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Installation of gas-based power plants and energy carrier availability to final users have given rise to the need of synergies in the development of networks for electricity and gas. Moreover, electrically driven gas compressor stations and power-to-gas technologies open further levels of interaction. In this context, the analysis of interaction of electric power and gas flows and the development...
The deregulation of the electricity industry has caused for the generation company (Genco) the need of tools for measuring and managing the risk, beyond the classical problem of generating unit scheduling. In this paper, a probabilistic framework for the problem of managing risk faced by Gencos trading in day-ahead energy market is proposed. In particular, a stochastic forecast of electricity price...
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