We introduce a model intended for the analysis of the upgrade of the national transmission grid which explicitly accounts for responses given by the power generating companies in terms of plant expansion. The problem is modeled as a bilevel program with mixed integer structure in both, upper and...

We propose a TransCo model for coordinating transmission expansion planning with com- petitive generation capacity planning in electricity markets. Our purpose is to provide a tool to simulate the equilibrium interplay regarding strategic decisions of a set of power producers and a single...

We present a mathematical model for maximizing the benefit of a price-taker power producer who has to decide the power generation capacity expansion planning in a long time horizon under uncertainty of the main parameters. These parameters are the variable production costs of the power plants...

We consider a liberalized electricity market, divided in zones interconnected by capacitated transmission links, where a large dimensional power producer operates. We introduce a model for determining the optimal bidding strategies of the large dimensional producer, so as to maximize his own...

This book presents an overview of the risks involved in modern electricity production, delivery, and trading. Coverage includes energy markets, optimal decisions in managing energy systems, pricing, and political and other long term risks.