Decision Making Under Uncertainty in Electricity Markets

• Main Authors: Conejo, Antonio J. (Author), Carrin̤, Miguel. (Author), Morales, Juan M. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: Boston, MA : Springer US, 2010.
• Series: International Series in Operations Research & Management Science, 153
• Subjects: Economics.; Operations research.; Production of electric energy or power.; Finance.; Economics/Management Science.; Operations Research/Decision Theory.; Power Electronics, Electrical Machines and Networks.; Financial Economics.; Operations Research, Mathematical Programming.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-1-4419-7421-1

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, t...

Table of Contents:

• 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
• GAMS Codes
• 24-Node System Data
• Exercise Solutions.