Decision Making Under Uncertainty in Electricity Markets

Antonio J. Conejo full professor at the Universidad de Castilla – La Mancha, Spain, received the M.S. from MIT and the Ph.D. from the Royal Institute of Technology, Sweden. He has published over 100 papers in prestigious journals and is the author or coauthor of books published by Springer, Wiley, McGraw-Hill and CRC. He has been the principal investigator of many research projects financed by public agencies and the power industry. He is an IEEE Fellow and a member of the editorial board of the IEEE Transactions on Power Systems. Miguel Carrión received the Ingeniero Industrial degree and the PhD degree from the Universidad de Castilla-La Mancha, Ciudad Real, Spain, in 2003 and 2008, respectively. He is currently an Assistant Professor at the Universidad de Castilla-La Mancha, Toledo, Spain. Juan M. Morales received the Ingeniero Industrial degree from the Universidad de Málaga, Spain, in 2006. He is currently working toward the Ph.D. degree at the Universidad de Castilla-La Mancha.

From the reviews: "This book includes a number of stochastic programming models for optimal decision making under uncertainty in electricity markets. ... Being adapted for both teaching and learning purposes, this book contains a lot of examples, the list of references includes 143 works." (Vitali Oscarovich Groppen, Zentralblatt MATH, Vol. 1209, 2011)

• Electricity Markets.- Stochastic Programming Fundamentals.- Uncertainty Characterization via Scenarios.- Risk management.- Producer Pool Trading.- Pool Trading for Wind Power Producers.- Futures Market Trading for Producers.- Medium-Term Retailer Trading.- Energy Procurement by Consumers.- Market Clearing Considering Equipment Failures.- Market Clearing under Uncertainty: Wind Energy.