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This textbook provides a detailed analysis of operation and planning problems faced by virtual power plants participating in different electricity markets. The chapters address in-depth, topics such as: optimization, market power, expansion, and modelling uncertainty in operation and planning problems of virtual power plants. The book provides an up-to-date description of decision-making tools to address challenging questions faced by virtual power plants such as:

The book is written in a tutorial style and modular format, and includes many illustrative examples to facilitate comprehension. It is intended for a diverse audience including advanced undergraduate and graduate students in the fields of electric energy systems, operations research, and economics. Practitioners in the energy sector will also benefit from the concepts and techniques presented in this book. In particular, this book:

Power System Operation and Planning under Uncertainty provides the mathematical models and tools needed to plan and operate future power systems. It discusses the challenging task of the integration of a high penetration of renewable energies and electric vehicles within existing power systems.

This book explores the uncertainty faced by power systems that is associated with the evolution of capital costs, technical developments of immature renewable technologies and energy storage systems, the number of electrical vehicles, and the participation of electricity end users in demand response programs. It helps provide solutions, and points to areas of further research that will help resolve.

The models, tools and techniques described in this book are of interest for researches of energy systems, professionals working as power system planners or operators, and for graduate students in power engineering and operations research.