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Virtual Power Plants and Electricity Markets: Decision Making Under Uncertainty

✍ Scribed by Luis Baringo, Morteza Rahimiyan


Publisher
Springer International Publishing;Springer
Year
2020
Tongue
English
Leaves
386
Edition
1st ed.
Category
Library

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✦ Synopsis


This textbook provides a detailed analysis of operation and planning problems faced by virtual power plants participating in different electricity markets. The chapters address in-depth, topics such as: optimization, market power, expansion, and modelling uncertainty in operation and planning problems of virtual power plants. The book provides an up-to-date description of decision-making tools to address challenging questions faced by virtual power plants such as:

  • How can virtual power plants optimize their participation in electricity markets?
  • How can a virtual power plant exercise market power?
  • How can virtual power plants be optimally expanded?
  • How can uncertainty be efficiently modelled in the operation and planning problems of virtual power plants?

The book is written in a tutorial style and modular format, and includes many illustrative examples to facilitate comprehension. It is intended for a diverse audience including advanced undergraduate and graduate students in the fields of electric energy systems, operations research, and economics. Practitioners in the energy sector will also benefit from the concepts and techniques presented in this book. In particular, this book:

  • Provides students with the GAMS codes to solve the examples in the book;
  • Provides a basis for the formulation of decision-making problems under uncertainty;
  • Contains a blend of theoretical concepts and practical applications that are developed as working algorithms.


✦ Table of Contents


Front Matter ....Pages i-xii
Virtual Power Plants (Luis Baringo, Morteza Rahimiyan)....Pages 1-7
Virtual Power Plant Model (Luis Baringo, Morteza Rahimiyan)....Pages 9-37
Optimal Scheduling of a Risk-Neutral Virtual Power Plant in Energy Markets (Luis Baringo, Morteza Rahimiyan)....Pages 39-103
Optimal Scheduling of a Risk-Averse Virtual Power Plant in Energy Markets (Luis Baringo, Morteza Rahimiyan)....Pages 105-199
Optimal Scheduling of a Virtual Power Plant in Energy and Reserve Markets (Luis Baringo, Morteza Rahimiyan)....Pages 201-254
Price-Maker Virtual Power Plants (Luis Baringo, Morteza Rahimiyan)....Pages 255-312
Expansion Planning of Virtual Power Plants (Luis Baringo, Morteza Rahimiyan)....Pages 313-346
Back Matter ....Pages 347-381

✦ Subjects


Engineering; Power Electronics, Electrical Machines and Networks; Renewable and Green Energy; Energy Systems; Operations Research/Decision Theory


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