Download Full eBooks in PDF
New Methods For Energy Market Modelling Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of New Methods For Energy Market Modelling book. This book definitely worth reading, it is an incredibly well-written.
Author : Dominik Möst
Publisher : KIT Scientific Publishing
Page : 142 pages
File Size : 41,9 Mb
Release : 2008
Category : Electric utilities
ISBN : 9783866442382
Author : Athanasios Dagoumas
Publisher : Academic Press
Page : 444 pages
File Size : 43,6 Mb
Release : 2021-01-30
Category : Business & Economics
ISBN : 9780128218396
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
Author : Hassan Qudrat-Ullah
Publisher : Springer
Page : 277 pages
File Size : 52,9 Mb
Release : 2013-10-04
Category : Business & Economics
ISBN : 9781461486060
The roles and applications of various modeling approaches, aimed at improving the usefulness of energy policy models in public decision making, are covered by this book. The development, validation, and applications of system dynamics and agent-based models in service of energy policy design and assessment in the 21st century is a key focus. A number of modeling approaches and models for energy policy, with a particular focus on low-carbon economic development of regions and states are covered. Chapters on system dynamics methodology, model-based theory, fuzzy system dynamics frame-work, and optimization modeling approach are presented, along with several chapters on future research opportunities for the energy policy modeling community. The use of model-based analysis and scenarios in energy policy design and assessment has seen phenomenal growth during the past several decades. In recent years, renewed concerns about climate change and energy security have posed unique modeling challenges. By utilizing the validation techniques and procedures which are effectively demonstrated in these contributions, researchers and practitioners in energy systems domain can increase the appeal and acceptance of their policy models.
Author : Fred Espen Benth,Jurate Saltyte Benth,Steen Koekebakker
Publisher : World Scientific
Page : 352 pages
File Size : 40,6 Mb
Release : 2008
Category : Business & Economics
ISBN : 9789812812308
The markets for electricity, gas and temperature have distinctive features, which provide the focus for countless studies. For instance, electricity and gas prices may soar several magnitudes above their normal levels within a short time due to imbalances in supply and demand, yielding what is known as spikes in the spot prices. The markets are also largely influenced by seasons, since power demand for heating and cooling varies over the year. The incompleteness of the markets, due to nonstorability of electricity and temperature as well as limited storage capacity of gas, makes spot-forward hedging impossible. Moreover, futures contracts are typically settled over a time period rather than at a fixed date. All these aspects of the markets create new challenges when analyzing price dynamics of spot, futures and other derivatives.This book provides a concise and rigorous treatment on the stochastic modeling of energy markets. Ornstein?Uhlenbeck processes are described as the basic modeling tool for spot price dynamics, where innovations are driven by time-inhomogeneous jump processes. Temperature futures are studied based on a continuous higher-order autoregressive model for the temperature dynamics. The theory presented here pays special attention to the seasonality of volatility and the Samuelson effect. Empirical studies using data from electricity, temperature and gas markets are given to link theory to practice.
Author : Steven A. Gabriel,Antonio J. Conejo,J. David Fuller,Benjamin F. Hobbs,Carlos Ruiz
Publisher : Springer Science & Business Media
Page : 637 pages
File Size : 44,7 Mb
Release : 2012-07-20
Category : Business & Economics
ISBN : 9781441961235
This addition to the ISOR series introduces complementarity models in a straightforward and approachable manner and uses them to carry out an in-depth analysis of energy markets, including formulation issues and solution techniques. In a nutshell, complementarity models generalize: a. optimization problems via their Karush-Kuhn-Tucker conditions b. on-cooperative games in which each player may be solving a separate but related optimization problem with potentially overall system constraints (e.g., market-clearing conditions) c. conomic and engineering problems that aren’t specifically derived from optimization problems (e.g., spatial price equilibria) d. roblems in which both primal and dual variables (prices) appear in the original formulation (e.g., The National Energy Modeling System (NEMS) or its precursor, PIES). As such, complementarity models are a very general and flexible modeling format. A natural question is why concentrate on energy markets for this complementarity approach? s it turns out, energy or other markets that have game theoretic aspects are best modeled by complementarity problems. The reason is that the traditional perfect competition approach no longer applies due to deregulation and restructuring of these markets and thus the corresponding optimization problems may no longer hold. Also, in some instances it is important in the original model formulation to involve both primal variables (e.g., production) as well as dual variables (e.g., market prices) for public and private sector energy planning. Traditional optimization problems can not directly handle this mixing of primal and dual variables but complementarity models can and this makes them all that more effective for decision-makers.
Author : Fred Espen Benth,Valery A. Kholodnyi,Peter Laurence
Publisher : Springer Science & Business Media
Page : 318 pages
File Size : 52,9 Mb
Release : 2013-08-28
Category : Business & Economics
ISBN : 9781461472483
Finance and energy markets have been an active scientific field for some time, even though the development and applications of sophisticated quantitative methods in these areas are relatively new—and referred to in a broader context as energy finance. Energy finance is often viewed as a branch of mathematical finance, yet this area continues to provide a rich source of issues that are fuelling new and exciting research developments. Based on a special thematic year at the Wolfgang Pauli Institute (WPI) in Vienna, Austria, this edited collection features cutting-edge research from leading scientists in the fields of energy and commodity finance. Topics discussed include modeling and analysis of energy and commodity markets, derivatives hedging and pricing, and optimal investment strategies and modeling of emerging markets, such as power and emissions. The book also confronts the challenges one faces in energy markets from a quantitative point of view, as well as the recent advances in solving these problems using advanced mathematical, statistical and numerical methods. By addressing the emerging area of quantitative energy finance, this volume will serve as a valuable resource for graduate-level students and researchers studying financial mathematics, risk management, or energy finance.
Author : André B. Dorsman,Kazim Baris Atici,Aydin Ulucan,Mehmet Baha Karan
Publisher : Springer Nature
Page : 283 pages
File Size : 44,5 Mb
Release : 2021-10-12
Category : Business & Economics
ISBN : 9783030849818
This book on Applied Operations Research and Financial Modelling in Energy (AORFME) presents several applications of operations research (OR) and financial modelling. The contributions by a group of OR and Finance researchers focus on a variety of energy decisions, presenting a quantitative perspective, and providing policy implications of the proposed or applied methodologies. The content is divided into three main parts: Applied OR I: Optimization Approaches, Applied OR II: Forecasting Approaches and Financial Modelling: Impacts of Energy Policies and Developments in Energy Markets. The book appeals to scholars in economics, finance and operations research, and to practitioners working in the energy sector. This is the eighth volume in a series of books on energy organized by the Centre for Energy and Value Issues (CEVI). For this volume, CEVI collaborated with Hacettepe University’s Energy Markets Research and Application Center. The previous volumes in the series are: Financial Aspects in Energy (2011), Energy Economics and Financial Markets (2012), Perspectives on Energy Risk (2014), Energy Technology and Valuation Issues (2015), Energy and Finance (2016), Energy Economy, Finance and Geostrategy (2018), and Financial Implications of Regulations in the Energy Industry (2020).
Author : Charles J. Hitch
Publisher : Routledge
Page : 304 pages
File Size : 48,9 Mb
Release : 2015-06-11
Category : Business & Economics
ISBN : 9781317397076
This report, first published in 1977, explores several different approaches to the same question; namely, how severe will be the impact on key U.S. macro-economic variables of the transition from main reliance on oil and natural gas to other sources of energy? This book will be of interest to students of economics and environmental studies.
Author : Ronald Huisman
Publisher : Unknown
Page : 136 pages
File Size : 48,6 Mb
Release : 2009
Category : Energy auditing
ISBN : 1906348227
An Introduction to Models for the Energy Markets provides a clear exposition of the thinking behind the range of models used today in energy finance.
Author : Derek W. Bunn,Erik R. Larsen
Publisher : John Wiley & Sons, Incorporated
Page : 354 pages
File Size : 52,9 Mb
Release : 1997-07-07
Category : Business & Economics
ISBN : STANFORD:36105019330088
Energy is a sector where there has always been a serious modelling tradition, but with the worldwide trend away from planned economies to new market structures, the risk, uncertainties and competitive aspects which need to be incorporated pose new challenges to analyse strategic as well as economic behaviour. Systems Modelling for Energy Policy addresses the strong and apparently countervailing themes dominating energy policy in the current decade: concerns about global warming have stimulated an intense and methodologically diverse level of analytical activity aimed ultimately at greater international co-ordination in policy and planning simultaneously we are witnessing a worldwide trend away from planned national energy policies to new market structures To accommodate these shifts in focus, more comprehensive analytical procedures are needed to address technical challenges in handling large models whilst smaller, policy-specific behavioural models may give greater insight to the strategic challenges involved in maintaining focus on key industry restructuring issues for which past data is not available. This volume provides a comprehensive and up-to-date reference to the range of issues and modelling alternatives that a systems perspective gives to the analysis of energy policy. Practitioners, analysts and researchers will find new studies and comparative modelling insights in this book which are not easily accessed elsewhere.
Author : Alexander Eydeland,Krzysztof Wolyniec
Publisher : John Wiley & Sons
Page : 506 pages
File Size : 47,9 Mb
Release : 2003-02-03
Category : Business & Economics
ISBN : 9780471455875
Praise for Energy and Power Risk Management "Energy and Power Risk Management identifies and addresses the key issues in the development of the turbulent energy industry and the challenges it poses to market players. An insightful and far-reaching book written by two renowned professionals." -Helyette Geman, Professor of Finance University Paris Dauphine and ESSEC "The most up-to-date and comprehensive book on managing energy price risk in the natural gas and power markets. An absolute imperative for energy traders and energy risk management professionals." -Vincent Kaminski, Managing Director Citadel Investment Group LLC "Eydeland and Wolyniec's work does an excellent job of outlining the methods needed to measure and manage risk in the volatile energy market." -Gerald G. Fleming, Vice President, Head of East Power Trading, TXU Energy Trading "This book combines academic rigor with real-world practicality. It is a must-read for anyone in energy risk management or asset valuation." -Ron Erd, Senior Vice President American Electric Power
Author : Mohan Munasinghe,Peter Meier
Publisher : Cambridge University Press
Page : 378 pages
File Size : 51,9 Mb
Release : 1993-08-26
Category : Business & Economics
ISBN : 0521363268
Energy plays a vital role in economic and social development. The analysis of energy issues and policy options is therefore a vital area of study. This book presents a hierarchical modelling scheme intended to support energy planning and policy analysis in developing countries. The authors introduce the concept of 'Integrated National energy Planning' (INEP), and examine the spreadsheet models, optimization models, and linear planning models which energy planners use. Environmental considerations are also introduced into the analysis. Techniques are then applied to two important energy subsectors, electricity and fuelwood, before problems of integration and policy implementation are discussed. Throughout the book, the authors examine actual practice in developing countries. Illustrative case material is drawn from Egypt, West Africa, Sudan, Pakistan, Colombia, India, Sri Lanka and Morocco. This book will be of interest to students and practitioners of energy planning, and to those concerned with the wider development implications of energy policy.
Author : Milton F. Searl
Publisher : Routledge
Page : 449 pages
File Size : 52,7 Mb
Release : 2016-03-22
Category : Nature
ISBN : 9781317359005
In 1973, a seminar was held by Resources for the Future to bring together the new and growing community of scholars researching into the general field of energy modelling. Originally published in the same year, this report gathers together all of the papers presented at that seminar in order to further spread the results of these studies with those who were unable to attend. The papers cover a full range of techniques used for energy modelling whilst commenting on current government and industry models. This title will be of interest to students of Environmental Studies.
Author : Behnam Mohammadi-Ivatloo,Amin Mohammadpour Shotorbani,Amjad Anvari-Moghaddam
Publisher : Academic Press
Page : 452 pages
File Size : 54,9 Mb
Release : 2021-04-30
Category : Science
ISBN : 9780128203835
Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce. Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement. Provides integrated techno-economic analysis of energy storage systems and the energy markets Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business Applies advanced methods to the economic integration of large-scale energy storage systems Develops an evaluation framework for energy market storage systems
Author : Sayyad Nojavan,Kazem Zare
Publisher : Springer Nature
Page : 274 pages
File Size : 43,7 Mb
Release : 2020-03-10
Category : Business & Economics
ISBN : 9783030369798
This book analyzes new electricity pricing models that consider uncertainties in the power market due to the changing behavior of market players and the implementation of renewable distributed generation and responsive loads. In-depth chapters examine the different types of market players including the generation, transmission, and distribution companies, virtual power plants, demand response aggregators, and energy hubs and microgrids. Expert authors propose optimal operational models for short-term performance and scheduling and present readers with solutions for pricing challenges in uncertain environments. This book is useful for engineers, researchers and students involved in integrating demand response programs into smart grids and for electricity market operation and planning. Proposes optimal operation models; Discusses the various players in today's electricity markets; Describes the effects of demand response programs in smart grids.
