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Optimization Models in Electricity Markets

Authors

Anthony Papavasiliou
, National Technical University of Athens
Published 2024

Description

Get up-to-speed with the fundamentals of how electricity markets are structured and operated with this comprehensive textbook, presenting coverage of key topics in electricity market design, including power system and power market operations, transmission, unit commitment, demand response, and risk management. It includes over 140 practical examples, inspired by real-industry applications, connecting key theoretical concepts to practical scenarios in electricity market design, and features over 100 coding-based examples and exercises, with selected solutions for readers. It further demonstrates how mathematical…

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Key features

  • Provides a unified treatment of the topic spanning power systems engineering and economic design, using the common language of mathematical programming
  • Addresses real-time and hour-ahead operations and month-ahead, year-ahead and long-term multi-year decision problems
  • Demonstrates underlying market design issues using comparisons between US and European markets, and contemporary issues in energy

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