Integrating Renewables in Electricity Markets Operational Problems
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 product
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Series Editor Frederick S. Hillier Stanford University, CA, USA Special Editorial Consultant Camille C. Price Stephen F. Austin State University, TX, USA This book was recommended by Dr. Price
For further volumes: http://www.springer.com/series/6161
Juan M. Morales • Antonio J. Conejo Henrik Madsen • Pierre Pinson • Marco Zugno
Integrating Renewables in Electricity Markets Operational Problems
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Juan M. Morales DTU Compute Technical University of Denmark Lyngby Denmark
Pierre Pinson DTU Elektro Technical University of Denmark Lyngby Denmark
Antonio J. Conejo University of Castilla–La Mancha Ciudad Real Spain
Marco Zugno DTU Compute Technical University of Denmark Lyngby Denmark
Henrik Madsen DTU Compute Technical University of Denmark Lyngby Denmark
ISSN 0884-8289 ISBN 978-1-4614-9410-2 ISBN 978-1-4614-9411-9 (eBook) DOI 10.1007/978-1-4614-9411-9 Springer New York Heidelberg Dordrecht London Library of Congress Control Number: 2013951811 © Springer Science+Business Media New York 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
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Preface
Electric energy systems in the past included almost solely deterministic production facilities, such us coal- or gas-fired units, or nuclear power plants. If a unit of this type is not out-of-o
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