Mathematical Modelling of Contemporary Electricity Markets

Mathematical Modelling of Contemporary Electricity Markets is a book that reviews methodologies and tools to accurately analyze and forecast electricity markets, including optimization, neural networks, genetic algorithms, co-optimization, econometrics, E3 models, and energy system models. It discusses new challenges such as stochastic renewables, price volatility, dynamic participation of demand, integration of storage and electric vehicles, interdependence with other commodity markets, and policy developments. Coverage includes all major forms of electricity markets.

Format: Paperback / softback
Length: 442 pages
Publication date: 29 January 2021
Publisher: Elsevier Science Publishing Co Inc

Mathematical Modelling of Contemporary Electricity Markets is a comprehensive guide that delves into the most effective methodologies and tools for accurately analyzing and forecasting contemporary electricity markets, catering to both practitioner and academic audiences. This insightful work explores a range of approaches, including optimization, neural networks, genetic algorithms, co-optimization, econometrics, E3 models, and energy system models, to unravel the complexities of these markets. By examining how new challenges impact power market modeling, the book sheds light on topics such as 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).

The coverage of this text extends to all major forms of electricity markets, including day-ahead, forward, intraday, balancing, and capacity. Each chapter provides a detailed exploration of the relevant methodologies and tools, enabling readers to gain a deep understanding of the dynamics and challenges of contemporary electricity markets. Whether you are a professional involved in the energy industry or a student seeking to expand your knowledge in this field, Mathematical Modelling of Contemporary Electricity Markets is an invaluable resource that will help you stay ahead of the curve.

In conclusion, this comprehensive guide offers a valuable perspective on mathematical modeling of contemporary electricity markets, providing practitioners and academics with the tools and knowledge necessary to navigate these complex markets effectively. By examining the latest methodologies and tools, as well as the impact of new challenges, the book enables readers to gain a deeper understanding of the dynamics and opportunities in the electricity sector.

Weight: 1214g
Dimension: 214 x 275 x 30 (mm)
ISBN-13: 9780128218389