Optimal price and quantity determination for retail electric power contracts

被引:105
|
作者
Gabriel, SA [1 ]
Conejo, AJ
Plazas, MA
Balakrishnan, S
机构
[1] Univ Maryland, Dept Civil & Environm Engn, College Pk, MD 20742 USA
[2] Univ Castilla La Mancha, Dept Elect Engn, E-13071 Ciudad Real, Spain
[3] ANB Enterprises Inc, Sugar Land, TX 77479 USA
关键词
contract design; electricity market; mixed-integer nonlinear programming; retailer viewpoint; stochastic optimization;
D O I
10.1109/TPWRS.2005.860920
中图分类号
TM [电工技术]; TN [电子技术、通信技术];
学科分类号
0808 ; 0809 ;
摘要
Considering the viewpoint of a retailer, this paper analyzes the problem of setting up contracts on both the supplier and end-user sides to maximize profits while maintaining an acceptable level of settlement risk. The proposed stochastic optimization model can assist retailers with these efforts and guide them in their contractual arrangements. A realistic example illustrates the capabilities of the methodology proposed.
引用
收藏
页码:180 / 187
页数:8
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