Title :
Optimal allocation in dual electric power markets for price-taker energy supplier
Author :
Liu, Ya´an ; Xue, Yusheng ; Guan, Xiaohong
Author_Institution :
Nanjing Autom. Res. Inst., China
Abstract :
Allocation problem is one of the most important problems faced by an electric energy supplier under new market environment. In this paper, dual markets allocation for price-taker generator is modeled and researched while considering price risk and optimizing its profit. The method and solution of optimal dual allocation for the price-taker generator is given out. The numerical simulation for market allocation is shown and suggestion for generator to select risk factor is given out based on simulation.
Keywords :
electricity supply industry; power markets; pricing; risk management; electric energy supplier; electric power market; market allocation; numerical simulation; optimal dual allocation; price-taker energy supplier; price-taker generator; risk factor; Asset management; Automation; Large-scale systems; Numerical simulation; Power engineering and energy; Power markets; Power system modeling; Power system stability; Risk management; Systems engineering and theory;
Conference_Titel :
Services Systems and Services Management, 2005. Proceedings of ICSSSM '05. 2005 International Conference on
Print_ISBN :
0-7803-8971-9
DOI :
10.1109/ICSSSM.2005.1500220
