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portada Mathematical Modelling of Contemporary Electricity Markets
Type
Physical Book
Publisher
Year
2021
Language
English
Pages
442
Format
Paperback
ISBN13
9780128218389
Edition No.
1
Categories

Mathematical Modelling of Contemporary Electricity Markets

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Synopsis "Mathematical Modelling of Contemporary Electricity Markets "

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 marketsReviews market risk for energy investment decisions by stressing the multi-dimensionality of electricity markets

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