Price-Based Commitment Decisions in the Electricity Market

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Focusing on the evolving landscape of control engineering, this monograph addresses the challenges posed by deregulated electricity markets, particularly in Europe and the US. It highlights the need for flexible unit operations to meet short-term economic goals in power production. Allen and Illic introduce decision algorithms for unit commitment profiles using dynamic programming, covering essential aspects like modeling, cost functions, and practical applications. The book includes programs and supporting theory in the appendices, facilitating a comprehensive understanding of the topic.