Optimization Models in Electricity Markets

Anthony Papavasiliou (National Technical University of Athens)

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English

Cambridge University Press
13 June 2024

Macroeconomics; Electrical power industries; Optimisation; Power generation & distribution

Get up-to-speed with the fundamentals of how electricity markets are structured and operated with this comprehensive textbook, presenting coverage of key topics in electricity market design, including power system and power market operations, transmission, unit commitment, demand response, and risk management. It includes over 140 practical examples, inspired by real-industry applications, connecting key theoretical concepts to practical scenarios in electricity market design, and features over 100 coding-based examples and exercises, with selected solutions for readers. It further demonstrates how mathematical programming models are implemented in an industry setting. Requiring no experience in power systems or energy economics, this is the ideal introduction to electricity markets for senior undergraduate and graduate students in electrical engineering, economics, and operations research, and a robust introduction to the field for professionals in utilities, energy policy, and energy regulation. Accompanied online by datasets, AMPL code, supporting videos, and full solutions and lecture slides for instructors.

By: Anthony Papavasiliou (National Technical University of Athens)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 254mm, Width: 178mm, Spine: 22mm
Weight: 951g
ISBN: 9781009416610
ISBN 10: 1009416618
Pages: 388
Publication Date: 13 June 2024
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Unspecified

Preface; 1. Introduction; 2. Mathematical background; 3. Power system operations and power market operations; 4. Economic dispatch; 5. The transmission network; 6. Ancillary services; 7. Unit commitment; 8. Hydrothermal planning; 9. Risk management; 10. Demand response; 11. Generation capacity expansion; 12. Beyond electricity; Appendix A; Appendix B; Appendix C.

Anthony Papavasiliou is an Assistant Professor of Electrical and Computer Engineering at the National Technical University of Athens, and a former Associate Professor and holder of the ENGIE Chair at UCLouvain. He obtained his PhD and conducted post-doctoral research at the department of Industrial Engineering and Operations Research at UC Berkeley. He is the recipient of the Francqui Foundation research professorship, an ERC Starting Grant, and the Bodossaki Foundation Distinguished Young Scientist award. He is a former Associate Editor for Operations Research and IEEE Transactions on Power Systems.