Uncertainties in energy markets and their consideration in energy storage evaluation

• Main Author: Keles, Dogan (auth)
• Format: Electronic Book Chapter
• Language: English
• Published: KIT Scientific Publishing 2013
• Series: Produktion und Energie / Karlsruher Institut für Technologie, Institut für Industriebetriebslehre und industrielle Produktion u. Deutsch-Französisches Institut für Umweltforschung
• Subjects: wind power; energy storage; economic modeling; electricity prices; Uncertainties in energy economics
• Online Access: DOAB: download the publication; DOAB: description of the publication

This book successfully illustrates the modeling of electricity prices with the help of stochastic processes. The relatively new phenomenon of negative prices is also integrated into the models. The integration of feed-in from wind power plants in energy models is also very innovative. This approach...