Screen LibraryDecision making under uncertainty in electricity markets
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| Main Authors: | |
|---|---|
| Corporate Authors: | |
| Group Author: | ; |
| Published: |
Springer,
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| Publisher Address: | New York |
| Publication Dates: | c2010. |
| Literature type: | Book |
| Language: | English |
| Series: |
International series in operations research & management science |
| Subjects: | |
| Online Access: |
http://dx.doi.org/10.1007/978-1-4419-7421-1 |
| Carrier Form: | 1 online resource (xvii, 539 p.): ill. |
| ISBN: |
9781441974211 (electronic bk.) 1441974210 (electronic bk.) |
| Index Number: | F407 |
| CLC: | F407.6 |
| Contents: |
Includes bibliographical references and index. Decision Making UnderUncertainty in ElectricityMarkets; Preface; Contents; Chapter 1 Electricity Markets; Chapter 2 Stochastic Programming Fundamentals; Chapter 3 Uncertainty Characterization via Scenarios; Chapter 4 Risk management; Chapter 5 Producer Pool Trading; Chapter 6 Pool Trading for Wind Power Producers; Chapter 7 Futures Market Trading for Producers; Chapter 8 Medium-Term Retailer Trading; Chapter 9 Energy Procurement by Consumers; Chapter 10 Market Clearing Considering Equipment Failures; Chapter 11 Market Clearing under Uncertainty: Wind Energy; Appendix A GAMS codes 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. |