Mathematical Modelling of Contemporary Electricity Markets Book

Mathematical Modelling of Contemporary Electricity Markets

  • Author : Athanasios Dagoumas
  • Publisher : Academic Press
  • Release Date : 2021-01-30
  • Genre: Business & Economics
  • Pages : 442
  • ISBN 10 : 9780128218396

Mathematical Modelling of Contemporary Electricity Markets Excerpt :

Mathematical Modelling of Contemporary Electricity Markets reviews major methodologies and tools to accurately analyze and forecast contemporary electricity markets in a ways that is ideal for practitioner and academic audiences. Approaches include optimization, neural networks, genetic algorithms, co-optimization, econometrics, E3 models and energy system models. The work examines how new challenges affect power market modeling, including discussions of stochastic renewables, price volatility, dynamic participation of demand, integration of storage and electric vehicles, interdependence with other commodity markets and the evolution of policy developments (market coupling processes, security of supply). Coverage addresses all major forms of electricity markets: day-ahead, forward, intraday, balancing, and capacity. Provides a diverse body of established techniques suitable for modeling any major aspect of electricity markets Familiarizes energy experts with the quantitative skills needed in competitive electricity markets Reviews market risk for energy investment decisions by stressing the multi-dimensionality of electricity markets

Mathematical Modeling  Simulation and Optimization for Power Engineering and Management Book

Mathematical Modeling Simulation and Optimization for Power Engineering and Management

  • Author : Simone Göttlich
  • Publisher : Springer Nature
  • Release Date : 2021
  • Genre: Electric power
  • Pages : 333
  • ISBN 10 : 9783030627324

Mathematical Modeling Simulation and Optimization for Power Engineering and Management Excerpt :

This edited monograph offers a summary of future mathematical methods supporting the recent energy sector transformation. It collects current contributions on innovative methods and algorithms. Advances in mathematical techniques and scientific computing methods are presented centering around economic aspects, technical realization and large-scale networks. Over twenty authors focus on the mathematical modeling of such future systems with careful analysis of desired properties and arising scales. Numerical investigations include efficient methods for the simulation of possibly large-scale interconnected energy systems and modern techniques for optimization purposes to guarantee stable and reliable future operations. The target audience comprises research scientists, researchers in the R & D field, and practitioners. Since the book highlights possible future research directions, graduate students in the field of mathematical modeling or electrical engineering may also benefit strongly.

Modern Music Inspired Optimization Algorithms for Electric Power Systems Book

Modern Music Inspired Optimization Algorithms for Electric Power Systems

  • Author : Mohammad Kiani-Moghaddam
  • Publisher : Springer
  • Release Date : 2019-05-21
  • Genre: Technology & Engineering
  • Pages : 727
  • ISBN 10 : 9783030120443

Modern Music Inspired Optimization Algorithms for Electric Power Systems Excerpt :

In today’s world, with an increase in the breadth and scope of real-world engineering optimization problems as well as with the advent of big data, improving the performance and efficiency of algorithms for solving such problems has become an indispensable need for specialists and researchers. In contrast to conventional books in the field that employ traditional single-stage computational, single-dimensional, and single-homogeneous optimization algorithms, this book addresses multiple newfound architectures for meta-heuristic music-inspired optimization algorithms. These proposed algorithms, with multi-stage computational, multi-dimensional, and multi-inhomogeneous structures, bring about a new direction in the architecture of meta-heuristic algorithms for solving complicated, real-world, large-scale, non-convex, non-smooth engineering optimization problems having a non-linear, mixed-integer nature with big data. The architectures of these new algorithms may also be appropriate for finding an optimal solution or a Pareto-optimal solution set with higher accuracy and speed in comparison to other optimization algorithms, when feasible regions of the solution space and/or dimensions of the optimization problem increase. This book, unlike conventional books on power systems problems that only consider simple and impractical models, deals with complicated, techno-economic, real-world, large-scale models of power systems operation and planning. Innovative applicable ideas in these models make this book a precious resource for specialists and researchers with a background in power systems operation and planning. Provides an understanding of the optimization problems and algorithms, particularly meta-heuristic optimization algorithms, found in fields such as engineering, economics, management, and operations research; Enhances existing architectures and develops innovative architectures for meta-heuristic music-inspired optimization algorithms in order to deal with compl

The Economics of Electricity Markets Book

The Economics of Electricity Markets

  • Author : Darryl R. Biggar
  • Publisher : John Wiley & Sons
  • Release Date : 2014-07-10
  • Genre: Science
  • Pages : 432
  • ISBN 10 : 9781118775721

The Economics of Electricity Markets Excerpt :

Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced

Managing Energy Risk Book

Managing Energy Risk

  • Author : Markus Burger
  • Publisher : John Wiley & Sons
  • Release Date : 2014-06-23
  • Genre: Business & Economics
  • Pages : 448
  • ISBN 10 : 9781118618585

Managing Energy Risk Excerpt :

An overview of today's energy markets from a multi-commodity perspective As global warming takes center stage in the public and private sectors, new debates on the future of energy markets and electricity generation have emerged around the world. The Second Edition of Managing Energy Risk has been updated to reflect the latest products, approaches, and energy market evolution. A full 30% of the content accounts for changes that have occurred since the publication of the first edition. Practitioners will appreciate this contemporary approach to energy and the comprehensive information on recent market influences. A new chapter is devoted to the growing importance of renewable energy sources, related subsidy schemes and their impact on energy markets. Carbon emissions certificates, post-Fukushima market shifts, and improvements in renewable energy generation are all included. Further, due to the unprecedented growth in shale gas production in recent years, a significant amount of material on gas markets has been added in this edition. Managing Energy Risk is now a complete guide to both gas and electricity markets, and gas-specific models like gas storage and swing contracts are given their due. The unique, practical approach to energy trading includes a comprehensive explanation of the interactions and relations between all energy commodities. Thoroughly revised to reflect recent changes in renewable energy, impacts of the financial crisis, and market fluctuations in the wake of Fukushima Emphasizes both electricity and gas, with all-new gas valuation models and a thorough description of the gas market Written by a team of authors with theoretical and practical expertise, blending mathematical finance and technical optimization Covers developments in the European Union Emissions Trading Scheme, as well as coal, oil, natural gas, and renewables The latest developments in gas and power markets have demonstrated the growing importance of energy risk management for utili

Recent Progress and Modern Challenges in Applied Mathematics  Modeling and Computational Science Book

Recent Progress and Modern Challenges in Applied Mathematics Modeling and Computational Science

  • Author : Roderick Melnik
  • Publisher : Springer
  • Release Date : 2017-09-05
  • Genre: Mathematics
  • Pages : 444
  • ISBN 10 : 9781493969692

Recent Progress and Modern Challenges in Applied Mathematics Modeling and Computational Science Excerpt :

This volume is an excellent resource for professionals in various areas of applications of mathematics, modeling, and computational science. It focuses on recent progress and modern challenges in these areas. The volume provides a balance between fundamental theoretical and applied developments, emphasizing the interdisciplinary nature of modern trends and detailing state-of-the-art achievements in Applied Mathematics, Modeling, and Computational Science. The chapters have been authored by international experts in their respective fields, making this book ideal for researchers in academia, practitioners, and graduate students. It can also serve as a reference in the diverse selected areas of applied mathematics, modelling, and computational sciences, and is ideal for interdisciplinary collaborations.

Trends in Teaching and Learning of Mathematical Modelling Book

Trends in Teaching and Learning of Mathematical Modelling

  • Author : Gabriele Kaiser
  • Publisher : Springer Science & Business Media
  • Release Date : 2011-06-23
  • Genre: Education
  • Pages : 734
  • ISBN 10 : 9789400709102

Trends in Teaching and Learning of Mathematical Modelling Excerpt :

This book contains suggestions for and reflections on the teaching, learning and assessing of mathematical modelling and applications in a rapidly changing world, including teaching and learning environments. It addresses all levels of education from universities and technical colleges to secondary and primary schools. Sponsored by the International Community of Teachers of Mathematical Modelling and Applications (ICTMA), it reflects recent ideas and methods contributed by specialists from 30 countries in Africa, the Americas, Asia, Australia and Europe. Inspired by contributions to the Fourteenth Conference on the Teaching of Mathematical Modelling and Applications (ICTMA14) in Hamburg, 2009, the book describes the latest trends in the teaching and learning of mathematical modelling at school and university including teacher education. The broad and versatile range of topics will stress the international state-of-the-art on the following issues: Theoretical reflections on the teaching and learning of modelling Modelling competencies Cognitive perspectives on modelling Modelling examples for all educational levels Practice of modelling in school and at university level Practices in Engineering and Applications

Social Impacts of Smart Grids Book

Social Impacts of Smart Grids

  • Author : Wadim Strielkowski
  • Publisher : Elsevier
  • Release Date : 2019-10-22
  • Genre: Business & Economics
  • Pages : 342
  • ISBN 10 : 9780128177716

Social Impacts of Smart Grids Excerpt :

Social Impacts of Smart Grids: The Future of Smart Grids and Energy Market Design explores the significant, unexplored societal consequences of our meteoric evolution towards intelligent, responsive and sustainable power generation and distribution systems—the so-called ‘smart grid’. These consequences include new patterns of consumption behavior, systems planning under increasing uncertainty, and the ever- growing complexities involved. The work covers the historical impact of the transformation, examines the changing role of production and consumption behavior, articulates the principles and options for socially responsible smart grid power market design, and explores social acceptance of the smart grid. Where relevant, it examines adjacent literatures from P2P electricity markets, electric vehicles, smart homes and smart cities, and related ‘internet of energy’ developments. Finally, it provides insights into mitigating the likely social consequences of our integrated low-carbon energy future. Evaluates the connections between the concept of sustainability and the social impacts of the smart grids Analyzes emerging trends in smart grids connected with trends towards the sharing economy Investigates environmental degradation awareness and environmental stewardship goals associated with smart grids Explores how to mitigate social challenges with effective smart grid power market design Integrates energy stewardship and social acceptance literatures into the discussion of the smart grid

Grid Modernization     Future Energy Network Infrastructure Book

Grid Modernization Future Energy Network Infrastructure

  • Author : Mohammadreza Daneshvar
  • Publisher : Unknown
  • Release Date : 2021
  • Genre: Energy storage
  • Pages : 280
  • ISBN 10 : 3030641015

Grid Modernization Future Energy Network Infrastructure Excerpt :

This book presents theoretical, technical, and practical information on the modernization of future energy networks. All the basic requirements covering concepts, modeling, optimizing, and analyzing of future energy grids with various energy carriers such as electricity, gas, heat, and water, as well as their markets and contracts, are explained in detail. The main focus of the book is on modernizing both the energy consumers and the energy producers and analyzing various aspects of grid modernization such as reliability, resiliency, stability, and security. Coverage includes advanced communication protocols and solution methods for the Internet of Energy (IoE) infrastructure and energy trading in future energy grids with high/full share of renewable energy resources (RERs) within the transactive energy (TE) paradigm. Probabilistic modeling and optimizing of modern grids will be evaluated using realistic case studies considering the economic aspects of multi-carrier energy markets. This book will be welcomed as an important resource by researchers and postgraduate students studying energy systems, as well as practicing engineers working on modernizing energy grids and the design, planning, scheduling, and operation of smart power systems. Proposes practical solutions for solving the challenges of modern multi-carrier energy grids; Examines various types of energy storage systems and distributed energy resources (DERs) with an emphasis on renewable energy resources (RERs); Provides comprehensive mathematical models for optimizing of future modern multi-carrier energy grids.

Modern Power Systems Analysis Book
Score: 5
From 1 Ratings

Modern Power Systems Analysis

  • Author : Xi-Fan Wang
  • Publisher : Springer Science & Business Media
  • Release Date : 2010-06-07
  • Genre: Technology & Engineering
  • Pages : 561
  • ISBN 10 : 9780387728537

Modern Power Systems Analysis Excerpt :

The capability of effectively analyzing complex systems is fundamental to the operation, management and planning of power systems. This book offers broad coverage of essential power system concepts and features a complete and in-depth account of all the latest developments, including Power Flow Analysis in Market Environment; Power Flow Calculation of AC/DC Interconnected Systems and Power Flow Control and Calculation for Systems Having FACTS Devices and recent results in system stability.

Control Applications in Modern Power System Book

Control Applications in Modern Power System

  • Author : Arun Kumar Singh
  • Publisher : Springer Nature
  • Release Date : 2020-11-26
  • Genre: Technology & Engineering
  • Pages : 535
  • ISBN 10 : 9789811588150

Control Applications in Modern Power System Excerpt :

This book presents select proceedings of the Electric Power and Renewable Energy Conference 2020 (EPREC 2020). This book provides rigorous discussions, case studies, and recent developments in emerging areas of control systems, especially, load frequency control, wide-area monitoring, control & instrumentation, optimization, intelligent control, energy management system, SCADA systems, etc. The contents of this book will be useful to researchers and professionals interested in control theory and its applications to power grids and systems. The book can also be used by policy makers and power engineers involved in power generation and distribution.

Energy Storage in Energy Markets Book

Energy Storage in Energy Markets

  • Author : Behnam Mohammadi-Ivatloo
  • Publisher : Academic Press
  • Release Date : 2021-04-30
  • Genre: Science
  • Pages : 452
  • ISBN 10 : 9780128203835

Energy Storage in Energy Markets Excerpt :

Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce. Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement. Provides integrated techno-economic analysis of energy storage systems and the energy markets Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business Applies advanced methods to the economic integration of large-scale energy storage systems Develops an evaluation framework for energy market storage systems

Local Electricity Markets Book

Local Electricity Markets

  • Author : Tiago Pinto
  • Publisher : Academic Press
  • Release Date : 2021-07-03
  • Genre: Business & Economics
  • Pages : 472
  • ISBN 10 : 9780128226667

Local Electricity Markets Excerpt :

Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. Delineates key components shaping the design and implementation of local electricity market structure Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation

Modern Energy Market Manipulation Book

Modern Energy Market Manipulation

  • Author : Andrew N. Kleit
  • Publisher : Emerald Group Publishing
  • Release Date : 2018-11-15
  • Genre: Business & Economics
  • Pages : 240
  • ISBN 10 : 9781787433854

Modern Energy Market Manipulation Excerpt :

This book explores the important economic and legal questions of market manipulation that have arisen in restructured energy markets, paying particular attention to the actions of the Federal Energy Regulatory Commission.

Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture  ICEDBC 2022  Book

Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture ICEDBC 2022

  • Author : Yushi Jiang
  • Publisher : Springer Nature
  • Release Date : 2023-01-13
  • Genre: Business & Economics
  • Pages : 1905
  • ISBN 10 : 9789464630367

Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture ICEDBC 2022 Excerpt :

This is an open access book. With the support of universities and the research of AEIC Academic Exchange Center, The 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022) will be held in Dali from June 24th to 26th. Compared with previous conferences, it will discuss more in-depth economic independent innovation, open cooperation and innovative business culture under the background of the new development stage, new situation and new journey era. There will be a broad exchange environment. Well-known experts, scholars or entrepreneurs in the field will be invited to make keynote reports. Contributing authors are also very welcome to actively participate in the conference and build an academic exchange ceremony.