Electric Power Systems: Advanced Forecasting Techniques and Optimal Generation Scheduling

An accurate forecast of load, electricity market prices, and wind power generation is increasingly important to support decisions in power system operations and planning. Written by worldwide experts, this book presents up-to-date and cutting-edge research on forecasting and scheduling issues regarding electric power generation systems. The text covers topics such as uncertainty and risk, load forecasting, electricity prices forecasting, wind power forecasting, price based scheduling for generating companies, optimal scheduling of a hydro producer, hydro-thermal coordination, unit commitment with wind generators, and operational optimization of multi-generation systems.