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Worldwide, electricity systems are evolving to adapt to a low-carbon economy in which increasingly more renewable energy resources are being integrated. These changes, in turn, make the development of new methods, tools, and approaches to deal with the operation and planning of electricity systems necessary. On the other hand, new regulations must be developed in order to deal with a wide integration of renewable and distributed energy resources, both from a generation and a network (transmission and distribution) perspective. Furthermore, the natural gas sector is going through significant transformation related mainly to both technological advances and strategic policy decisions. While there is great uncertainty in the future of natural gas within the global energy matrix, it is clear that it will play a major role during the next years as a bridge fuel towards a decarbonized economy. In this context, natural gas systems are undergoing deep transformations, necessitating the development of new tools to operate and plan gas systems as well as new approaches to regulate them. This book, therefore, seeks to contribute to the energy transformation agenda through original contributions focused on both power and natural gas systems, addressing innovative operation and planning methods as well as regulation of both energy systems.
industrial park integrated energy system --- expansion planning --- natural gas price uncertainty --- regret aversion --- min–max regret value --- distributed solar PV --- financial analysis --- net-energy metering --- investor-owned utility --- earnings --- return on equity --- retail rates --- ratepayer bills --- natural-gas market --- electricity market --- equilibrium analysis --- gas markets --- game theory-Cournot model --- records theory --- entropy --- information theory --- electricity markets --- feasible operation --- medium-term representation --- optimization models --- power systems --- thermal generation --- unit commitment --- portfolio --- portfolio management --- risk --- risk assessment --- energy trading --- power purchase agreements --- PPA --- copula --- wholesale electricity markets --- market design --- bidding formats --- pricing rules --- renewable energy sources --- day-ahead electricity markets --- electricity price forecasting --- fundamental-econometric models --- market structural breaks
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