Stochastic and Robust Optimal Operation of Energy-efficient Building with Combined Heat and Power Systems

Download Stochastic and Robust Optimal Operation of Energy-efficient Building with Combined Heat and Power Systems PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 147 pages
Book Rating : 4.:/5 (9 download)

DOWNLOAD NOW!


Book Synopsis Stochastic and Robust Optimal Operation of Energy-efficient Building with Combined Heat and Power Systems by : Ping Liu

Download or read book Stochastic and Robust Optimal Operation of Energy-efficient Building with Combined Heat and Power Systems written by Ping Liu and published by . This book was released on 2014 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy efficiency and renewable energy become more attractive in smart grid. In order to efficiently reduce global energy usage in building energy systems and to improve local environmental sustainability, it is essential to optimize the operation and the performance of combined heat and power (CHP) systems. In addition, intermittent renewable energy and imprecisely predicted customer loads have introduced great challenges in energy-efficient buildings' optimal operation. In the deterministic optimal operation, we study the modeling of components in building energy systems, including the power grid interface, CHP and boiler units, energy storage devices, and appliances. The mixed energy resources are applied to collaboratively supply both electric and thermal loads. The results show that CHP can effectively improve overall energy efficiency by coordinating electric and thermal power supplies. Through the optimal operation of all power sources, the daily operation cost of building energy system for generating energy can be significantly reduced. In order to address the risk due to energy consumption and renewable energy production volatility, we conduct studies on both stochastic programming and robust optimizations to operate energy-efficient building systems under uncertainty. The multistage stochastic programming model is introduced so that the reliable operation of building energy systems would be probabilistically guaranteed with stochastic decisions. The simulation results show that the stochastic operation of building systems is a promising strategy to account for the impact of uncertainties on power dispatch decisions of energy-efficient buildings. In order to provide absolute guarantee for the reliable operation of building energy systems, a robust energy supply to electric and thermal loads is studied by exploring the influence of energy storage on energy supply and accounting for uncertainties in the energy-efficient building. The robustness can be adjusted to control the conservativeness of the proposed robust operation model. For the purpose of achieving adaptability in the robust optimal operation and attaining robustness in the stochastic optimal operation of building energy systems, we also develop an innovative robust stochastic optimization (RSO) model. The proposed RSO model not only overcomes the conservativeness in the robust operation model, but also circumvents the curse of dimensionality in the stochastic operation model.

Optimal Operation of Integrated Multi-Energy Systems Under Uncertainty

Download Optimal Operation of Integrated Multi-Energy Systems Under Uncertainty PDF Online Free

Author :
Publisher : Elsevier
ISBN 13 : 0128241144
Total Pages : 370 pages
Book Rating : 4.1/5 (282 download)

DOWNLOAD NOW!


Book Synopsis Optimal Operation of Integrated Multi-Energy Systems Under Uncertainty by : Qiuwei Wu

Download or read book Optimal Operation of Integrated Multi-Energy Systems Under Uncertainty written by Qiuwei Wu and published by Elsevier. This book was released on 2021-09-13 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Optimal Operation of Integrated Multi-Energy Systems Under Uncertainty discusses core concepts, advanced modeling and key operation strategies for integrated multi-energy systems geared for use in optimal operation. The book particularly focuses on reviewing novel operating strategies supported by relevant code in MATLAB and GAMS. It covers foundational concepts, key challenges and opportunities in operational implementation, followed by discussions of conventional approaches to modeling electricity, heat and gas networks. This modeling is the base for more detailed operation strategies for optimal operation of integrated multi-energy systems under uncertainty covered in the latter part of the work. Reviews advanced modeling approaches relevant to the integration of electricity, heat and gas systems in operation studies Covers stochastic and robust optimal operation of integrated multi-energy systems Evaluates MPC based, real-time dispatch of integrated multi-energy systems Considers uncertainty modeling for stochastic and robust optimization Assesses optimal operation and real-time dispatch for multi-energy building complexes

Robust Optimal Planning and Operation of Electrical Energy Systems

Download Robust Optimal Planning and Operation of Electrical Energy Systems PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 3030042960
Total Pages : 315 pages
Book Rating : 4.0/5 (3 download)

DOWNLOAD NOW!


Book Synopsis Robust Optimal Planning and Operation of Electrical Energy Systems by : Behnam Mohammadi-ivatloo

Download or read book Robust Optimal Planning and Operation of Electrical Energy Systems written by Behnam Mohammadi-ivatloo and published by Springer. This book was released on 2019-02-06 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the recent developments in robust optimization (RO) and information gap design theory (IGDT) methods and their application for the optimal planning and operation of electric energy systems. Chapters cover both theoretical background and applications to address common uncertainty factors such as load variation, power market price, and power generation of renewable energy sources. Case studies with real-world applications are included to help undergraduate and graduate students, researchers and engineers solve robust power and energy optimization problems and provide effective and promising solutions for the robust planning and operation of electric energy systems.

Advances in Theoretical and Computational Energy Optimization Processes

Download Advances in Theoretical and Computational Energy Optimization Processes PDF Online Free

Author :
Publisher : MDPI
ISBN 13 : 3039366386
Total Pages : 422 pages
Book Rating : 4.0/5 (393 download)

DOWNLOAD NOW!


Book Synopsis Advances in Theoretical and Computational Energy Optimization Processes by : Ferdinando Salata

Download or read book Advances in Theoretical and Computational Energy Optimization Processes written by Ferdinando Salata and published by MDPI. This book was released on 2020-12-29 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paradigm in the design of all human activity that requires energy for its development must change from the past. We must change the processes of product manufacturing and functional services. This is necessary in order to mitigate the ecological footprint of man on the Earth, which cannot be considered as a resource with infinite capacities. To do this, every single process must be analyzed and modified, with the aim of decarbonising each production sector. This collection of articles has been assembled to provide ideas and new broad-spectrum contributions for these purposes.

Optimal Operation of Integrated Multi-Energy Systems Under Uncertainty

Download Optimal Operation of Integrated Multi-Energy Systems Under Uncertainty PDF Online Free

Author :
Publisher : Elsevier
ISBN 13 : 0128241152
Total Pages : 372 pages
Book Rating : 4.1/5 (282 download)

DOWNLOAD NOW!


Book Synopsis Optimal Operation of Integrated Multi-Energy Systems Under Uncertainty by : Qiuwei Wu

Download or read book Optimal Operation of Integrated Multi-Energy Systems Under Uncertainty written by Qiuwei Wu and published by Elsevier. This book was released on 2021-09-07 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Optimal Operation of Integrated Multi-Energy Systems Under Uncertainty discusses core concepts, advanced modeling and key operation strategies for integrated multi-energy systems geared for use in optimal operation. The book particularly focuses on reviewing novel operating strategies supported by relevant code in MATLAB and GAMS. It covers foundational concepts, key challenges and opportunities in operational implementation, followed by discussions of conventional approaches to modeling electricity, heat and gas networks. This modeling is the base for more detailed operation strategies for optimal operation of integrated multi-energy systems under uncertainty covered in the latter part of the work. Reviews advanced modeling approaches relevant to the integration of electricity, heat and gas systems in operation studies Covers stochastic and robust optimal operation of integrated multi-energy systems Evaluates MPC based, real-time dispatch of integrated multi-energy systems Considers uncertainty modeling for stochastic and robust optimization Assesses optimal operation and real-time dispatch for multi-energy building complexes

Advanced Technologies for Planning and Operation of Prosumer Energy Systems, volume III

Download Advanced Technologies for Planning and Operation of Prosumer Energy Systems, volume III PDF Online Free

Author :
Publisher : Frontiers Media SA
ISBN 13 : 2832552463
Total Pages : 385 pages
Book Rating : 4.8/5 (325 download)

DOWNLOAD NOW!


Book Synopsis Advanced Technologies for Planning and Operation of Prosumer Energy Systems, volume III by : Bin Zhou

Download or read book Advanced Technologies for Planning and Operation of Prosumer Energy Systems, volume III written by Bin Zhou and published by Frontiers Media SA. This book was released on 2024-07-30 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prosumers, such as energy storage, smart home, and microgrids, are the consumers who also produce and share surplus energy with other users. With capabilities of flexibly managing the generation, storage and consumption of energy in a simultaneous manner, prosumers can help improve the operation efficiency of smart grid. Due to the rapid expansion of prosumer clusters, the planning and operation issues of prosumer energy systems have been increasingly raised. Aspects including energy infrastructure design, energy management, system stability, etc., are urgently required to be addressed while taking full advantage of prosumers' capabilities. However, up to date, the research on prosumers has not drawn sufficient attention. This proposal presents the need to introduce a Research Topic on prosumer energy systems in Frontiers in Energy Research. We believe this Research Topic can promote the research on advanced planning and operation technologies of prosumer energy systems and contribute to the carbon neutrality for a sustainable society.

Operation, Planning, and Analysis of Energy Storage Systems in Smart Energy Hubs

Download Operation, Planning, and Analysis of Energy Storage Systems in Smart Energy Hubs PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 3319750976
Total Pages : 452 pages
Book Rating : 4.3/5 (197 download)

DOWNLOAD NOW!


Book Synopsis Operation, Planning, and Analysis of Energy Storage Systems in Smart Energy Hubs by : Behnam Mohammadi-Ivatloo

Download or read book Operation, Planning, and Analysis of Energy Storage Systems in Smart Energy Hubs written by Behnam Mohammadi-Ivatloo and published by Springer. This book was released on 2018-04-04 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the design and scheduling of residential, industrial, and commercial energy hubs, and their integration into energy storage technologies and renewable energy sources. Each chapter provides theoretical background and application examples for specific power systems including, solar, wind, geothermal, air and hydro. Case-studies are included to provide engineers, researchers, and students with the most modern technical and intelligent approaches to solving power and energy integration problems with special attention given to the environmental and economic aspects of energy storage systems.

Optimisation Models and Methods in Energy Systems

Download Optimisation Models and Methods in Energy Systems PDF Online Free

Author :
Publisher : MDPI
ISBN 13 : 3039211188
Total Pages : 194 pages
Book Rating : 4.0/5 (392 download)

DOWNLOAD NOW!


Book Synopsis Optimisation Models and Methods in Energy Systems by : Carlos Henggeler Antunes

Download or read book Optimisation Models and Methods in Energy Systems written by Carlos Henggeler Antunes and published by MDPI. This book was released on 2019-08-06 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a printed edition of the Special Issue Optimisation Models and Methods in Energy Systems that was published in Energies

Handbook of Clean Energy Systems, 6 Volume Set

Download Handbook of Clean Energy Systems, 6 Volume Set PDF Online Free

Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118388585
Total Pages : 4038 pages
Book Rating : 4.1/5 (183 download)

DOWNLOAD NOW!


Book Synopsis Handbook of Clean Energy Systems, 6 Volume Set by : Jinyue Yan

Download or read book Handbook of Clean Energy Systems, 6 Volume Set written by Jinyue Yan and published by John Wiley & Sons. This book was released on 2015-06-22 with total page 4038 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Clean Energy Systems brings together an international team of experts to present a comprehensive overview of the latest research, developments and practical applications throughout all areas of clean energy systems. Consolidating information which is currently scattered across a wide variety of literature sources, the handbook covers a broad range of topics in this interdisciplinary research field including both fossil and renewable energy systems. The development of intelligent energy systems for efficient energy processes and mitigation technologies for the reduction of environmental pollutants is explored in depth, and environmental, social and economic impacts are also addressed. Topics covered include: Volume 1 - Renewable Energy: Biomass resources and biofuel production; Bioenergy Utilization; Solar Energy; Wind Energy; Geothermal Energy; Tidal Energy. Volume 2 - Clean Energy Conversion Technologies: Steam/Vapor Power Generation; Gas Turbines Power Generation; Reciprocating Engines; Fuel Cells; Cogeneration and Polygeneration. Volume 3 - Mitigation Technologies: Carbon Capture; Negative Emissions System; Carbon Transportation; Carbon Storage; Emission Mitigation Technologies; Efficiency Improvements and Waste Management; Waste to Energy. Volume 4 - Intelligent Energy Systems: Future Electricity Markets; Diagnostic and Control of Energy Systems; New Electric Transmission Systems; Smart Grid and Modern Electrical Systems; Energy Efficiency of Municipal Energy Systems; Energy Efficiency of Industrial Energy Systems; Consumer Behaviors; Load Control and Management; Electric Car and Hybrid Car; Energy Efficiency Improvement. Volume 5 - Energy Storage: Thermal Energy Storage; Chemical Storage; Mechanical Storage; Electrochemical Storage; Integrated Storage Systems. Volume 6 - Sustainability of Energy Systems: Sustainability Indicators, Evaluation Criteria, and Reporting; Regulation and Policy; Finance and Investment; Emission Trading; Modeling and Analysis of Energy Systems; Energy vs. Development; Low Carbon Economy; Energy Efficiencies and Emission Reduction. Key features: Comprising over 3,500 pages in 6 volumes, HCES presents a comprehensive overview of the latest research, developments and practical applications throughout all areas of clean energy systems, consolidating a wealth of information which is currently scattered across a wide variety of literature sources. In addition to renewable energy systems, HCES also covers processes for the efficient and clean conversion of traditional fuels such as coal, oil and gas, energy storage systems, mitigation technologies for the reduction of environmental pollutants, and the development of intelligent energy systems. Environmental, social and economic impacts of energy systems are also addressed in depth. Published in full colour throughout. Fully indexed with cross referencing within and between all six volumes. Edited by leading researchers from academia and industry who are internationally renowned and active in their respective fields. Published in print and online. The online version is a single publication (i.e. no updates), available for one-time purchase or through annual subscription.

Stochastic Control of Energy Efficient Buildings

Download Stochastic Control of Energy Efficient Buildings PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (957 download)

DOWNLOAD NOW!


Book Synopsis Stochastic Control of Energy Efficient Buildings by :

Download or read book Stochastic Control of Energy Efficient Buildings written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The key goal in energy efficient buildings is to reduce energy consumption of Heating, Ventilation, and Air- Conditioning (HVAC) systems while maintaining a comfortable temperature and humidity in the building. This paper proposes a novel stochastic control approach for achieving joint performance and power control of HVAC. We employ a constrained Stochastic Linear Quadratic Control (cSLQC) by minimizing a quadratic cost function with a disturbance assumed to be Gaussian. The problem is formulated to minimize the expected cost subject to a linear constraint and a probabilistic constraint. By using cSLQC, the problem is reduced to a semidefinite optimization problem, where the optimal control can be computed efficiently by Semidefinite programming (SDP). Simulation results are provided to demonstrate the effectiveness and power efficiency by utilizing the proposed control approach.

Interconnected Modern Multi-Energy Networks and Intelligent Transportation Systems

Download Interconnected Modern Multi-Energy Networks and Intelligent Transportation Systems PDF Online Free

Author :
Publisher : John Wiley & Sons
ISBN 13 : 1394188757
Total Pages : 484 pages
Book Rating : 4.3/5 (941 download)

DOWNLOAD NOW!


Book Synopsis Interconnected Modern Multi-Energy Networks and Intelligent Transportation Systems by : Mohammadreza Daneshvar

Download or read book Interconnected Modern Multi-Energy Networks and Intelligent Transportation Systems written by Mohammadreza Daneshvar and published by John Wiley & Sons. This book was released on 2024-02-28 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely introduction to the revolutionary technologies reshaping the global energy market The search for more efficient and sustainable ways to meet society’s energy requirements has driven recent technological innovation on an unprecedented scale. The energy needs of a growing population coupled with concerns about climate change have posed unique challenges that necessitate novel energy technologies . The transition of modern energy grids towards multi-energy networks, or MENs, promises to be a fundamental transformation in the way we energize our world. Interconnected Modern Multi-Energy Networks and Intelligent Transportation Systems presents an overview of the foundational methodologies and technologies underlying MENs and the groundbreaking vehicle systems that bring them together. With the inclusion of transformative technologies from radically different sectors, the content covered in this book will be of high value for researchers interested in future energy systems. Readers will also find: In-depth examination of the process of switching from conventional transportation systems to modern intelligent transportation ones Detailed discussions of topics including self-driving vehicles, hybrid energy technologies, grid-edge, and more The introduction of a holistic, reconfigurable system adaptable to vastly different conditions and forms of network interaction Interconnected Modern Multi-Energy Networks and Intelligent Transportation Systems is useful for researchers in electrical, mechanical, civil, architectural, or environmental engineering, as well as for telecommunications researchers and for any industry professionals with an interest in energy transportation.

Life Cycle Sustainability Assessment for Decision-Making

Download Life Cycle Sustainability Assessment for Decision-Making PDF Online Free

Author :
Publisher : Elsevier
ISBN 13 : 012818356X
Total Pages : 364 pages
Book Rating : 4.1/5 (281 download)

DOWNLOAD NOW!


Book Synopsis Life Cycle Sustainability Assessment for Decision-Making by : Jingzheng Ren

Download or read book Life Cycle Sustainability Assessment for Decision-Making written by Jingzheng Ren and published by Elsevier. This book was released on 2019-11-19 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Life Cycle Sustainability Assessment for Decision-Making: Methodologies and Case Studies gives readers a comprehensive introduction to life cycle sustainability assessment (LCSA) methodology for sustainability measurement of industrial systems, proposing an efficiency methodology for stakeholders and decision-makers. Featuring the latest methods and case studies, the book will assist researchers in environmental sciences and energy to develop the best methods for LCA, as well as aiding those practitioners who are responsible for making decisions for promoting sustainable development. The past, current status and future of LCSA, Life Cycle Assessment method (LCA), Life Cycle Costing (LCC), Social Life Cycle Assessment (SLCA), the methodology of LCSA, typical LCSA case studies, limitations of LCSA, and life cycle aggregated sustainability index methods are all covered in this multidisciplinary book. Includes models for assessing sustainability in environmental, energy engineering and economic scenarios Features case studies that help define the advantages and obstacles of real world applications Presents a complete view, from theory to practice, of a life cycle approach by exploring the methods and tools of sustainability assessment, analysis and design of sustainability assessment

Distributed Optimization and Statistical Learning Via the Alternating Direction Method of Multipliers

Download Distributed Optimization and Statistical Learning Via the Alternating Direction Method of Multipliers PDF Online Free

Author :
Publisher : Now Publishers Inc
ISBN 13 : 160198460X
Total Pages : 138 pages
Book Rating : 4.6/5 (19 download)

DOWNLOAD NOW!


Book Synopsis Distributed Optimization and Statistical Learning Via the Alternating Direction Method of Multipliers by : Stephen Boyd

Download or read book Distributed Optimization and Statistical Learning Via the Alternating Direction Method of Multipliers written by Stephen Boyd and published by Now Publishers Inc. This book was released on 2011 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Surveys the theory and history of the alternating direction method of multipliers, and discusses its applications to a wide variety of statistical and machine learning problems of recent interest, including the lasso, sparse logistic regression, basis pursuit, covariance selection, support vector machines, and many others.

Active Building Energy Systems

Download Active Building Energy Systems PDF Online Free

Author :
Publisher : Springer Nature
ISBN 13 : 3030797422
Total Pages : 394 pages
Book Rating : 4.0/5 (37 download)

DOWNLOAD NOW!


Book Synopsis Active Building Energy Systems by : Vahid Vahidinasab

Download or read book Active Building Energy Systems written by Vahid Vahidinasab and published by Springer Nature. This book was released on 2022-05-06 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive study on state-of-the-art developments in the control, operation, and market participation of active buildings (ABs). Active buildings can support the broader energy system by intelligent integration of renewable-based energy technologies for heating, cooling, electricity, and transport. This important reference analyzes the key features of modern control and operation techniques applied to these systems. Contributions from an international team of experts present practical methods with evidence and case studies from applications to real-world or simulated active buildings. Sample computer codes and analytical examples aid in the understanding of the presented methods. The book will support researchers working on the control and operation of buildings as an energy system, smart cities and smart grids, and microgrids, as well as researchers and developers from the building and energy engineering, economic, and operation research fields. Provides an in-depth review of building-level energy systems technologies; Covers codes, standards, and requirements for active building control systems; Includes sample computer code and analytical examples.

Advanced Control of Combined Heat and Power Systems for Optimal Energy Usage in Commercial Buildings

Download Advanced Control of Combined Heat and Power Systems for Optimal Energy Usage in Commercial Buildings PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 226 pages
Book Rating : 4.:/5 (544 download)

DOWNLOAD NOW!


Book Synopsis Advanced Control of Combined Heat and Power Systems for Optimal Energy Usage in Commercial Buildings by : Virdiansyah Permana

Download or read book Advanced Control of Combined Heat and Power Systems for Optimal Energy Usage in Commercial Buildings written by Virdiansyah Permana and published by . This book was released on 2003 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Future Urban Energy System for Buildings

Download Future Urban Energy System for Buildings PDF Online Free

Author :
Publisher : Springer Nature
ISBN 13 : 9819912229
Total Pages : 485 pages
Book Rating : 4.8/5 (199 download)

DOWNLOAD NOW!


Book Synopsis Future Urban Energy System for Buildings by : Xingxing Zhang

Download or read book Future Urban Energy System for Buildings written by Xingxing Zhang and published by Springer Nature. This book was released on 2023-05-13 with total page 485 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates three main characteristics of future urban energy system for buildings, including flexibility, resilience and optimization. It explores the energy flexibility by considering renewable energy integration with buildings, sector coupling, and energy trading in the local energy market. Energy resilience is addressed from aspects of future climate change, pandemic crisis, and operational uncertainties. Approaches for system design, dynamic pricing and advanced control are discussed for the optimization of urban energy system. Knowledge from this book contributes to the effective means in future urban energy paradigm to closely integrate multiple energy systems (i.e., distribution, mobility, production and storage) with different energy carriers (i.e., heat, electricity) in an optimal manner for energy use. It would facilitate the envision of next-generation urban energy systems, towards sustainability, resilience and prosperity. This book targets at a broad readership with specific experience and knowledge in energy system, transport, built environment and urban planning. As such, it will appeal to researchers, graduate students, engineers, consultants, urban scientists, investors and policymakers, with interests in energy flexibility, building/city resilience and climate neutrality.

Integrating Renewables in Electricity Markets

Download Integrating Renewables in Electricity Markets PDF Online Free

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

DOWNLOAD NOW!


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.