Studies in Systems, Decision and Control

Electricity Markets with Increasing Levels of Renewable Generation: Structure, Operation, Agent-based Simulation, and Emerging Designs

Editors: Lopes, Fernando, Coelho, Helder (Eds.)

  • Includes recent research on multi-agent energy markets
  • Describes the state-of-the-art on the theory and practice of intelligent agents for liberalized energy markets
  • Brings together researchers and industry practitioners from the areas of intelligent agents and energy markets
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eBook $139.00
price for USA in USD (gross)
  • ISBN 978-3-319-74263-2
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.00
price for USA in USD
  • ISBN 978-3-319-74261-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book describes the common ground between electricity markets (EMs) and software agents (or artificial intelligence generally). It presents an up-to-date introduction to EMs and intelligent agents, and offers a comprehensive description of the research advances and key achievements related to existing and emerging market designs to reliably and efficiently manage the potential challenges of variable generation (VG). Most EMs are unique in their complex relationships between economics and the physics of energy, but were created without the notion that large penetrations of variable generation (VG) would be part of the supply mix. An advanced multi-agent approach simulates the behavior of power markets over time, particularly markets with large-scale penetrations of renewable resources. It is intended as a reference book for researchers, academics and industry practitioners, but given the scope of the chapters and the highly accessible style, the book also provides a coherent foundation for several different graduate courses.

Table of contents (11 chapters)

  • Overview of Wholesale Electricity Markets

    Ela, Erik (et al.)

    Pages 3-21

  • Electricity Markets and Intelligent Agents Part I: Market Architecture and Structure

    Lopes, Fernando

    Pages 23-48

  • Electricity Markets and Intelligent Agents Part II: Agent Architectures and Capabilities

    Lopes, Fernando (et al.)

    Pages 49-77

  • Market Prices in a Power Market with More Than 50% Wind Power

    Skytte, Klaus (et al.)

    Pages 81-94

  • Incentivizing Flexibility in System Operations

    Ela, Erik (et al.)

    Pages 95-127

Buy this book

eBook $139.00
price for USA in USD (gross)
  • ISBN 978-3-319-74263-2
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.00
price for USA in USD
  • ISBN 978-3-319-74261-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Electricity Markets with Increasing Levels of Renewable Generation: Structure, Operation, Agent-based Simulation, and Emerging Designs
Editors
  • Fernando Lopes
  • Helder Coelho
Series Title
Studies in Systems, Decision and Control
Series Volume
144
Copyright
2018
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing AG
eBook ISBN
978-3-319-74263-2
DOI
10.1007/978-3-319-74263-2
Hardcover ISBN
978-3-319-74261-8
Series ISSN
2198-4182
Edition Number
1
Number of Pages
XXVI, 327
Number of Illustrations and Tables
2 b/w illustrations, 67 illustrations in colour
Topics