integrating renewables in electricity markets operational problems 205 international series in operations research management science

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Integrating Renewables In Electricity Markets

Author : Juan M. Morales
ISBN : 9781461494119
Genre : Business & Economics
File Size : 21. 74 MB
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This addition to the ISOR series addresses the analytics of the operations of electric energy systems with increasing penetration of stochastic renewable production facilities, such as wind- and solar-based generation units. As stochastic renewable production units become ubiquitous throughout electric energy systems, an increasing level of flexible backup provided by non-stochastic units and other system agents is needed if supply security and quality are to be maintained. Within the context above, this book provides up-to-date analytical tools to address challenging operational problems such as: • The modeling and forecasting of stochastic renewable power production. • The characterization of the impact of renewable production on market outcomes. • The clearing of electricity markets with high penetration of stochastic renewable units. • The development of mechanisms to counteract the variability and unpredictability of stochastic renewable units so that supply security is not at risk. • The trading of the electric energy produced by stochastic renewable producers. • The association of a number of electricity production facilities, stochastic and others, to increase their competitive edge in the electricity market. • The development of procedures to enable demand response and to facilitate the integration of stochastic renewable units. This book is written in a modular and tutorial manner and includes many illustrative examples to facilitate its comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, applied mathematics and economics. Practitioners in the electric energy sector will benefit as well from the concepts and techniques explained in this book.

Big Data In Engineering Applications

Author : Sanjiban Sekhar Roy
ISBN : 9789811084768
Genre : Computers
File Size : 60. 93 MB
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This book presents the current trends, technologies, and challenges in Big Data in the diversified field of engineering and sciences. It covers the applications of Big Data ranging from conventional fields of mechanical engineering, civil engineering to electronics, electrical, and computer science to areas in pharmaceutical and biological sciences. This book consists of contributions from various authors from all sectors of academia and industries, demonstrating the imperative application of Big Data for the decision-making process in sectors where the volume, variety, and velocity of information keep increasing. The book is a useful reference for graduate students, researchers and scientists interested in exploring the potential of Big Data in the application of engineering areas.

Decision Making Under Uncertainty In Electricity Markets

Author : Antonio J. Conejo
ISBN : 1441974210
Genre : Business & Economics
File Size : 59. 39 MB
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Decision Making Under Uncertainty in Electricity Markets provides models and procedures to be used by electricity market agents to make informed decisions under uncertainty. These procedures rely on well established stochastic programming models, which make them efficient and robust. Particularly, these techniques allow electricity producers to derive offering strategies for the pool and contracting decisions in the futures market. Retailers use these techniques to derive selling prices to clients and energy procurement strategies through the pool, the futures market and bilateral contracting. Using the proposed models, consumers can derive the best energy procurement strategies using the available trading floors. The market operator can use the techniques proposed in this book to clear simultaneously energy and reserve markets promoting efficiency and equity. The techniques described in this book are of interest for professionals working on energy markets, and for graduate students in power engineering, applied mathematics, applied economics, and operations research.

The Power Of Renewables

Author : Policy and Global Affairs
ISBN : 9780309160001
Genre : Science
File Size : 21. 82 MB
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The United States and China are the world's top two energy consumers and, as of 2010, the two largest economies. Consequently, they have a decisive role to play in the world's clean energy future. Both countries are also motivated by related goals, namely diversified energy portfolios, job creation, energy security, and pollution reduction, making renewable energy development an important strategy with wide-ranging implications. Given the size of their energy markets, any substantial progress the two countries make in advancing use of renewable energy will provide global benefits, in terms of enhanced technological understanding, reduced costs through expanded deployment, and reduced greenhouse gas (GHG) emissions relative to conventional generation from fossil fuels. Within this context, the U.S. National Academies, in collaboration with the Chinese Academy of Sciences (CAS) and Chinese Academy of Engineering (CAE), reviewed renewable energy development and deployment in the two countries, to highlight prospects for collaboration across the research to deployment chain and to suggest strategies which would promote more rapid and economical attainment of renewable energy goals. Main findings and concerning renewable resource assessments, technology development, environmental impacts, market infrastructure, among others, are presented. Specific recommendations have been limited to those judged to be most likely to accelerate the pace of deployment, increase cost-competitiveness, or shape the future market for renewable energy. The recommendations presented here are also pragmatic and achievable.

Storing Energy

Author : Trevor M. Letcher
ISBN : 9780128034491
Genre : Science
File Size : 66. 52 MB
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Energy Storage discusses the needs of the world’s future energy and climate change policies, covering the various types of renewable energy storage in one comprehensive volume that allows readers to conveniently compare the different technologies and find the best process that suits their particularly needs. Each chapter is written by an expert working in the field and includes copious references for those wishing to study the subject further. Various systems are discussed, including mechanical/kinetic, thermal, electrochemical and other chemical, as well as other emerging technologies. Incorporating the advancements in storing energy as described in this book will help the people of the world further overcome the problems related to future energy and climate change. Covers most types of energy storage that is being considered today, and allows comparisons to be made Each chapter is written by a world expert in the field, providing the latest developments is this fast moving and vital field Covers technical, environmental, social and political aspects related to the storing of energy and in particular renewable energy

Location Science

Author : Gilbert Laporte
ISBN : 9783319131115
Genre : Business & Economics
File Size : 61. 7 MB
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This comprehensive and clearly structured book presents essential information on modern Location Science. The book is divided into three parts: basic concepts, advanced concepts and applications. Written by the most respected specialists in the field and thoroughly reviewed by the editors, it first lays out the fundamental problems in Location Science and provides the reader with basic background information on location theory. Part II covers advanced models and concepts, broadening and expanding on the content presented in Part I. It provides the reader with important tools to help them understand and solve real-world location problems. Part III is dedicated to linking Location Science with other areas like GIS, telecommunications, healthcare, rapid transit networks, districting problems and disaster events, presenting a wide range of applications. This part enables the reader to understand the role of facility location in such areas, as well as to learn how to handle realistic location problems. The book is intended for researchers working on theory and applications involving location problems and models. It is also suitable as a textbook for graduate courses on facility location.

Modeling And Simulation Of Smart Grid Integrated With Hybrid Renewable Energy Systems

Author : Mohamed Abdelaziz Mohamed
ISBN : 9783319647951
Genre : Computers
File Size : 51. 19 MB
Format : PDF, Kindle
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This book presents a comprehensive definition of smart grids and their benefits, and compares smart and traditional grids. It also introduces a design methodology for stand-alone hybrid renewable energy system with and without applying the smart grid concepts for comparison purposes. It discusses using renewable energy power plants to feed loads in remote areas as well as in central power plants connected to electric utilities. Smart grid concepts used in the design of the hybrid renewable power systems can reduce the size of components, which can be translated to a reduction in the cost of generated energy. The proposed hybrid renewable energy system includes wind, photovoltaic, battery, and diesel, and is used initially to feed certain loads, covering the load required completely. The book introduces a novel methodology taking the smart grid concept into account by dividing the loads into high and low priority parts. The high priority part should be supplied at any generated conditions. However, the low priority loads can be shifted to the time when the generated energy from renewable energy sources is greater than the high priority loads requirements. The results show that the use of this smart grid concept reduces the component size and the cost of generated energy compared to that without dividing the loads. The book also describes the use of smart optimization techniques like particle swarm optimization (PSO) and genetic algorithm (GA) to optimally design the hybrid renewable energy system. This book provides an excellent background to renewable energy sources, optimal sizing and locating of hybrid renewable energy sources, the best optimization methodologies for sizing and designing the components of hybrid renewable energy systems, and offers insights into using smart grid concepts in the system’s design and sizing. It also helps readers understand the dispatch methodology and how to connect the system’s different components, their modeling, and the cost analysis of the system.

Power System Operations

Author : Antonio J. Conejo
ISBN : 9783319694078
Genre : Technology & Engineering
File Size : 64. 74 MB
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This textbook provides a detailed description of operation problems in power systems, including power system modeling, power system steady-state operations, power system state estimation, and electricity markets. The book provides an appropriate blend of theoretical background and practical applications, which are developed as working algorithms, coded in Octave (or Matlab) and GAMS environments. This feature strengthens the usefulness of the book for both students and practitioners. Students will gain an insightful understanding of current power system operation problems in engineering, including: (i) the formulation of decision-making models, (ii) the familiarization with efficient solution algorithms for such models, and (iii) insights into these problems through the detailed analysis of numerous illustrative examples. The authors use a modern, “building-block” approach to solving complex problems, making the topic accessible to students with limited background in power systems. Solved examples are used to introduce new concepts and each chapter ends with a set of exercises.

Distributed Generation And Its Implications For The Utility Industry

Author : Fereidoon P. Sioshansi
ISBN : 0128002409
Genre : Technology & Engineering
File Size : 60. 1 MB
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Distributed Generation and its Implications for the Utility Industry examines the current state of the electric supply industry; the upstream and downstream of the meter; the various technological, business, and regulatory strategies; and case studies that look at a number of projects that put new models into practice. A number of powerful trends are beginning to affect the fundamentals of the electric utility business as we know it. Recent developments have led to a fundamental re-thinking of the electric supply industry and its traditional method of measuring consumption on a volumetric basis. These developments include decreasing electricity demand growth; the rising cost of fossil fuels and its impact on electricity costs; investment in energy efficiency; increasing numbers of prosumers who generate for some or all of their own needs; and market reforms. This book examines the implications of these trends in chapters focusing on distributed and decentralized generation, transactive energy, the role of electric vehicles, any much more. Discusses the technological, business, and policy trends most impacting the electric utility sector Provides an assessment of how fast and how soon distributed energy resources may make an impact on utility sales/revenues Explores, through a series of international case studies, the implementation of strategies that may help retain the viability of the utility industry Features contributions from a number of scholars, academics, experts and practitioners from different parts of the world focused on examining the future of the electric supply industry

Service Science

Author : Robin G. Qiu
ISBN : 9781118551851
Genre : Technology & Engineering
File Size : 34. 39 MB
Format : PDF
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Features coverage of the service systems lifecycle, including service marketing, engineering, delivery, quality control, management, and sustainment Featuring an innovative and holistic approach, Service Science: The Foundations of Service Engineering and Management provides a new perspective of service research and practice. The book presents a practical approach to the service systems lifecycle framework, which aids in understanding and capturing market trends; analyzing the design and engineering of service products and delivery networks; executing service operations; and controlling and managing the service lifecycles for competitive advantage. Utilizing a combined theoretical and practical approach to discuss service science, Service Science: The Foundations of Service Engineering and Management also features: Case studies to illustrate how the presented theories and design principles are applied in practice to the definitions of fundamental service laws, including service interaction and socio-technical natures Computational thinking and system modeling such as abstraction, digitalization, holistic perspectives, and analytics Plentiful examples of service organizations such as automobile after-sale services, global project management networks, and express delivery services An interdisciplinary emphasis that includes integrated approaches from the fields of mathematics, engineering, industrial engineering, business, operations research, and management science A detailed analysis of the key concepts and body of knowledge for readers to master the foundations of service management Service Science: The Foundations of Service Engineering and Management is an ideal reference for practitioners in the contemporary service engineering and management field as well as researchers in applied mathematics, statistics, business/management science, operations research, industrial engineering, and economics. The book is also appropriate as a text for upper-undergraduate and graduate-level courses in industrial engineering, operations research, and management science as well as MBA students studying service management.

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