Uncertainties in energy markets and their consideration in energy storage evaluation

Released on by Keles, Dogan
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  • Uncertainties in energy markets and their consideration in energy storage evaluation Book Detail

  • Author : Keles, Dogan
  • Release Date : 2014-05-22
  • Publisher : KIT Scientific Publishing
  • Genre : Business & Economics
  • Pages : 260
  • ISBN 13 : 3731500469
  • File Size : 14,14 MB
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Uncertainties in energy markets and their consideration in energy storage evaluation by Keles, Dogan PDF Summary

Book Description: This book successfully illustrates the modeling of electricity prices with the help of stochastic processes. The relatively new phenomenon of negative prices is also integrated into the models. The integration of feed-in from wind power plants in energy models is also very innovative. This approach helps to simulate electricity prices in order to take into account the "merit-order effect of renewable energy". Finally, the models are used for the techno-economic evaluation of energy storages.

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