This book provides a thorough introduction to the structure and operation of electricity markets, covering essential topics such as power system and market operations, transmission, unit commitment, demand response, and risk management.
With over 140 real-world-inspired examples and 100 coding-based exercises, the book bridges the gap between theoretical concepts and practical applications. Selected solutions are included to reinforce learning.
Readers will learn how to implement mathematical programming models in real industry settings, making this resource valuable for those looking to apply optimization techniques in electricity market design.
Accessible to those with no prior experience in power systems or energy economics, this book is perfect for senior undergraduates, graduate students, and professionals in utilities, energy policy, and regulation. Additional online resources—datasets, AMPL code, videos, and instructor materials—enhance its utility.
YouTube Videos ↓
Introduction to essential mathematical concepts like linear algebra and optimization techniques used in electricity markets.
Explores power system operations, including load forecasting, generation scheduling, and maintaining grid stability.
Examines power transmission systems, including constraints, congestion management, and their role in market efficiency.
Discusses generator scheduling, forecasting, and economic considerations for efficient power system operations.
Slide Decks ↓
AMPL is committed to democratizing optimization software for non-commercial settings. Get the full AMPL system with industry leading solvers for free use in Academia.
