Around the world, liberalization and privatization in the electricity industry
have lead to increased competition among utilities. At the same time, utilities
are now exposed more than ever to risk and uncertainties, which they cannot pass
on to their customers through price increases as in a regulated environment.
Especially electricity-generating companies have to face volatile wholesale
prices, fuel price uncertainty, limited long-term hedging possibilities and
huge, to a large extent, sunk investments.
In this context, Uncertainty in the Electric Power Industry: Methods and Models
for Decision Support aims at an integrative view on the decision problems that
power companies have to tackle. It systematically examines the uncertainties
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