A Short-Term Decision Model for Electricity Retailers: Electricity Procurement and Time-of-Use Pricing

A Short-Term Decision Model for Electricity Retailers: Electricity Procurement and Time-of-Use Pricing

This paper establishes a short-term decision model, based on robust optimization, for an electricity retailer to determine the electricity procurement and electricity retail prices. The electricity procurement process includes purchasing electricity from generation companies and from the spot market...

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Bibliographic Details
Main Authors: Feihu Hu, Xuan Feng, Hui Cao
Format: Article
Language:English
Published: MDPI AG 2018-11-01
Series:Energies
Subjects:
robust optimization
demand response
electricity procurement
spot market
time-of-use (TOU) pricing
Online Access:https://www.mdpi.com/1996-1073/11/12/3258

Internet

https://www.mdpi.com/1996-1073/11/12/3258

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