Springer Decision Making Under Uncertainty in Electricity Markets

Navigate the complexities of modern energy trading with Decision Making Under Uncertainty in Electricity Markets. Part of the International Series in Operations Research & Management Science, this book offers essential models and procedures for electricity market agents facing unpredictable environments. By utilizing well established stochastic programming models, the text provides methods that are both efficient and robust for real-world applications. Electricity producers can leverage these techniques to develop effective offering strategies for the pool and make informed contracting decisions within the futures market. Additionally, retailers gain valuable insights for determining optimal selling prices for clients and managing energy procurement through the pool, futures markets, and bilateral contracting. This resource serves as a practical guide for professionals looking to master decision-making processes in the evolving electricity sector.