ISE 5225 Electricity Market Analytics
This course provides a description of decision-making tools for electricity markets, considering the viewpoints of the market operator, producers, consumers and retailers. These tools rely on stochastic programming, robust optimization, and complementarity theory. The topics covered include market clearing algorithms, offering strategies for producers, energy procurement strategies for consumers and retailers, capacity investment models for producers, and transmission expansion planning.
Contents:
0. Welcome
1. Electricity market organization. Electricity markets around the world
2. Market clearing algorithms
3. Offering strategies for producers
4. Energy procurement for consumers and retailers
5. Investment models in production and in transmission facilities
Textbook:
A. J. Conejo, M. Carrion, J. M. Morales, “Decision Making Under Uncertainty in Electricity Markets,” Springer, New York. 2010.
S. Gabriel, A. J. Conejo, B. Hobbs, D. Fuller, C. Ruiz, “Complementarity Modeling in Energy Markets,” Springer, New York. 2012.
J. M. Morales, A. J. Conejo, H. Madsen, P. Pinson, M. Zugno, “Integrating Renewables in Electricity Markets,” Springer, New York. 2014.
A. J. Conejo, L. Baringo, S. J. Kazempour, A. S. Siddiqui, “Investment in Electricity Generation and Transmission,” Springer, New York. 2016.