The book "Decision Making Under Uncertainty in Electricity Markets" provides a comprehensive overview of decision-making processes in electricity markets, particularly focusing on stochastic programming and risk management. It begins with an introduction to electricity markets, including market organization, agents, and various markets such as futures, reserve, and regulation markets. The book then delves into the fundamentals of stochastic programming, covering random variables, stochastic processes, scenarios, and quality metrics. Subsequent chapters explore uncertainty characterization through scenario generation and reduction, risk management techniques, and the application of these concepts in different market contexts. Key topics include producer pool trading, wind power producer trading, futures market trading, medium-term retailer trading, and energy procurement by consumers. The book also addresses market clearing under uncertainty, including the impact of equipment failures and wind energy. Each chapter includes practical examples, case studies, and exercises to reinforce the theoretical concepts. The appendices provide GAMS codes for various examples and data for a 24-node system, along with solutions to the exercises. The book is designed to be a valuable resource for professionals and researchers in the field of electricity market operations and management.The book "Decision Making Under Uncertainty in Electricity Markets" provides a comprehensive overview of decision-making processes in electricity markets, particularly focusing on stochastic programming and risk management. It begins with an introduction to electricity markets, including market organization, agents, and various markets such as futures, reserve, and regulation markets. The book then delves into the fundamentals of stochastic programming, covering random variables, stochastic processes, scenarios, and quality metrics. Subsequent chapters explore uncertainty characterization through scenario generation and reduction, risk management techniques, and the application of these concepts in different market contexts. Key topics include producer pool trading, wind power producer trading, futures market trading, medium-term retailer trading, and energy procurement by consumers. The book also addresses market clearing under uncertainty, including the impact of equipment failures and wind energy. Each chapter includes practical examples, case studies, and exercises to reinforce the theoretical concepts. The appendices provide GAMS codes for various examples and data for a 24-node system, along with solutions to the exercises. The book is designed to be a valuable resource for professionals and researchers in the field of electricity market operations and management.