Price-based commitment decisions in the electricity market
Author(s)
Bibliographic Information
Price-based commitment decisions in the electricity market
（Advances in industrial control）
Springer, c1999
- (alk. paper)
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Note
Includes bibliographical references (p. [237]-240) and index
Description and Table of Contents
Description
With major structural changes will need to be thoroughly reexamined. This book discusses decision making for problems where a particular decision affects the options available at the next decision time. The deregulation of the electric utility industry will shift the emphasis from a cost-based to a price-based approach; the resulting occuring in the electric power industry, many long-standing ways of operation increase in uncertainty requires that a stochastic approach be adopted for optimal decision-making. This monograph covers a wide range of topics including dynamic programming, ordinal optimization, price modelling and forecasting, future market decisions, reserve market decisions and decisions in a congested market place.
Table of Contents
- Introduction
- The Unit Commitment Problem
- Unit Commitment in a Deregulated Environment
- Survey of the Dynamic Programming Formulation
- Unit Commitment for an Individual Power Producer
- Price Process of Electricity
- Computational Complexity of Unit Commitment
- Forward Contracts and Futures
- Reserve Markets for Power System Reliability
- Unit Commitment in Congested Transmission Systems.
by "Nielsen BookData"