Strategic retail pricing and demand bidding of retailers in electricity market: A data-driven chance-constrained programming

This paper proposes a novel bi-level optimization model to study the strategic retail pricing and demand bidding problems of an electricity retailer that considers the interactions between demand response and market clearing process. In order to accurately forecast the day-ahead demand bids submitte...

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Bibliographic Details
Main Authors: Dawei Qiu, Zihang Dong, Guangchun Ruan, Haiwang Zhong, Goran Strbac, Chongqing Kang
Format: Article
Language:English
Published: Elsevier 2022-09-01
Series:Advances in Applied Energy
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S266679242200018X