Uncertainty in the Electric Power Industry

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Publisher : Springer Science & Business Media
ISBN 13 : 0387230475
Total Pages : 325 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Uncertainty in the Electric Power Industry by : Christoph Weber

Download or read book Uncertainty in the Electric Power Industry written by Christoph Weber and published by Springer Science & Business Media. This book was released on 2005 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Around the world, liberalization and privatization in the electricity industry have lead to increased competition among utilities. At the same time, utilities are now exposed more than ever to risk and uncertainties, which they cannot pass on to their customers through price increases as in a regulated environment. Especially electricity-generating companies have to face volatile wholesale prices, fuel price uncertainty, limited long-term hedging possibilities and huge, to a large extent, sunk investments. In this context, Uncertainty in the Electric Power Industry: Methods and Models for Decision Support aims at an integrative view on the decision problems that power companies have to tackle. It systematically examines the uncertainties power companies are facing and develops models to describe them – including an innovative approach combining fundamental and finance models for price modeling. The optimization of generation and trading portfolios under uncertainty is discussed with particular focus on CHP and is linked to risk management. Here the concept of integral earnings at risk is developed to provide a theoretically sound combination of value at risk and profit at risk approaches, adapted to real market structures and market liquidity. Also methods for supporting long-term investment decisions are presented: technology assessment based on experience curves and operation simulation for fuel cells and a real options approach with endogenous electricity prices.

Uncertainty in the Electric Power Industry

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 0387230483
Total Pages : 312 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Uncertainty in the Electric Power Industry by : Christoph Weber

Download or read book Uncertainty in the Electric Power Industry written by Christoph Weber and published by Springer Science & Business Media. This book was released on 2006-01-06 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Around the world, liberalization and privatization in the electricity industry have lead to increased competition among utilities. At the same time, utilities are now exposed more than ever to risk and uncertainties, which they cannot pass on to their customers through price increases as in a regulated environment. Especially electricity-generating companies have to face volatile wholesale prices, fuel price uncertainty, limited long-term hedging possibilities and huge, to a large extent, sunk investments. In this context, Uncertainty in the Electric Power Industry: Methods and Models for Decision Support aims at an integrative view on the decision problems that power companies have to tackle. It systematically examines the uncertainties power companies are facing and develops models to describe them - including an innovative approach combining fundamental and finance models for price modeling. The optimization of generation and trading portfolios under uncertainty is discussed with particular focus on CHP and is linked to risk management. Here the concept of integral earnings at risk is developed to provide a theoretically sound combination of value at risk and profit at risk approaches, adapted to real market structures and market liquidity. Also methods for supporting long-term investment decisions are presented: technology assessment based on experience curves and operation simulation for fuel cells and a real options approach with endogenous electricity prices.

Decision Making Under Uncertainty in Electricity Markets

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Publisher : Springer Science & Business Media
ISBN 13 : 1441974210
Total Pages : 549 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Decision Making Under Uncertainty in Electricity Markets by : Antonio J. Conejo

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.

Uncertainty in the Electric Power Industry

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Author :
Publisher : Springer
ISBN 13 : 9780387502328
Total Pages : 0 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis Uncertainty in the Electric Power Industry by : Christoph Weber

Download or read book Uncertainty in the Electric Power Industry written by Christoph Weber and published by Springer. This book was released on 2008-11-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Around the world, liberalization and privatization in the electricity industry have lead to increased competition among utilities. At the same time, utilities are now exposed more than ever to risk and uncertainties, which they cannot pass on to their customers through price increases as in a regulated environment. Especially electricity-generating companies have to face volatile wholesale prices, fuel price uncertainty, limited long-term hedging possibilities and huge, to a large extent, sunk investments. In this context, Uncertainty in the Electric Power Industry: Methods and Models for Decision Support aims at an integrative view on the decision problems that power companies have to tackle. It systematically examines the uncertainties power companies are facing and develops models to describe them - including an innovative approach combining fundamental and finance models for price modeling. The optimization of generation and trading portfolios under uncertainty is discussed with particular focus on CHP and is linked to risk management. Here the concept of integral earnings at risk is developed to provide a theoretically sound combination of value at risk and profit at risk approaches, adapted to real market structures and market liquidity. Also methods for supporting long-term investment decisions are presented: technology assessment based on experience curves and operation simulation for fuel cells and a real options approach with endogenous electricity prices.

Uncertainties in Modern Power Systems

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Publisher : Academic Press
ISBN 13 : 0128208937
Total Pages : 718 pages
Book Rating : 4.1/5 (282 download)

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Book Synopsis Uncertainties in Modern Power Systems by : Ahmed F. Zobaa

Download or read book Uncertainties in Modern Power Systems written by Ahmed F. Zobaa and published by Academic Press. This book was released on 2020-10-26 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertainties in Modern Power Systems combines several aspects of uncertainty management in power systems at the planning and operation stages within an integrated framework. This book provides the state-of-the-art in electric network planning, including time-scales, reliability, quality, optimal allocation of compensators and distributed generators, mathematical formulation, and search algorithms. The book introduces innovative research outcomes, programs, algorithms, and approaches that consolidate the present status and future opportunities and challenges of power systems. The book also offers a comprehensive description of the overall process in terms of understanding, creating, data gathering, and managing complex electrical engineering applications with uncertainties. This reference is useful for researchers, engineers, and operators in power distribution systems. Includes innovative research outcomes, programs, algorithms, and approaches that consolidate current status and future of modern power systems Discusses how uncertainties will impact on the performance of power systems Offers solutions to significant challenges in power systems planning to achieve the best operational performance of the different electric power sectors

Investment in Electricity Generation and Transmission

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Publisher : Springer
ISBN 13 : 3319295012
Total Pages : 389 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Investment in Electricity Generation and Transmission by : Antonio J. Conejo

Download or read book Investment in Electricity Generation and Transmission written by Antonio J. Conejo and published by Springer. This book was released on 2016-06-10 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth analysis of investment problems pertaining to electric energy infrastructure, including both generation and transmission facilities. The analysis encompasses decision-making tools for expansion planning, reinforcement, and the selection and timing of investment options. In this regard, the book provides an up-to-date description of analytical tools to address challenging investment questions such as: How can we expand and/or reinforce our aging electricity transmission infrastructure? How can we expand the transmission network of a given region to integrate significant amounts of renewable generation? How can we expand generation facilities to achieve a low-carbon electricity production system? How can we expand the generation system while ensuring appropriate levels of flexibility to accommodate both demand-related and production-related uncertainties? How can we choose among alternative production facilities? What is the right time to invest in a given production or transmission facility? Written in a tutorial style and modular format, the book includes a wealth of illustrative examples to facilitate comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, operations research, management science, and economics. Practitioners in the electric energy sector will also benefit from the concepts and techniques presented here.

Large-Scale System Analysis Under Uncertainty

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Publisher : Cambridge University Press
ISBN 13 : 1108129293
Total Pages : 356 pages
Book Rating : 4.1/5 (81 download)

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Book Synopsis Large-Scale System Analysis Under Uncertainty by : Alejandro D. Domínguez-García

Download or read book Large-Scale System Analysis Under Uncertainty written by Alejandro D. Domínguez-García and published by Cambridge University Press. This book was released on 2022-02-17 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover a comprehensive set of tools and techniques for analyzing the impact of uncertainty on large-scale engineered systems. Providing accessible yet rigorous coverage, it showcases the theory through detailed case studies drawn from electric power application problems, including the impact of integration of renewable-based power generation in bulk power systems, the impact of corrupted measurement and communication devices in microgrid closed-loop controls, and the impact of components failures on the reliability of power supply systems. The case studies also serve as a guide on how to tackle similar problems that appear in other engineering application domains, including automotive and aerospace engineering. This is essential reading for academic researchers and graduate students in power systems engineering, and dynamic systems and control engineering.

Challenges of Electric Power Industry Restructuring for Fuel Suppliers

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Publisher :
ISBN 13 :
Total Pages : 156 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Challenges of Electric Power Industry Restructuring for Fuel Suppliers by :

Download or read book Challenges of Electric Power Industry Restructuring for Fuel Suppliers written by and published by . This book was released on 1998 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an assessment of the changes in other energy industries that could occur as the result of restructuring in the electric power industry.

Electricity Markets

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Publisher : Springer Nature
ISBN 13 : 303036979X
Total Pages : 274 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Electricity Markets by : Sayyad Nojavan

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.

Strategies for Managing Uncertainty

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Publisher :
ISBN 13 : 9781108120586
Total Pages : pages
Book Rating : 4.1/5 (25 download)

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Book Synopsis Strategies for Managing Uncertainty by : Alfred Allen Marcus

Download or read book Strategies for Managing Uncertainty written by Alfred Allen Marcus and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "All organizations must cope with future uncertainties. These uncertainties affect the strategic choices they make. They must commit scarce organizational resources to future outcomes which they have little assurance will come into being. Marcus explores how decision makers in the energy industry made choices in the face of such uncertainties, specifically examining two major uncertainties they confronted in the 2012-18 period - price volatility and climate change. Marcus tells the story of how different companies in the integrated oil and natural gas sector and in the motor vehicle sector responded to these uncertainties. In the face of these challenges, companies in the energy industry hedged their bets by staking out paradoxical or contrasting positions. On the one hand, they focused on capturing as much gain as they could from the world's current dependence on fossil fuels and on the other hand they made preparations for a future in which fossil fuels might not be the world's dominant energy source"--

Electric Power Industry

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Publisher :
ISBN 13 :
Total Pages : 306 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Electric Power Industry by : United States. Congress. Senate. Committee on Energy and Natural Resources

Download or read book Electric Power Industry written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 1996 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Virtual Power Plants and Electricity Markets

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Publisher : Springer Nature
ISBN 13 : 3030476022
Total Pages : 381 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Virtual Power Plants and Electricity Markets by : Luis Baringo

Download or read book Virtual Power Plants and Electricity Markets written by Luis Baringo and published by Springer Nature. This book was released on 2020-09-03 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a detailed analysis of operation and planning problems faced by virtual power plants participating in different electricity markets. The chapters address in-depth, topics such as: optimization, market power, expansion, and modelling uncertainty in operation and planning problems of virtual power plants. The book provides an up-to-date description of decision-making tools to address challenging questions faced by virtual power plants such as: How can virtual power plants optimize their participation in electricity markets? How can a virtual power plant exercise market power? How can virtual power plants be optimally expanded? How can uncertainty be efficiently modelled in the operation and planning problems of virtual power plants? The book is written in a tutorial style and modular format, and includes many illustrative examples to facilitate comprehension. It is intended for a diverse audience including advanced undergraduate and graduate students in the fields of electric energy systems, operations research, and economics. Practitioners in the energy sector will also benefit from the concepts and techniques presented in this book. In particular, this book: Provides students with the GAMS codes to solve the examples in the book; Provides a basis for the formulation of decision-making problems under uncertainty; Contains a blend of theoretical concepts and practical applications that are developed as working algorithms.

Nuclear Power in an Age of Uncertainty

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Publisher :
ISBN 13 :
Total Pages : 308 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Nuclear Power in an Age of Uncertainty by : United States. Congress. Office of Technology Assessment

Download or read book Nuclear Power in an Age of Uncertainty written by United States. Congress. Office of Technology Assessment and published by . This book was released on 1984 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Robust Optimization in Electric Energy Systems

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Publisher : Springer Nature
ISBN 13 : 3030851281
Total Pages : 337 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Robust Optimization in Electric Energy Systems by : Xu Andy Sun

Download or read book Robust Optimization in Electric Energy Systems written by Xu Andy Sun and published by Springer Nature. This book was released on 2021-11-08 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers robust optimization theory and applications in the electricity sector. The advantage of robust optimization with respect to other methodologies for decision making under uncertainty are first discussed. Then, the robust optimization theory is covered in a friendly and tutorial manner. Finally, a number of insightful short- and long-term applications pertaining to the electricity sector are considered. Specifically, the book includes: robust set characterization, robust optimization, adaptive robust optimization, hybrid robust-stochastic optimization, applications to short- and medium-term operations problems in the electricity sector, and applications to long-term investment problems in the electricity sector. Each chapter contains end-of-chapter problems, making it suitable for use as a text. The purpose of the book is to provide a self-contained overview of robust optimization techniques for decision making under uncertainty in the electricity sector. The targeted audience includes industrial and power engineering students and practitioners in energy fields. The young field of robust optimization is reaching maturity in many respects. It is also useful for practitioners, as it provides a number of electricity industry applications described up to working algorithms (in JuliaOpt).

Uncertainty Quantification in Variational Inequalities

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Publisher : CRC Press
ISBN 13 : 1351857665
Total Pages : 334 pages
Book Rating : 4.3/5 (518 download)

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Book Synopsis Uncertainty Quantification in Variational Inequalities by : Joachim Gwinner

Download or read book Uncertainty Quantification in Variational Inequalities written by Joachim Gwinner and published by CRC Press. This book was released on 2021-12-21 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertainty Quantification (UQ) is an emerging and extremely active research discipline which aims to quantitatively treat any uncertainty in applied models. The primary objective of Uncertainty Quantification in Variational Inequalities: Theory, Numerics, and Applications is to present a comprehensive treatment of UQ in variational inequalities and some of its generalizations emerging from various network, economic, and engineering models. Some of the developed techniques also apply to machine learning, neural networks, and related fields. Features First book on UQ in variational inequalities emerging from various network, economic, and engineering models Completely self-contained and lucid in style Aimed for a diverse audience including applied mathematicians, engineers, economists, and professionals from academia Includes the most recent developments on the subject which so far have only been available in the research literature

Electric Power Industry Competition Legislation

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Publisher :
ISBN 13 :
Total Pages : 204 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Electric Power Industry Competition Legislation by : United States. Congress. Senate. Committee on Energy and Natural Resources

Download or read book Electric Power Industry Competition Legislation written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 1999 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Uncertainties in energy markets and their consideration in energy storage evaluation

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Author :
Publisher : KIT Scientific Publishing
ISBN 13 : 3731500469
Total Pages : 260 pages
Book Rating : 4.7/5 (315 download)

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Book Synopsis Uncertainties in energy markets and their consideration in energy storage evaluation by : Keles, Dogan

Download or read book Uncertainties in energy markets and their consideration in energy storage evaluation written by Keles, Dogan and published by KIT Scientific Publishing. This book was released on 2014-05-22 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book successfully illustrates the modeling of electricity prices with the help of stochastic processes. The relatively new phenomenon of negative prices is also integrated into the models. The integration of feed-in from wind power plants in energy models is also very innovative. This approach helps to simulate electricity prices in order to take into account the "merit-order effect of renewable energy". Finally, the models are used for the techno-economic evaluation of energy storages.