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Beschreibung
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.
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.
Über den Autor
Juan M. Morales received his [...]. degree in Industrial Engineering from the University of Málaga and his Ph.D. in Electrical Engineering from the University of Castilla - La Mancha, Spain. Since 2013 he is an associate professor in Stochastic Optimization in Energy Systems in the Department of Applied Mathematics and Computer Science at the Technical University of Denmark. His research interests include mathematical programming and techniques of optimization under uncertainty, decision making, hierarchical optimization, renewable energies and energy economics.
Antonio J. Conejo received the M.S. degree from Massachusetts Institute of Technology, Cambridge, MA, in 1987 and the Ph.D. degree from the Royal Institute of Technology, Stockholm, Sweden, in 1990. He is currently Professor of Electrical Engineering at the Universidad de Castilla - La Mancha, Ciudad Real, Spain.
Henrik Madsen received his [...]. (1982) and PhD (1986) in Statistics from the Technical University of Denmark (DTU). His research interests include forecasting of wind and solar power, time series analysis, and estimation of parameters in stochastic differential equations for physical modeling. Since 1999 he has been a full professor in Stochastic Dynamical Systems.
Pierre Pinson received his [...]. in Applied Mathematics from the National Institute of Applied Sciences, Toulouse, and his Ph.D. in Energetics from the Ecole des Mines de Paris. He is the Professor in Modelling of Electricity Markets at the Technical University of Denmark, Dpt. of Electrical Engineering. His research interests include statistical modelling; forecasting; stochastic optimization; decision making under uncertainty; renewable energies; meteorology; energy management; and energy trading.
Marco Zugno received the [...]. degree in Electrical Engineering from the Technical University of Denmark (DTU) and the [...]. degree in Automation Engineering from the University of Padua, Italy. He holdsa Ph.D. degree obtained from the department of Applied Mathematics and Computer Science at DTU. He is currently a postdoctoral researcher with the same department. His research interests include electricity market modeling; stochastic programming; robust optimization; and hierarchical optimization.
Zusammenfassung

Addresses essentially all operational problems that arise in electricity markets

Applications encompass areas in applied mathematics and business, as well as electrical and energy engineering

Conejo is known worldwide and a leader in the field electricity markets

Inhaltsverzeichnis
Electricity Markets.- Stochastic Programming Fundamentals.- Uncertainty Characterization via Scenarios.- Risk management.- Producer Pool Trading.- Pool Trading for Wind Power Producers.- Futures Market Trading for Producers.- Medium-Term Retailer Trading.- Energy Procurement by Consumers.- Market Clearing Considering Equipment Failures.- Market Clearing under Uncertainty: Wind Energy.
Details
Erscheinungsjahr: 2012
Fachbereich: Allgemeines
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Reihe: International Series in Operations Research & Management Science
Inhalt: xviii
542 S.
ISBN-13: 9781461426783
ISBN-10: 1461426782
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Conejo, Antonio J.
Carrión, Miguel
Morales, Juan M.
Hersteller: Springer
International Series in Operations Research & Management Science
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 235 x 155 x 30 mm
Von/Mit: Antonio J. Conejo (u. a.)
Erscheinungsdatum: 05.11.2012
Gewicht: 0,838 kg
Artikel-ID: 106171295