Download or read book Dynamic Incentives for Optimal Control of Competitive Power Systems written by Kölsch, Lukas and published by KIT Scientific Publishing. This book was released on 2022-10-11 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work presents a real-time dynamic pricing framework for future electricity markets. Deduced by first-principles analysis of physical, economic, and communication constraints within the power system, the proposed feedback control mechanism ensures both closed-loop system stability and economic efficiency at any given time. The resulting price signals are able to incentivize competitive market participants to eliminate spatio-temporal shortages in power supply quickly and purposively.

Download or read book Power Grid Operation in a Market Environment written by Hong Chen and published by John Wiley & Sons. This book was released on 2016-11-14 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. Besides the state-of-the-art review and discussion on the domain of balancing economic efficiency and operation risk mitigation, this book: Describes a new approach for mass market demand response management, and introduces new criteria to improve system performance with large scale variable generation additions Reviews mathematic models and solution methods of SCUC to help address challenges posed by increased operational uncertainties with high-penetration of renewable resources Presents a planning framework to account for the value of operational flexibility in transmission planning and to provide market mechanism for risk sharing Power Grid Operations in a Market Environment: Economic Efficiency and Risk Mitigation is a timely reference for power engineers and researchers, electricity market traders and analysts, and market designers.

Download or read book Optimization of Power System Operation written by Jizhong Zhu and published by John Wiley & Sons. This book was released on 2016-12-08 with total page 750 pages. Available in PDF, EPUB and Kindle. Book excerpt: Optimization of Power System Operation, 2nd Edition, offers a practical, hands-on guide to theoretical developments and to the application of advanced optimization methods to realistic electric power engineering problems. The book includes: New chapter on Application of Renewable Energy, and a new chapter on Operation of Smart Grid New topics include wheeling model, multi-area wheeling, and the total transfer capability computation in multiple areas Continues to provide engineers and academics with a complete picture of the optimization of techniques used in modern power system operation

Download or read book Advances in Artificial Intelligence for Renewable Energy Systems and Energy Autonomy written by Mukhdeep Singh Manshahia and published by Springer Nature. This book was released on 2023-06-14 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides readers with emerging research that explores the theoretical and practical aspects of implementing new and innovative artificial intelligence (AI) techniques for renewable energy systems. The contributions offer broad coverage on economic and promotion policies of renewable energy and energy-efficiency technologies, the emerging fields of neuro-computational models and simulations under uncertainty (such as fuzzy-based computational models and fuzzy trace theory), evolutionary computation, metaheuristics, machine learning applications, advanced optimization, and stochastic models. This book is a pivotal reference for IT specialists, industry professionals, managers, executives, researchers, scientists, and engineers seeking current research in emerging perspectives in artificial intelligence, renewable energy systems, and energy autonomy.

Download or read book Electrical Power Unit Commitment written by Yuping Huang and published by Springer. This book was released on 2017-01-13 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume in the SpringerBriefs in Energy series offers a systematic review of unit commitment (UC) problems in electrical power generation. It updates texts written in the late 1990s and early 2000s by including the fundamentals of both UC and state-of-the-art modeling as well as solution algorithms and highlighting stochastic models and mixed-integer programming techniques. The UC problems are mostly formulated as mixed-integer linear programs, although there are many variants. A number of algorithms have been developed for, or applied to, UC problems, including dynamic programming, Lagrangian relaxation, general mixed-integer programming algorithms, and Benders decomposition. In addition the book discusses the recent trends in solving UC problems, especially stochastic programming models, and advanced techniques to handle large numbers of integer- decision variables due to scenario propagation

Download or read book Increasing Penetration of Renewable Sources in Power Systems Opportunities and Challenges written by Xue Lyu and published by Frontiers Media SA. This book was released on 2023-04-27 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Energy Markets and Responsive Grids written by Sean Meyn and published by Springer. This book was released on 2018-06-09 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume consists of selected essays by participants of the workshop Control at Large Scales: Energy Markets and Responsive Grids held at the Institute for Mathematics and its Applications, Minneapolis, Minnesota, U.S.A. from May 9-13, 2016. The workshop brought together a diverse group of experts to discuss current and future challenges in energy markets and controls, along with potential solutions. The volume includes chapters on significant challenges in the design of markets and incentives, integration of renewable energy and energy storage, risk management and resilience, and distributed and multi-scale optimization and control. Contributors include leading experts from academia and industry in power systems and markets as well as control science and engineering. This volume will be of use to experts and newcomers interested in all aspects of the challenges facing the creation of a more sustainable electricity infrastructure, in areas such as distributed and stochastic optimization and control, stability theory, economics, policy, and financial mathematics, as well as in all aspects of power system operation.

Download or read book Advances in Energy Systems written by Peter D. Lund and published by John Wiley & Sons. This book was released on 2019-02-05 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to a multi-disciplinary approach that includes perspectives from noted experts in the energy and utilities fields Advances in Energy Systems offers a stellar collection of articles selected from the acclaimed journal Wiley Interdisciplinary Review: Energy and Environment. The journalcovers all aspects of energy policy, science and technology, environmental and climate change. The book covers a wide range of relevant issues related to the systemic changes for large-scale integration of renewable energy as part of the on-going energy transition. The book addresses smart energy systems technologies, flexibility measures, recent changes in the marketplace and current policies. With contributions from a list of internationally renowned experts, the book deals with the hot topic of systems integration for future energy systems and energy transition. This important resource: Contains contributions from noted experts in the field Covers a broad range of topics on the topic of renewable energy Explores the technical impacts of high shares of wind and solar power Offers a review of international smart-grid policies Includes information on wireless power transmission Presents an authoritative view of micro-grids Contains a wealth of other relevant topics Written forenergy planners, energy market professionals and technology developers, Advances in Energy Systems is an essential guide with contributions from an international panel of experts that addresses the most recent smart energy technologies.

Download or read book Market Operations in Electric Power Systems written by Mohammad Shahidehpour and published by John Wiley & Sons. This book was released on 2003-05-28 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.

Download or read book Island Power Systems written by Lukas Sigrist and published by CRC Press. This book was released on 2016-12-01 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: A major concern of island power systems is frequency stability. A power system is said to be frequency stable if its generators are able to supply their loads at a frequency within acceptable limits after a disturbance. Frequency instability occurs if load-generation imbalances are not corrected in appropriate manner and time. Since island power systems are more sensitive to frequency instability than large ones due to the smaller number of generators online and the lower inertia, they require a larger amount of primary reserve per generator. This book provides a worldwide overview of island power systems, describing their main features and issues. Split into two parts, the first part examines the technical operation, and in particular, frequency stability of island power systems and its technical solutions, including more efficient underfrequency load-shedding schemes. The chapters explore both conventional and advanced load-shedding schemes and consider the improvement of these schemes by making them more robust and efficient. Advanced devices are modelled and analyzed to enhance frequency stability and reduce the need for load shedding. In the second part, the economic operation of island power systems is explored in detail. For that purpose, regulations and economic operations (centralized vs. market scheme) are reviewed by the authors. The authors discuss models for renewable energy sources and for advanced devices and systems such as demand-side management, energy storage systems, and electric vehicles. This book will be critical reading to all researchers and professionals in power system planning and engineering, electrical/power delivery, RES and control engineering. It will also be of interest to researchers in signal processing and telecommunications and renewable energy, as well as power system utility providers.

Download or read book Condition monitoring for renewable energy systems volume II written by Yusen He and published by Frontiers Media SA. This book was released on 2023-02-17 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Energy Storage for Power System Planning and Operation written by Zechun Hu and published by John Wiley & Sons. This book was released on 2020-01-27 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative guide to large-scale energy storage technologies and applications for power system planning and operation To reduce the dependence on fossil energy, renewable energy generation (represented by wind power and photovoltaic power generation) is a growing field worldwide. Energy Storage for Power System Planning and Operation offers an authoritative introduction to the rapidly evolving field of energy storage systems. Written by a noted expert on the topic, the book outlines a valuable framework for understanding the existing and most recent advances in technologies for integrating energy storage applications with power systems. Filled with full-color illustrations, the book reviews the state-of-the-art of energy storage systems and includes illustrative system models and simulations. The author explores the various techniques that can be employed for energy storage that is compatible with renewable energy generation. Designed as a practical resource, the book examines in detail the aspects of system optimization, planning, and dispatch. This important book, Provides an introduction to the systematically different energy storage techniques with deployment potential in power systems Models various energy storage systems for mathematical formulation and simulations Contains a review of the techniques for integrating and operating energy storage with renewable energy generation Analyses how to optimize power systems with energy storage, at both the transmission and distribution system levels Shows how to optimize planning, siting, and sizing of energy storage for a range of purposes Written for power system engineers and researchers, Energy Storage for Power System Planning and Operation introduces the application of large-scale energy storage for the optimal operation and planning of power systems.

Download or read book Power Generation Operation and Control written by Allen J. Wood and published by John Wiley & Sons. This book was released on 2012-11-07 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive text on the operation and control of power generation and transmission systems In the ten years since Allen J. Wood and Bruce F. Wollenberg presented their comprehensive introduction to the engineering and economic factors involved in operating and controlling power generation systems in electric utilities, the electric power industry has undergone unprecedented change. Deregulation, open access to transmission systems, and the birth of independent power producers have altered the structure of the industry, while technological advances have created a host of new opportunities and challenges. In Power Generation, Operation, and Control, Second Edition, Wood and Wollenberg bring professionals and students alike up to date on the nuts and bolts of the field. Continuing in the tradition of the first edition, they offer a practical, hands-on guide to theoretical developments and to the application of advanced operations research methods to realistic electric power engineering problems. This one-of-a-kind text also addresses the interaction between human and economic factors to prepare readers to make real-world decisions that go beyond the limits of mere technical calculations. The Second Edition features vital new material, including: * A computer disk developed by the authors to help readers solve complicated problems * Examination of Optimal Power Flow (OPF) * Treatment of unit commitment expanded to incorporate the Lagrange relaxation technique * Introduction to the use of bounding techniques and other contingency selection methods * Applications suited to the new, deregulated systems as well as to the traditional, vertically organized utilities company Wood and Wollenberg draw upon nearly 30 years of classroom testing to provide valuable data on operations research, state estimation methods, fuel scheduling techniques, and more. Designed for clarity and ease of use, this invaluable reference prepares industry professionals and students to meet the future challenges of power generation, operation, and control.

Download or read book Restructured Electrical Power Systems written by Mohammad Shahidehpour and published by CRC Press. This book was released on 2017-12-19 with total page 535 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of key issues in electric utilities restructuring. It covers: electric utility markets in and out of the USA; the Open Access Same-time Information System; tagging transactions; trading energy; hedging tools for managing risks in various markets; pricing volatility, risk and forecasting; regional transmission organization; and more. The text contains acronyms, a contract specifications sample, examples, and nearly 500 bibliographic citations, tables, and drawings.

Download or read book Unit Commitment in Electric Energy Systems written by Miguel F. Anjos and published by Foundations and Trends in Electric Energy Systems. This book was released on 2017-12-18 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unit commitment problem is a fundamental problem in the electric power industry. It addresses a fundamental decision that is taken when operating a power system, namely to set the schedule of power production for each generating unit in the system so that the demand for electricity is met at minimum cost. The schedule must also ensure that each unit operates within its technical limits; these typically include ramping constraints and minimum uptime/downtime constraints. Units that are scheduled to produce electricity during a given time period are said to be committed for that period. Unit Commitment in Electric Energy Systems presents the most relevant mathematical optimization models for the unit commitment problem. It is an ideal starting reference for practitioner and researchers interested in this important and challenging problem, as it introduces the key technical details and summarizing their significance.

Download or read book Risk Based Planning and Operation Strategy Towards Short Circuit Resilient Power Systems written by Chengjin Ye and published by Springer Nature. This book was released on 2023-03-01 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the comprehensive prevention and control methods for short-circuit faults in power systems. Based on the quantification method of power system short-circuit fault risk considering extreme meteorological disasters, this book carries out theoretical research on optimal control of power system short-circuit faults at the planning and operation levels. The establishment of a comprehensive index system for short-circuit safety level of large power grids from several sides and the realization of a panoramic display of consequences of short-circuit faults in power grids are one of the features of this book, which are especially suitable for readers interested in learning about short-circuit fault solutions in power systems. This book can benefit researchers, engineers, and graduate students in the fields of electrical engineering, power electronics, and energy engineering.

Download or read book Island Power Systems written by Lukas Sigrist and published by CRC Press. This book was released on 2016-12-01 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: A major concern of island power systems is frequency stability. A power system is said to be frequency stable if its generators are able to supply their loads at a frequency within acceptable limits after a disturbance. Frequency instability occurs if load-generation imbalances are not corrected in appropriate manner and time. Since island power systems are more sensitive to frequency instability than large ones due to the smaller number of generators online and the lower inertia, they require a larger amount of primary reserve per generator. This book provides a worldwide overview of island power systems, describing their main features and issues. Split into two parts, the first part examines the technical operation, and in particular, frequency stability of island power systems and its technical solutions, including more efficient underfrequency load-shedding schemes. The chapters explore both conventional and advanced load-shedding schemes and consider the improvement of these schemes by making them more robust and efficient. Advanced devices are modelled and analyzed to enhance frequency stability and reduce the need for load shedding. In the second part, the economic operation of island power systems is explored in detail. For that purpose, regulations and economic operations (centralized vs. market scheme) are reviewed by the authors. The authors discuss models for renewable energy sources and for advanced devices and systems such as demand-side management, energy storage systems, and electric vehicles. This book will be critical reading to all researchers and professionals in power system planning and engineering, electrical/power delivery, RES and control engineering. It will also be of interest to researchers in signal processing and telecommunications and renewable energy, as well as power system utility providers.