Fundamental Modeling of the Alberta Power Market

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atmire.migration.oldid4411
dc.contributor.advisorWare, Antony Frank
dc.contributor.authorElham, Negahdary
dc.contributor.committeememberSwishchuk, Anatoliy
dc.contributor.committeememberZinchenko, Yuriy
dc.contributor.committeememberDavison, Matt
dc.date.accessioned2016-05-10T16:44:42Z
dc.date.available2016-05-10T16:44:42Z
dc.date.issued2016
dc.date.submitted2016en
dc.description.abstractIn this project, we identify the primary price drivers and characterize their dynamics in an engineering-based bottom-up model. This fundamental model is based on the economic theory of supply and demand. The power price is determined by the intersection of demand with the dynamic characteristics of the generators’ supply functions. The dynamics of power prices will be represented naturally while satisfying operational constraints. In view of the uncertainty around the future values, we model independent exogenous variables such as fuel prices, outages, and load, as stochastic processes. A broad analysis of levels of aggregation and model simplification will be a comprehensive reference for future modelers. The downside of this methodology is the onerous data and input parameter requirements and burdensome computational costs.en_US
dc.identifier.citationElham, N. (2016). Fundamental Modeling of the Alberta Power Market (Doctoral thesis, University of Calgary, Calgary, Canada). Retrieved from https://prism.ucalgary.ca. doi:10.11575/PRISM/26249en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/26249
dc.identifier.urihttp://hdl.handle.net/11023/2998
dc.language.isoeng
dc.publisher.facultyGraduate Studies
dc.publisher.institutionUniversity of Calgaryen
dc.publisher.placeCalgaryen
dc.rightsUniversity of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.
dc.subjectEducation--Mathematics
dc.subjectEconomics--Finance
dc.subject.classificationFundamental Modelsen_US
dc.subject.classificationModeling Power Priceen_US
dc.subject.classificationSupplyen_US
dc.subject.classificationMerit Orderen_US
dc.subject.classificationBid Stacken_US
dc.subject.classificationBottom-up Modelsen_US
dc.titleFundamental Modeling of the Alberta Power Market
dc.typedoctoral thesis
thesis.degree.disciplineAnthropology
thesis.degree.grantorUniversity of Calgary
thesis.degree.nameDoctor of Philosophy (PhD)
ucalgary.item.requestcopytrue
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