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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.

This textbook provides a detailed analysis of operation and planning problems faced by virtual power plants participating in different electricity markets.

Power System Operation and Planning under Uncertainty provides the mathematical models and tools needed to plan and operate future power systems.

Power System Operation and Planning under Uncertainty provides the mathematical models and tools needed to plan and operate future power systems.

This book provides an in-depth analysis of investment problems pertaining to electric energy infrastructure, including both generation and transmission facilities. The analysis encompasses decision-making tools for expansion planning, reinforcement, and the selection and timing of investment options.In this regard, the book provides an up-to-date description of analytical tools to address challenging investment questions such as:How can we expand and/or reinforce our aging electricity transmission infrastructure?How can we expand the transmission network of a given region to integrate significant amounts of renewable generation?How can we expand generation facilities to achieve a low-carbon electricity production system?How can we expand the generation system while ensuring appropriate levels of flexibility to accommodate both demand-related and production-related uncertainties?How can we chooseamong alternative production facilities?What is the right time to invest in a given production or transmission facility?Written in a tutorial style and modular format, the book includes a wealth of illustrative examples to facilitate comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, operations research, management science, and economics. Practitioners in the electric energy sector will also benefit from the concepts and techniques presented here.

This textbook provides a detailed description of operation problems in power systems, including power system modeling, power system steady-state operations, power system state estimation, and electricity markets. The book provides an appropriate blend of theoretical background and practical applications, which are developed as working algorithms, coded in Octave (or Matlab) and GAMS environments.  This feature strengthens the usefulness of the book for both students and practitioners. Students will gain an insightful understanding of current power system operation problems in engineering, including: (i) the formulation of decision-making models, (ii) the familiarization with efficient solution algorithms for such models, and (iii) insights into these problems through the detailed analysis of numerous illustrative examples. The authors use a modern, “building-block” approach to solving complex problems, making the topic accessible to students with limited background in power systems. Solved examples are used to introduce new concepts and each chapter ends with a set of exercises.

This book provides an in-depth analysis of investment problems pertaining to electric energy infrastructure, including both generation and transmission facilities. The analysis encompasses decision-making tools for expansion planning, reinforcement, and the selection and timing of investment options.In this regard, the book provides an up-to-date description of analytical tools to address challenging investment questions such as:How can we expand and/or reinforce our aging electricity transmission infrastructure?How can we expand the transmission network of a given region to integrate significant amounts of renewable generation?How can we expand generation facilities to achieve a low-carbon electricity production system?How can we expand the generation system while ensuring appropriate levels of flexibility to accommodate both demand-related and production-related uncertainties?How can we chooseamong alternative production facilities?What is the right time to invest in a given production or transmission facility?Written in a tutorial style and modular format, the book includes a wealth of illustrative examples to facilitate comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, operations research, management science, and economics. Practitioners in the electric energy sector will also benefit from the concepts and techniques presented here.