Dynamic Sale Price Setting for Load Serving Entity's Profit Maximization

被引：0

作者：

Chawda, Sandeep ^{[1
]}

Mathuria, Parul ^{[2
]}

Bhakar, Rohit ^{[1
]}

Sreekumar, Sreenu ^{[3
]}

机构：

[1] MNIT Jaipur, Dept Elect Engn, Jaipur, Rajasthan, India

[2] MNIT Jaipur, Ctr Energy & Environm, Jaipur, Rajasthan, India

[3] NIT, Dept Elect & Electr Engn, Trichy, India

来源：

2020 IEEE POWER & ENERGY SOCIETY GENERAL MEETING (PESGM) | 2020年

关键词：

Dynamic sale prices; Elastic demand; Load serving entity; Renewable energy; Risk; ELECTRICITY; RETAILERS;

D O I：

暂无

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

This paper presents an optimization model to determine optimal dynamic sale prices and optimal energy procurement decisions of a load-serving entity (LSE) in the presence of solar energy for consumer's elastic demand. LSE determines these decisions to maximize its profit at a given level of risk. Consumer's elastic demand is considered by its price elasticity, and price uncertainty is modeled using the meanvariance approach. Optimal decisions of risk-neutral and riskaverse LSE are illustrated through a case study. Results indicate that LSE builds consumer demand by lowering sale prices during solar energy availability hours to utilize it optimally.

引用

页数：5

共 13 条

[1] Dynamic sale prices for load serving entity's risk based profit maximization
Chawda, Sandeep
Mathuria, Parul
Bhakar, Rohit
[J]. ELECTRIC POWER SYSTEMS RESEARCH, 2021, 201
[2] Load Serving Entity’s Profit Maximization Framework for Correlated Demand and Pool Price Uncertainties
Sandeep Chawda
Parul Mathuria
Rohit Bhakar
[J]. Smart Grids and Sustainable Energy, 8
[3] Load Serving Entity's Profit Maximization Framework for Correlated Demand and Pool Price Uncertainties
Chawda, Sandeep
Mathuria, Parul
Bhakar, Rohit
[J]. SMART GRIDS AND SUSTAINABLE ENERGY, 2023, 8 (01)
[4] Bi-Level Approach for Load Serving Entity’s Sale Price Determination under Spot Price Uncertainty and Renewable Availability
Sandeep Chawda
Parul Mathuria
Rohit Bhakar
[J]. Technology and Economics of Smart Grids and Sustainable Energy, 6
[5] Bi-Level Approach for Load Serving Entity's Sale Price Determination under Spot Price Uncertainty and Renewable Availability
Chawda, Sandeep
Mathuria, Parul
Bhakar, Rohit
[J]. TECHNOLOGY AND ECONOMICS OF SMART GRIDS AND SUSTAINABLE ENERGY, 2021, 6 (01):
[6] Load Serving Entitys Profit Maximization Framework for Correlated Demand and Pool Price Uncertainties (vol 8, 2, 2023)
不详
[J]. SMART GRIDS AND SUSTAINABLE ENERGY, 2023, 8 (02)
[7] Optimal Joint Bidding and Pricing of Profit-Seeking Load Serving Entity
Xu, Hanchen
Zhang, Kaiqing
Zhang, Junbo
[J]. IEEE TRANSACTIONS ON POWER SYSTEMS, 2018, 33 (05) : 5427 - 5436
[8] Dynamic investigations in a duopoly game with price competition based on relative profit and profit maximization
Askar, S. S.
Al-khedhairi, A.
[J]. JOURNAL OF COMPUTATIONAL AND APPLIED MATHEMATICS, 2020, 367
[9] Monopoly profit maximization model in the conditions of perfect price differentiation at a non-linear price setting
Fendek, Michal
Fendekova, Eleonora
[J]. 33RD INTERNATIONAL CONFERENCE MATHEMATICAL METHODS IN ECONOMICS (MME 2015), 2015, : 167 - 171
[10] Risk-based retailer profit maximization: Time of Use price setting for elastic demand
Chawda, Sandeep
Mathuria, Parul
Bhakar, Rohit
[J]. INTERNATIONAL TRANSACTIONS ON ELECTRICAL ENERGY SYSTEMS, 2019, 29 (08):

← 1 2 →