INTEGRATING RENEWABLES IN ELECTRICITY MARKETS

This addition to the ISOR series addresses the analytics of the operations of electric energy systems with increasing penetration of stochastic renewable production facilities, such as wind- and solar-based generation units.As stochastic renewable production units become ubiquitous throughout electric energy systems, an increasing level of flexible backup provided by non-stochastic units and other system agents is needed if supply security and quality are to be maintained.Within the context above, this book provides up-to-date analytical tools to address challenging operational problems such as:• The modeling and forecasting of stochastic renewable power production.• The characterization of the impact of renewable production on market outcomes.• The clearing of electricity markets with high penetration of stochastic renewable units.• The development of mechanisms to counteract the variability and unpredictability of stochastic renewable units so that supply security is not at risk....
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INTEGRATING RENEWABLES IN ELECTRICITY MARKETS

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