Decision making under uncertainty in electricity markets (Q992772)

This book includes a number of stochastic programming models for optimal decision making under uncertainty in electricity markets. Risk control is embedded into most of the presented models, which involve producers, retailers, consumers, and the market/system operators. Particular attention is paid to electric energy systems with a large integration of non-dispatchable sources, such as wind power plants. The authors also concentrate on electric energy long-term markets, such as futures markets. To clear a day-ahead electricity market involving both energy and reserve, they describe a multicommodity market-clearing procedure based on stochastic programming. Being adapted for both teaching and learning purposes, this book contains a lot of examples, the list of references includes 143 works.