• PDF / 9,457,410 Bytes
• 386 Pages / 595.35 x 807.87 pts Page_size
• 72 Downloads / 260 Views

DOWNLOAD

REPORT

---

Virtual Power Plants and Electricity Markets Decision Making Under Uncertainty

Virtual Power Plants and Electricity Markets

Luis Baringo • Morteza Rahimiyan

Virtual Power Plants and Electricity Markets Decision Making Under Uncertainty

Luis Baringo Escuela Técnica Superior de Ingeniería Industrial Universidad de Castilla-La Mancha Ciudad Real, Spain

Morteza Rahimiyan Department of Electrical Engineering Shahrood University of Technology Shahrood, Iran

ISBN 978-3-030-47601-4 ISBN 978-3-030-47602-1 (eBook) https://doi.org/10.1007/978-3-030-47602-1 © Springer Nature Switzerland AG 2020 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. 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. The publisher, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

To Carmen and María To my parents, my wife, Ali, and Hossein

Preface

This book “Virtual Power Plants and Electricity Markets: Decision Making Under Uncertainty” provides a number of relevant models to make optimal operation and planning strategies for virtual power plants (VPPs) participating in electricity markets. There has been a significant rise of interest in renewable units based on wind, solar, and photovoltaic energy in the last decades. These renewable units started to be developed with the aim of reducing greenhouse gas emissions. However, despite their benefits, the uncertainty associated with most of the renewable generating units, whose production varies depending on the meteorological phenomena, limits the participation of the owners of these units in different electricity markets. Under this condition, the owners are exposed to a significant level of market risks that may reduce their profitability and discourage them from active participation in electricity markets. A possible solution to mitigate the negative effects of the uncertainty