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Mathematical Modelling of Contemporary Electricity Markets

Mathematical Modelling of Contemporary Electricity Markets

Paperback

Business GeneralGeneral Political Science

ISBN10: 012821838X
ISBN13: 9780128218389
Publisher: Academic Pr Inc
Published: Jan 29 2021
Pages: 442
Weight: 2.25
Height: 0.90 Width: 8.50 Depth: 11.00
Language: English
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.

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Business General