science & Business Media. This book was released on 2010-09-08 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Hong Chen
Publisher : John Wiley & Sons
ISBN 13 : 1118984544
Total Pages : 284 pages
Book Rating : 4.1/5 (189 download)
Download or read book Power Grid Operation in a Market Environment written by Hong Chen and published by John Wiley & Sons. This book was released on 2016-11-14 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. Besides the state-of-the-art review and discussion on the domain of balancing economic efficiency and operation risk mitigation, this book: Describes a new approach for mass market demand response management, and introduces new criteria to improve system performance with large scale variable generation additions Reviews mathematic models and solution methods of SCUC to help address challenges posed by increased operational uncertainties with high-penetration of renewable resources Presents a planning framework to account for the value of operational flexibility in transmission planning and to provide market mechanism for risk sharing Power Grid Operations in a Market Environment: Economic Efficiency and Risk Mitigation is a timely reference for power engineers and researchers, electricity market traders and analysts, and market designers.
Author : Javad Khazaei
Publisher :
ISBN 13 :
Total Pages : 237 pages
Book Rating : 4.:/5 (81 download)
Download or read book Mechanism Design for Electricity Markets Under Uncertainty written by Javad Khazaei and published by . This book was released on 2012 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this thesis, we investigate the effects of the electricity market clearing mechanisms on the cost of integrating intermittent resources such as wind. We present a linear supply function equilibrium model of a conventional two settlement electricity market clearing mechanism. We then provide examples of markets for which large-scale wind integration can increase steady state cost of generation and decrease expected social welfare. These counter-intuitive examples lead us to analyse in depth mechanisms that appear to efficiently cater for uncertainty. Recently an alternative so-called stochastic settlement market has been proposed (see e.g. Pritchard et al. [80] and Bouffard et al. [30]). In such a market, the ISO co-optimizes pre-dispatch and spot in one single settlement market. By considering all possible demand realizations ahead of time, pre and spot dispatch is deemed to be scheduled more efficiently. In this thesis we consider simplified models for both stochastic settlement and conventional two settlement market clearing mechanisms. Our models are targeted towards analyzing imperfectly competitive markets. We demonstrate that the stochastic settlement market clearing mechanism can always outperform the two settlement mechanism for symmetric generators. However, we also present an example of an asymmetric market in which, contrary to intuition, the two settlement mechanism yields higher social and consumer welfare in equilibrium. Even though the stochastic settlement mechanism outperforms the two settlement mechanism most of the time, implementing such a system requires extra costs. Thus, we also present results of an empirical study to estimate the value of the stochastic settlement mechanism for New Zealand electricity market. We extend our analysis to hypothetical wind investments in the future.
Author : Chris Harris
Publisher : John Wiley & Sons
ISBN 13 : 0470011580
Total Pages : 550 pages
Book Rating : 4.4/5 (7 download)
Download or read book Electricity Markets written by Chris Harris and published by John Wiley & Sons. This book was released on 2006-05-18 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understand the electricity market, its policies and how they drive prices, emissions, and security, with this comprehensive cross-disciplinary book. Author Chris Harris includes technical and quantitative arguments so you can confidently construct pricing models based on the various fluctuations that occur. Whether you?re a trader or an analyst, this book will enable you to make informed decisions about this volatile industry.
Author : Umit Cali
Publisher : Springer Nature
ISBN 13 : 3030833011
Total Pages : 255 pages
Book Rating : 4.0/5 (38 download)
Download or read book Digitalization of Power Markets and Systems Using Energy Informatics written by Umit Cali and published by Springer Nature. This book was released on 2021-09-26 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this textbook is to introduce students and professionals to fundamental principles and techniques and emerging technologies in energy informatics and the digitalization of power markets and systems. The book covers such areas as smart grids and artificial intelligence (AI) and distributed ledger technology (DLT), with a focus on information and communication technologies (ICT) deployed to modernize the electric energy infrastructure. It also provides an overview of the smart grid and its main components: smart grid applications at transmission, distribution, and customer level, network requirements with communications technologies, and standards and protocols. In addition, the book addresses emerging technologies and trends in next-generation power systems, i.e., energy informatics, such as digital green shift, energy cyber-physical-social systems (E-CPSS), energy IoT, energy blockchain, and advanced optimization. Future aspects of digitalized power markets and systems will be discussed with real-world energy informatics projects. The book is designed to be a core text in upper-undergraduate and graduate courses such as Introduction to Smart Grids, Digitalization of Power Systems, and Advanced Power System Topics in Energy Informatics.
Author : Ozan Erdinc
Publisher : Butterworth-Heinemann
ISBN 13 : 0081012098
Total Pages : 327 pages
Book Rating : 4.0/5 (81 download)
Download or read book Optimization in Renewable Energy Systems written by Ozan Erdinc and published by Butterworth-Heinemann. This book was released on 2017-02-25 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Optimization in Renewable Energy Systems: Recent Perspectives covers all major areas where optimization techniques have been applied to reduce uncertainty or improve results in renewable energy systems (RES). Production of power with RES is highly variable and unpredictable, leading to the need for optimization-based planning and operation in order to maximize economies while sustaining performance. This self-contained book begins with an introduction to optimization, then covers a wide range of applications in both large and small scale operations, including optimum operation of electric power systems with large penetration of RES, power forecasting, transmission system planning, and DG sizing and siting for distribution and end-user premises. This book is an excellent choice for energy engineers, researchers, system operators, system regulators, and graduate students. Provides chapters written by experts in the field Goes beyond forecasting to apply optimization techniques to a wide variety of renewable energy system issues, from large scale to relatively small scale systems Provides accompanying computer code for related chapters
Author : Sayyad Nojavan
Publisher : Springer Nature
ISBN 13 : 303036979X
Total Pages : 274 pages
Book Rating : 4.0/5 (33 download)
Download or read book Electricity Markets written by Sayyad Nojavan and published by Springer Nature. This book was released on 2020-03-10 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes new electricity pricing models that consider uncertainties in the power market due to the changing behavior of market players and the implementation of renewable distributed generation and responsive loads. In-depth chapters examine the different types of market players including the generation, transmission, and distribution companies, virtual power plants, demand response aggregators, and energy hubs and microgrids. Expert authors propose optimal operational models for short-term performance and scheduling and present readers with solutions for pricing challenges in uncertain environments. This book is useful for engineers, researchers and students involved in integrating demand response programs into smart grids and for electricity market operation and planning. Proposes optimal operation models; Discusses the various players in today's electricity markets; Describes the effects of demand response programs in smart grids.
Author : International Energy Agency
Publisher : OECD Publishing
ISBN 13 :
Total Pages : 224 pages
Book Rating : 4.3/5 (91 download)
Download or read book Learning from the Blackouts written by International Energy Agency and published by OECD Publishing. This book was released on 2005 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity market reform has fundamentally changed the environment for maintaining reliable and secure power supplies. Growing inter-regional trade has placed new demands on transmission systems, creating a more integrated and dynamic network environment with new real-time challenges for reliable and secure transmission system operation. Despite these fundamental changes, system operating rules and practices remain largely unchanged. The major blackouts of 2003 and 2004 raised searching questions about the appropriateness of these arrangements. Management of system security needs to be transformed to maintain reliable electricity services in this more dynamic operating environment. These challenges raise fundamental issues for policymakers. This publication presents case studies drawn from recent large-scale blackouts in Europe, North America, and Australia. It concludes that a comprehensive, integrated policy response is required to avoid preventable large-scale blackouts in the future.--Publisher summary.
Author : Sebastian Schwenen
Publisher :
ISBN 13 : 9788792842275
Total Pages : pages
Book Rating : 4.8/5 (422 download)
Download or read book Security of Supply in Electricity Markets written by Sebastian Schwenen and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The regulatory approach to supply security in electricity markets has been substantially altered since power markets were partly privatized and reregulated in the mid 1990's, when regulators chose to rely on market based prices and decentralized commercially based decisions on generation capacities. Prior to this market restructuring power systems basically worked as planned economies, however, the decentralization of production decisions introduced stochastic elements to electricity systems. Additionally, since the early 2000's, power generating companies, often incentivized by the state, started increasing the share of renewable but intermittent energy sources in their generation portfolios. Due to its intermittency the production process of wind, solar and hydro power is difficult to plan and therefore the final amount of power that enters the market at each point in time becomes difficult to predict. As the level of power supply intermittency increases, so also do the number of challenges that market based approaches face in organizing secure power systems....
Author : Viorel Badescu
Publisher : CRC Press
ISBN 13 : 0429843534
Total Pages : 348 pages
Book Rating : 4.4/5 (298 download)
Download or read book Power Engineering written by Viorel Badescu and published by CRC Press. This book was released on 2018-12-07 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, power engineering has been a subfield of energy engineering and electrical engineering which deals with the generation, transmission, distribution and utilization of electric power and the electrical devices connected to such systems including generators, motors and transformers. Implicitly this perception is associated with the generation of power in large hydraulic, thermal and nuclear plants and distributed consumption. Faced with the climate change phenomena, humanity has had to now contend with changes in attitudes in respect of environment protection and depletion of classical energy resources. These have had consequences in the power production sector, already faced with negative public opinions on nuclear energy and favorable perception of renewable energy resources and about distributed power generation. The objective of this edited book is to review all these changes and to present solutions for future power generation. Future energy systems must factor in the changes and developments in technology like improvements of natural gas combined cycles and clean coal technologies, carbon dioxide capture and storage, advancements in nuclear reactors and hydropower, renewable energy engineering, power-to-gas conversion and fuel cells, energy crops, new energy vectors biomass-hydrogen, thermal energy storage, new storage systems diffusion, modern substations, high voltage engineering equipment and compatibility, HVDC transmission with FACTS, advanced optimization in a liberalized market environment, active grids and smart grids, power system resilience, power quality and cost of supply, plug-in electric vehicles, smart metering, control and communication technologies, new key actors as prosumers, smart cities. The emerging research will enhance the security of energy systems, safety in operation, protection of environment, improve energy efficiency, reliability and sustainability. The book reviews current literature in the advances, innovative options and solutions in power engineering. It has been written for researchers, engineers, technicians and graduate and doctorate students interested in power engineering.
Author : Sean Meyn
Publisher : Springer
ISBN 13 : 1493978225
Total Pages : 518 pages
Book Rating : 4.4/5 (939 download)
Download or read book Energy Markets and Responsive Grids written by Sean Meyn and published by Springer. This book was released on 2018-06-09 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume consists of selected essays by participants of the workshop Control at Large Scales: Energy Markets and Responsive Grids held at the Institute for Mathematics and its Applications, Minneapolis, Minnesota, U.S.A. from May 9-13, 2016. The workshop brought together a diverse group of experts to discuss current and future challenges in energy markets and controls, along with potential solutions. The volume includes chapters on significant challenges in the design of markets and incentives, integration of renewable energy and energy storage, risk management and resilience, and distributed and multi-scale optimization and control. Contributors include leading experts from academia and industry in power systems and markets as well as control science and engineering. This volume will be of use to experts and newcomers interested in all aspects of the challenges facing the creation of a more sustainable electricity infrastructure, in areas such as distributed and stochastic optimization and control, stability theory, economics, policy, and financial mathematics, as well as in all aspects of power system operation.
Author : Anthony Papavasiliou
Publisher : Cambridge University Press
ISBN 13 : 1009416618
Total Pages : 389 pages
Book Rating : 4.0/5 (94 download)
Download or read book Optimization Models in Electricity Markets written by Anthony Papavasiliou and published by Cambridge University Press. This book was released on 2024-05-31 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: Get up-to-speed with the fundamentals of how electricity markets are structured and operated with this comprehensive textbook, presenting coverage of key topics in electricity market design, including power system and power market operations, transmission, unit commitment, demand response, and risk management. It includes over 140 practical examples, inspired by real-industry applications, connecting key theoretical concepts to practical scenarios in electricity market design, and features over 100 coding-based examples and exercises, with selected solutions for readers. It further demonstrates how mathematical programming models are implemented in an industry setting. Requiring no experience in power systems or energy economics, this is the ideal introduction to electricity markets for senior undergraduate and graduate students in electrical engineering, economics, and operations research, and a robust introduction to the field for professionals in utilities, energy policy, and energy regulation. Accompanied online by datasets, AMPL code, supporting videos, and full solutions and lecture slides for instructors.
Author : Frank A. Wolak
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4./5 ( download)
Download or read book Lessons from International Experience with Electricity Market Monitoring written by Frank A. Wolak and published by World Bank Publications. This book was released on 2005 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than 10 years of experience with the electricity industry restructuring process has shown that market failures are more likely and substantially more harmful to consumers than other market failures because of how electricity is produced and delivered and the crucial role it plays in the modern economy. Wholesale market meltdowns of varying magnitudes and durations have occurred in electricity markets around the world, and many of them could have been prevented if a prospective market monitoring process backed by the prevailing regulatory authority had been in place at the start of the market."
Author : Qipeng P. Zheng
Publisher : Springer Science & Business Media
ISBN 13 : 3642274315
Total Pages : 398 pages
Book Rating : 4.6/5 (422 download)
Download or read book Handbook of CO2 in Power Systems written by Qipeng P. Zheng and published by Springer Science & Business Media. This book was released on 2012-06-05 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of CO2in Power Systems' objective is to include the state-of-the-art developments that occurred in power systems taking CO2emission into account. The book includes power systems operation modeling with CO2emissions considerations, CO2market mechanism modeling, CO2regulation policy modeling, carbon price forecasting, and carbon capture modeling. For each of the subjects, at least one article authored by a world specialist on the specific domain is included.
