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 renowned international experts, this book presents cutting-edge research on forecasting and scheduling issues in 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 multigeneration systems.