Electricity Markets with Increasing Levels of Renewable Generation: Structure, Operation, Agent-based Simulation, and Emerging Designs

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Overview of Wholesale Electricity Markets.- Market Prices in a Power Market with more than 50% Wind Power.- Incentivizing Flexibility in System Operations.-  Requirements for Strategic Reserves in a Liberalized Market with Wind Power.-  Renewable Generation, Support Policies and the Merit Order Effect: A Comprehensive Overview and the Case of Wind Power in Portugal.- Demand Response in Electricity Markets: An Overview and a Study of the Price-effect on the Iberian Daily Market.- Multi-Agent Electricity Markets and Smart Grids Simulation with Connection to Real Physical Resources.

"The book explores in depth the intersection between electricity markets and multi-agent systems. To the best of our knowledge this is the first single volume that tries to achieve this, having a large scope, from more traditional to emerging electricity markets and from market design to agent-based simulation." (Georgios Martinopoulos, Energy, Vol. 186, November, 2019)

“The book explores in depth the intersection between electricity markets and multi-agent systems. To the best of our knowledge this is the first single volume that tries to achieve this, having a large scope, from more traditional to emerging electricity markets and from market design to agent-based simulation.” (Georgios Martinopoulos, Energy, Vol. 186, November, 2019)