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Electricity Market-Clearing With Stochastic Security

by François Bouffard
Save 12% Save 12%
Current price ₹6,271.00
Original price ₹7,140.00
Original price ₹7,140.00
Original price ₹7,140.00
(-12%)
₹6,271.00
Current price ₹6,271.00

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Book cover type: Paperback
  • ISBN13: 9783836477765
  • Binding: Paperback
  • Subject: N/A
  • Publisher: VDM Verlag Dr. Mueller E.K.
  • Publisher Imprint: VDM Verlag Dr. Mueller E.K.
  • Publication Date:
  • Pages: 180
  • Original Price: GBP 56.44
  • Language: English
  • Edition: N/A
  • Item Weight: 250 grams
  • BISAC Subject(s): N/A

This book introduces a new breed of short-term electricity market-clearing problems which are subject to stochastic security criteria. The stochastic criteria are based on probabilistic measures of the expected load not served associated with the random failures of generators, transmission lines as well as variations in demand and wind power generation. Electricity markets gain in technical and economic flexi-bility as they get to balance the respective expected costs of preven-tive and corrective security actions necessary to counter the adverse effects of the random power system events. We illustrate how the principles of market-clearing with stochastic security can lead to non-negligible system security cost savings, while still ensuring that consu-mers benefit from a reliable supply of electricity in light of how they value the continuity of their electricity supply.

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