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Virtual Power Plants and Electricity Markets

Decision Making Under Uncertainty

  • Provides students with the GAMS codes to solve the examples in the book;

  • Provides a basis for the formulation of decision-making problems under uncertainty;

  • Contains a blend of theoretical concepts and practical applications that are developed as working algorithms.

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xii
  2. Virtual Power Plants

    • Luis Baringo, Morteza Rahimiyan
    Pages 1-7
  3. Virtual Power Plant Model

    • Luis Baringo, Morteza Rahimiyan
    Pages 9-37
  4. Price-Maker Virtual Power Plants

    • Luis Baringo, Morteza Rahimiyan
    Pages 255-312
  5. Expansion Planning of Virtual Power Plants

    • Luis Baringo, Morteza Rahimiyan
    Pages 313-346
  6. Correction to: Virtual Power Plant Model

    • Luis Baringo, Morteza Rahimiyan
    Pages C1-C1
  7. Back Matter

    Pages 347-381

About this book

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:

  • How can virtual power plants optimize their participation in electricity markets?
  • How can a virtual power plant exercise market power?
  • How can virtual power plants be optimally expanded?
  • How can uncertainty be efficiently modelled in the operation and planning problems of virtual power plants?

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:

  • Provides students with the GAMS codes to solve the examples in the book; 
  • Provides a basis for the formulation of decision-making problems under uncertainty;
  • Contains a blend of theoretical concepts and practical applications that are developed as working algorithms.


Authors and Affiliations

  • Escuela Técnica Superior de Ingeniería Industrial, Universidad de Castilla-La Mancha, Ciudad Real, Spain

    Luis Baringo

  • Department of Electrical Engineering, Shahrood University of Technology, Shahrood, Iran

    Morteza Rahimiyan

About the authors

Luis Baringo, Associate Professor at the Universidad de Castilla-La Mancha, Ciudad Real, Spain,

received the Industrial Engineering degree and the Ph.D. in Electrical Engineering from the

Universidad de Castilla-La Mancha, Spain, in 2009 and 2013, respectively. In 2014, he was a

postdoctoral researcher at the Power Systems Laboratory, ETH Zurich, Switzerland. He has

published over 20 papers in SCI journals and is the author of two textbooks published by Springer.

He is an IEEE Senior Member.

 

Morteza Rahimiyan, Associate Professor at the Shahrood University of Technology, Shahrood,

Iran, received the B.Sc. degree from the Isfahan University of Technology, Isfahan, Iran, in

2003, as well as the M.Sc. and the Ph.D. (with honors) from the Ferdowsi University of

Mashhad, Mashhad, Iran in 2006 and 2011, respectively, all in electrical engineering. In 2010,

he was a visiting researcher at the Universidad de Castilla-La Mancha, Ciudad Real, Spain. He

has published more than 15 papers in SCI journals. He is an IEEE Member.


Bibliographic Information

  • Book Title: Virtual Power Plants and Electricity Markets

  • Book Subtitle: Decision Making Under Uncertainty

  • Authors: Luis Baringo, Morteza Rahimiyan

  • DOI: https://doi.org/10.1007/978-3-030-47602-1

  • Publisher: Springer Cham

  • eBook Packages: Energy, Energy (R0)

  • Copyright Information: Springer Nature Switzerland AG 2020

  • Hardcover ISBN: 978-3-030-47601-4Published: 04 September 2020

  • Softcover ISBN: 978-3-030-47604-5Published: 04 September 2021

  • eBook ISBN: 978-3-030-47602-1Published: 03 September 2020

  • Edition Number: 1

  • Number of Pages: XII, 381

  • Number of Illustrations: 28 b/w illustrations, 155 illustrations in colour

  • Topics: Power Electronics, Electrical Machines and Networks, Renewable and Green Energy, Energy Systems, Operations Research/Decision Theory

Buy it now

Buying options

eBook USD 69.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 89.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 119.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access