Impact Of Wind Forecast Errors With Optimal And Suboptimal Generation Redispatch Policies

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Integration of Variable Energy Resources (Us Federal Energy Regulatory Commission Regulation) (Ferc) (2018 Edition)

Author : The Law The Law Library
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781727794922
Total Pages : 130 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Integration of Variable Energy Resources (Us Federal Energy Regulatory Commission Regulation) (Ferc) (2018 Edition) by : The Law The Law Library

Download or read book Integration of Variable Energy Resources (Us Federal Energy Regulatory Commission Regulation) (Ferc) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-10-08 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integration of Variable Energy Resources (US Federal Energy Regulatory Commission Regulation) (FERC) (2018 Edition) The Law Library presents the complete text of the Integration of Variable Energy Resources (US Federal Energy Regulatory Commission Regulation) (FERC) (2018 Edition). Updated as of May 29, 2018 The Federal Energy Regulatory Commission is amending the pro forma Open Access Transmission Tariff to remove unduly discriminatory practices and to ensure just and reasonable rates for Commission-jurisdictional services. Specifically, this Final Rule removes barriers to the integration of variable energy resources by requiring each public utility transmission provider to: offer intra-hourly transmission scheduling; and, incorporate provisions into the pro forma Large Generator Interconnection Agreement requiring interconnection customers whose generating facilities are variable energy resources to provide meteorological and forced outage data to the public utility transmission provider for the purpose of power production forecasting. This book contains: - The complete text of the Integration of Variable Energy Resources (US Federal Energy Regulatory Commission Regulation) (FERC) (2018 Edition) - A table of contents with the page number of each section

Renewable Energy Forecasting

Author : Georges Kariniotakis
Publisher : Woodhead Publishing
ISBN 13 : 0081005059
Total Pages : 388 pages
Book Rating : 4.0/5 (81 download)

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Book Synopsis Renewable Energy Forecasting by : Georges Kariniotakis

Download or read book Renewable Energy Forecasting written by Georges Kariniotakis and published by Woodhead Publishing. This book was released on 2017-09-29 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renewable Energy Forecasting: From Models to Applications provides an overview of the state-of-the-art of renewable energy forecasting technology and its applications. After an introduction to the principles of meteorology and renewable energy generation, groups of chapters address forecasting models, very short-term forecasting, forecasting of extremes, and longer term forecasting. The final part of the book focuses on important applications of forecasting for power system management and in energy markets. Due to shrinking fossil fuel reserves and concerns about climate change, renewable energy holds an increasing share of the energy mix. Solar, wind, wave, and hydro energy are dependent on highly variable weather conditions, so their increased penetration will lead to strong fluctuations in the power injected into the electricity grid, which needs to be managed. Reliable, high quality forecasts of renewable power generation are therefore essential for the smooth integration of large amounts of solar, wind, wave, and hydropower into the grid as well as for the profitability and effectiveness of such renewable energy projects. - Offers comprehensive coverage of wind, solar, wave, and hydropower forecasting in one convenient volume - Addresses a topic that is growing in importance, given the increasing penetration of renewable energy in many countries - Reviews state-of-the-science techniques for renewable energy forecasting - Contains chapters on operational applications

Advances in Energy System Optimization

Author : Valentin Bertsch
Publisher : Springer
ISBN 13 : 3319517953
Total Pages : 239 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Advances in Energy System Optimization by : Valentin Bertsch

Download or read book Advances in Energy System Optimization written by Valentin Bertsch and published by Springer. This book was released on 2017-03-16 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers presented in this volume address diverse challenges in energy systems, ranging from operational to investment planning problems, from market economics to technical and environmental considerations, from distribution grids to transmission grids and from theoretical considerations to data provision concerns and applied case studies. The International Symposium on Energy System Optimization (ISESO) was held on November 9th and 10th 2015 at the Heidelberg Institute for Theoretical Studies (HITS) and was organized by HITS, Heidelberg University and Karlsruhe Institute of Technology.

China's Energy Revolution in the Context of the Global Energy Transition

Author : Shell International B.V.
Publisher : Springer Nature
ISBN 13 : 3030401545
Total Pages : 734 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis China's Energy Revolution in the Context of the Global Energy Transition by : Shell International B.V.

Download or read book China's Energy Revolution in the Context of the Global Energy Transition written by Shell International B.V. and published by Springer Nature. This book was released on 2020-05-29 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book is an encyclopaedic analysis of the current and future energy system of the world’s most populous country and second biggest economy. What happens in China impacts the planet. In the past 40 years China has achieved one of the most remarkable economic growth rates in history. Its GDP has risen by a factor of 65, enabling 850,000 people to rise out of poverty. Growth on this scale comes with consequences. China is the world’s biggest consumer of primary energy and the world’s biggest emitter of CO2 emissions. Creating a prosperous and harmonious society that delivers economic growth and a high quality of life for all will require radical change in the energy sector, and a rewiring of the economy more widely. In China’s Energy Revolution in the Context of the Global Energy Transition, a team of researchers from the Development Research Center of the State Council of China and Shell International examine how China can revolutionise its supply and use of energy. They examine the entire energy system: coal, oil, gas, nuclear, renewables and new energies in production, conversion, distribution and consumption. They compare China with case studies and lessons learned in other countries. They ask which technology, policy and market mechanisms are required to support the change and they explore how international cooperation can smooth the way to an energy revolution in China and across the world. And, they create and compare scenarios on possible pathways to a future energy system that is low-carbon, affordable, secure and reliable.

International Trade in Sustainable Electricity

Author : Thomas Cottier
Publisher : Cambridge University Press
ISBN 13 : 110716334X
Total Pages : 509 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis International Trade in Sustainable Electricity by : Thomas Cottier

Download or read book International Trade in Sustainable Electricity written by Thomas Cottier and published by Cambridge University Press. This book was released on 2017-06 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the regulatory challenges posed by the changing landscape of electricity trade to the multilateral trading system.

Energy Economics

Author : Peter Zweifel
Publisher : Springer
ISBN 13 : 3662530228
Total Pages : 333 pages
Book Rating : 4.6/5 (625 download)

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Book Synopsis Energy Economics by : Peter Zweifel

Download or read book Energy Economics written by Peter Zweifel and published by Springer. This book was released on 2017-03-27 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an introduction to energy economics. It shows how to apply general economic theory as well as empirical and advanced econometric methods to explain the drivers of energy markets and their development. Readers learn about the specific properties of energy markets as well as the physical, technological, environmental, and geopolitical particularities of energy sources and products. The book covers all types of energy markets, ranging from liquid fuels, gaseous fuels, and solid fuels to electricity. It also addresses emission allowances, energy efficiency, and nuclear risks. The authors discuss the engineering properties of energy technologies including renewables, the economics of natural resources and environmental protection, market liberalization, and energy trade as well as the experience of the German energy transformation. This book will serve students as a textbook and practitioners as a reference for their understanding of energy markets and their development.

Electric Power Wheeling and Dealing

Author :
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Electric Power Wheeling and Dealing by :

Download or read book Electric Power Wheeling and Dealing written by and published by . This book was released on 1989 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Electricity Markets

Author : Darryl R. Biggar
Publisher : John Wiley & Sons
ISBN 13 : 1118775724
Total Pages : 493 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis The Economics of Electricity Markets by : Darryl R. Biggar

Download or read book The Economics of Electricity Markets written by Darryl R. Biggar and published by John Wiley & Sons. This book was released on 2014-07-10 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes

Financial Transmission Rights

Author : Juan Rosellón
Publisher : Springer Science & Business Media
ISBN 13 : 1447147871
Total Pages : 442 pages
Book Rating : 4.4/5 (471 download)

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Book Synopsis Financial Transmission Rights by : Juan Rosellón

Download or read book Financial Transmission Rights written by Juan Rosellón and published by Springer Science & Business Media. This book was released on 2013-03-15 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whilst financial rights have appeared as a successful ingredient in North-American power markets, they have their shortcomings both theoretically and in practice. Financial Transmission Rights: Analysis, Experiences and Prospects present a systematic and comprehensive overview of financial transmission rights (FTRS). Following a general introduction to FTRs, including chapters to explain transmission pricing and the general properties of FTRS, experts in the field provide discussions on wide scope of topics. These include: Varying perspectives on FTRS: from electrical engineers to economists, Different mathematical formulations of FTRS Financial Hedging using FTRS, and Alternative solutions to FTRs The detail, expertise and range of content makes Financial Transmission Rights: Analysis, Experiences and Prospect an essential resource for electricity market specialists both at academic and professional levels. “This is THE BOOK we were all expecting to address all key ‘Financial Transmission Rights’ issues. It is comprehensive and reader friendly. You can pick at will in its menu: more or less theory, a bit of maths or none, empirical review of real cases or numerical simulations of many feasible options. Big names rally there to delight you like: Hogan , Oren, Perez-Arriaga, Smeers, Hobbs and... Rosellón. More than a must read: a light house, a map and a survival kit.” Jean – Michel Glachant, Director Florence School, Holder Loyola de Palacio Chair, Chief-editor Economics of Energy & Environmental Policy. "In the last two decades, economists have developed a better understanding of the impact of financial rights on risk management, market power and network expansion in electricity markets, while power systems have experimented with such rights. Striking a good balance between academics and practitioners, always at the frontier of the field, written by the best experts, this volume is essential reading for all those- power systems’ managers and users, regulators, students and researchers- who want to understand the new electricity environment and predict its evolution." Jean Tirole, Toulouse School of Economics and Institute for Industrial Economics (IDEI) Further comments inside.

TSO-DSO Interactions and Ancillary Services in Electricity Transmission and Distribution Networks

Author : Gianluigi Migliavacca
Publisher : Springer Nature
ISBN 13 : 3030292037
Total Pages : 227 pages
Book Rating : 4.0/5 (32 download)

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Book Synopsis TSO-DSO Interactions and Ancillary Services in Electricity Transmission and Distribution Networks by : Gianluigi Migliavacca

Download or read book TSO-DSO Interactions and Ancillary Services in Electricity Transmission and Distribution Networks written by Gianluigi Migliavacca and published by Springer Nature. This book was released on 2019-10-25 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents new and practical solutions to solve the coordination problem faced due to the increasing integration of renewable energy sources into existing electricity transmission networks it addresses how the subsequent technological revolution is not only affecting the structure of the electricity markets, but also the interactions between transmission system operators (TSO) and distribution system operators (DSO). A must-have for smart grid analysis, this book presents models and scenario buildups of complex systems and incorporates the experience of three technological pilots that are analyzing special issues connected to network monitoring and control, and participation to a would-be ancillary services market from special subjects. The reader will benefit from the experience drawn from SmartNet, a major research project encompassing 22 partners from nine EU countries and including input gathered from a significant number of industrial partners.

The Political Economy of Clean Energy Transitions

Author : Douglas Arent
Publisher : Oxford University Press
ISBN 13 : 0198802242
Total Pages : 631 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis The Political Economy of Clean Energy Transitions by : Douglas Arent

Download or read book The Political Economy of Clean Energy Transitions written by Douglas Arent and published by Oxford University Press. This book was released on 2017 with total page 631 pages. Available in PDF, EPUB and Kindle. Book excerpt: A volume on the political economy of clean energy transition in developed and developing regions, with a focus on the issues that different countries face as they transition from fossil fuels to lower carbon technologies.

Spot Pricing of Electricity

Author : Fred C. Schweppe
Publisher : Springer Science & Business Media
ISBN 13 : 1461316839
Total Pages : 362 pages
Book Rating : 4.4/5 (613 download)

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Book Synopsis Spot Pricing of Electricity by : Fred C. Schweppe

Download or read book Spot Pricing of Electricity written by Fred C. Schweppe and published by Springer Science & Business Media. This book was released on 2013-03-07 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a need for fundamental changes in the ways society views electric energy. Electric energy must be treated as a commodity which can be bought, sold, and traded, taking into account its time-and space-varying values and costs. This book presents a complete framework for the establishment of such an energy marketplace. The framework is based on the use of spot prices. In general terms: o An hourly spot price (in dollars per kilowatt hour) reflects the operating and capital costs of generating, transmitting and distributing electric energy. It varies each hour and from place to place. o The spot price based energy marketplace involves a variety of utility-customer transactions (ranging from hourly varying prices to long-term, multiple-year contracts), all of which are based in a consistent manner on hourly spot prices. These transactions may include customers selling to, as well as buying from, the utility. The basic theory and practical implementation issues associated with a spot price based energy marketplace have been developed and discussed through a number of different reports, theses, and papers. Each addresses only a part of the total picture, and often with a somewhat different notation and terminology (which has evolved in parallel with our growing experience). This book was xvii xviii Preface written to serve as a single, integrated sourcebook on the theory and imple mentation of a spot price based energy marketplace.

Microgrids Design and Implementation

Author : Antonio Carlos Zambroni de Souza
Publisher : Springer
ISBN 13 : 3319986872
Total Pages : 540 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis Microgrids Design and Implementation by : Antonio Carlos Zambroni de Souza

Download or read book Microgrids Design and Implementation written by Antonio Carlos Zambroni de Souza and published by Springer. This book was released on 2018-11-29 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the emerging trend of smart grids in power systems. It discusses the advent of smart grids and selected technical implications; further, by combining the perspectives of researchers from Europe and South America, the book captures the status quo of and approaches to smart grids in a wide range of countries. It describes the basic concepts, enabling readers to understand the theoretical aspects behind smart grid formation, while also examining current challenges and philosophical discussions. Like the industrial revolution and the birth of the Internet, smart grids are certain to change the way people use electricity. In this regard, a new term – the “prosumer” – is used to describe consumers who may sometimes also be energy producers. This is particularly appealing if we bear in mind that most of the distributed power generation in smart grids does not involve carbon emissions. At first glance, the option of generating their own power could move consumers to leave their current energy provider. Yet the authors argue that doing so is not a wise choice: utilities will play a central role in this new scenario and should not be ignored.

Forecasting with Exponential Smoothing

Author : Rob Hyndman
Publisher : Springer Science & Business Media
ISBN 13 : 3540719180
Total Pages : 362 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis Forecasting with Exponential Smoothing by : Rob Hyndman

Download or read book Forecasting with Exponential Smoothing written by Rob Hyndman and published by Springer Science & Business Media. This book was released on 2008-06-19 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exponential smoothing methods have been around since the 1950s, and are still the most popular forecasting methods used in business and industry. However, a modeling framework incorporating stochastic models, likelihood calculation, prediction intervals and procedures for model selection, was not developed until recently. This book brings together all of the important new results on the state space framework for exponential smoothing. It will be of interest to people wanting to apply the methods in their own area of interest as well as for researchers wanting to take the ideas in new directions. Part 1 provides an introduction to exponential smoothing and the underlying models. The essential details are given in Part 2, which also provide links to the most important papers in the literature. More advanced topics are covered in Part 3, including the mathematical properties of the models and extensions of the models for specific problems. Applications to particular domains are discussed in Part 4.

Modeling and Optimization of Interdependent Energy Infrastructures

Author : Wei Wei
Publisher : Springer Nature
ISBN 13 : 3030259587
Total Pages : 722 pages
Book Rating : 4.0/5 (32 download)

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Book Synopsis Modeling and Optimization of Interdependent Energy Infrastructures by : Wei Wei

Download or read book Modeling and Optimization of Interdependent Energy Infrastructures written by Wei Wei and published by Springer Nature. This book was released on 2019-10-22 with total page 722 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book opens up new ways to develop mathematical models and optimization methods for interdependent energy infrastructures, ranging from the electricity network, natural gas network, district heating network, and electrified transportation network. The authors provide methods to help analyze, design, and operate the integrated energy system more efficiently and reliably, and constitute a foundational basis for decision support tools for the next-generation energy network. Chapters present new operation models of the coupled energy infrastructure and the application of new methodologies including convex optimization, robust optimization, and equilibrium constrained optimization. Four appendices provide students and researchers with helpful tutorials on advanced optimization methods: Basics of Linear and Conic Programs; Formulation Tricks in Integer Programming; Basics of Robust Optimization; Equilibrium Problems. This book provides theoretical foundation and technical applications for energy system integration, and the the interdisciplinary research presented will be useful to readers in many fields including electrical engineering, civil engineering, and industrial engineering.

Modeling and Forecasting Electricity Loads and Prices

Author : Rafal Weron
Publisher : John Wiley & Sons
ISBN 13 : 0470059990
Total Pages : 192 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Modeling and Forecasting Electricity Loads and Prices by : Rafal Weron

Download or read book Modeling and Forecasting Electricity Loads and Prices written by Rafal Weron and published by John Wiley & Sons. This book was released on 2007-01-30 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an in-depth and up-to-date review of different statistical tools that can be used to analyze and forecast the dynamics of two crucial for every energy company processes—electricity prices and loads. It provides coverage of seasonal decomposition, mean reversion, heavy-tailed distributions, exponential smoothing, spike preprocessing, autoregressive time series including models with exogenous variables and heteroskedastic (GARCH) components, regime-switching models, interval forecasts, jump-diffusion models, derivatives pricing and the market price of risk. Modeling and Forecasting Electricity Loads and Prices is packaged with a CD containing both the data and detailed examples of implementation of different techniques in Matlab, with additional examples in SAS. A reader can retrace all the intermediate steps of a practical implementation of a model and test his understanding of the method and correctness of the computer code using the same input data. The book will be of particular interest to the quants employed by the utilities, independent power generators and marketers, energy trading desks of the hedge funds and financial institutions, and the executives attending courses designed to help them to brush up on their technical skills. The text will be also of use to graduate students in electrical engineering, econometrics and finance wanting to get a grip on advanced statistical tools applied in this hot area. In fact, there are sixteen Case Studies in the book making it a self-contained tutorial to electricity load and price modeling and forecasting.

Integrating Renewables in Electricity Markets

Author : Juan M. Morales
Publisher : Springer Science & Business Media
ISBN 13 : 1461494117
Total Pages : 434 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Integrating Renewables in Electricity Markets by : Juan M. Morales

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.