This textbook provides a detailed analysis of operation and planning problems faced by virtual power plants participating in different electricity markets. The chapters address in-depth, topics such as: optimization, market power, expansion, and modelling uncertainty in operation and planning problems of virtual power plants. The book provides an up-to-date description of decision-making tools to address challenging questions faced by virtual power plants such as:
- How can virtual power plants optimize their participation in electricity markets?
- How can a virtual power plant exercise market power?
- How can virtual power plants be optimally expanded?
- How can uncertainty be efficiently modelled in the operation and planning problems of virtual power plants?
The book is written in a tutorial style and modular format, and includes many illustrative examples to facilitate comprehension. It is intended for a diverse audience inclu
