Optimization Methods for Gas and Power Markets

Theory and Cases

Business & Finance, Economics, Econometrics, Industries & Professions, Industries
Cover of the book Optimization Methods for Gas and Power Markets by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu, Palgrave Macmillan UK
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu ISBN: 9781137412973
Publisher: Palgrave Macmillan UK Publication: April 30, 2016
Imprint: Palgrave Macmillan Language: English
Author: Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
ISBN: 9781137412973
Publisher: Palgrave Macmillan UK
Publication: April 30, 2016
Imprint: Palgrave Macmillan
Language: English

As power and gas markets are becoming more and more mature and globally competitive, the importance of reaching maximum potential economic efficiency is fundamental in all the sectors of the value chain, from investments selection to asset optimization, trading and sales. Optimization techniques can be used in many different fields of the energy industry, in order to reduce production and financial costs, increase sales revenues and mitigate all kinds of risks potentially affecting the economic margin. For this reason the industry has now focused its attention on the general concept of optimization and to the different techniques (mainly mathematical techniques) to reach it.

Optimization Methods for Gas and Power Markets presents both theoretical elements and practical examples for solving energy optimization issues in gas and power markets. Starting with the theoretical framework and the basic business and economics of power and gas optimization, it quickly moves on to review the mathematical optimization problems inherent to the industry, and their solutions – all supported with examples from the energy sector. Coverage ranges from very long-term (and capital intensive) optimization problems such as investment valuation/diversification to asset (gas and power) optimization/hedging problems, and pure trading decisions.

This book first presents the readers with various examples of optimization problems arising in power and gas markets, then deals with general optimization problems and describes the mathematical tools useful for their solution. The remainder of the book is dedicated to presenting a number of key business cases which apply the proposed techniques to concrete market problems. Topics include static asset optimization, real option evaluation, dynamic optimization of structured products like swing, virtual storage or virtual power plant contracts and optimal trading in intra-day power markets. As the book progresses, so too does the level of mathematical complexity, providing readers with an appreciation of the growing sophistication of even common problems in current market practice.

Optimization Methods for Gas and Power Markets provides a valuable quantitative guide to the technicalities of optimization methodologies in gas and power markets; it is essential reading for practitioners in the energy industry and financial sector who work in trading, quantitative analysis and energy risk modeling.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

As power and gas markets are becoming more and more mature and globally competitive, the importance of reaching maximum potential economic efficiency is fundamental in all the sectors of the value chain, from investments selection to asset optimization, trading and sales. Optimization techniques can be used in many different fields of the energy industry, in order to reduce production and financial costs, increase sales revenues and mitigate all kinds of risks potentially affecting the economic margin. For this reason the industry has now focused its attention on the general concept of optimization and to the different techniques (mainly mathematical techniques) to reach it.

Optimization Methods for Gas and Power Markets presents both theoretical elements and practical examples for solving energy optimization issues in gas and power markets. Starting with the theoretical framework and the basic business and economics of power and gas optimization, it quickly moves on to review the mathematical optimization problems inherent to the industry, and their solutions – all supported with examples from the energy sector. Coverage ranges from very long-term (and capital intensive) optimization problems such as investment valuation/diversification to asset (gas and power) optimization/hedging problems, and pure trading decisions.

This book first presents the readers with various examples of optimization problems arising in power and gas markets, then deals with general optimization problems and describes the mathematical tools useful for their solution. The remainder of the book is dedicated to presenting a number of key business cases which apply the proposed techniques to concrete market problems. Topics include static asset optimization, real option evaluation, dynamic optimization of structured products like swing, virtual storage or virtual power plant contracts and optimal trading in intra-day power markets. As the book progresses, so too does the level of mathematical complexity, providing readers with an appreciation of the growing sophistication of even common problems in current market practice.

Optimization Methods for Gas and Power Markets provides a valuable quantitative guide to the technicalities of optimization methodologies in gas and power markets; it is essential reading for practitioners in the energy industry and financial sector who work in trading, quantitative analysis and energy risk modeling.

More books from Palgrave Macmillan UK

Cover of the book Beyond Humanism by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book Quine and His Place in History by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book Wittgenstein within the Philosophy of Religion by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book Ethical Issues in International Communication by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book Global Anti-Unionism by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book External Governance as Security Community Building by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book Credit Treasury by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book Social Capital and Health Inequality in European Welfare States by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book The Self in Question by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book Independent Luxury by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book Cosmopolitanism in a Multipolar World by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book Mysticism and the Mid-Century Novel by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book Simmel and 'the Social' by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book British Catholics and Fascism by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
Cover of the book The Coroners of Northern Britain c. 1300-1700 by Enrico Edoli, Stefano Fiorenzani, Tiziano Vargiolu
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy