Title
Integrating renewables in electricity markets [electronic resource] : operational problems / Juan M. Morales, [and 4 others].
ISBN
9781461494119 electronic book
1461494117 electronic book
9781461494102
1461494109
Published
New York : Springer, [2014]
Language
English
Description
1 online resource (xvi, 429 pages) : illustrations (some color).
Call Number
HD9685.A2 M67 2014
Dewey Decimal Classification
333.79323
Summary
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.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Description based on print version record.
Series
International series in operations research & management science ; 205.
Available in Other Form
Original 1461494109
Introduction
Renewable Energy Sources
Modeling and Forecasting
Clearing the Day-Ahead Market with a High Penetration of Stochastic Production
Balancing Markets
Managing Uncertainty with Flexibility
Impact of Stochastic Renewable Energy Generation on Market Quantities
Trading Stochastic Production in Electricity Pools
Virtual Power Plants
Facilitating Renewable Integration by Demand Response
Random Variables and Stochastic Processes
Basics of Optimization
Introduction to Stochastic Programming
Introduction to Robust Optimization
GAMS Codes
