- 442 pages
- English
- ePUB (mobile friendly)
- Only available on web
Mathematical Modelling of Contemporary Electricity Markets
About This Book
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
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Table of contents
- Cover image
- Title page
- Table of Contents
- Copyright
- Contributors
- Preface
- Introduction
- Part I: Modelling market fundamentals of electricity markets
- Part II: Modelling electricity markets
- Part III: Modelling technology challenges in electricity market
- Part IV: Modelling policy challenges in electricity markets
- Index