Pricing flexible electricity contracts

被引：47
|
作者：
Bjorgan, R [1 ]
Song, HL
Liu, CC
Dahlgren, R
机构：
[1] Univ Washington, Dept Elect Engn, Seattle, WA 98195 USA
[2] ALSTOM ESCA Corp, Bellevue, WA USA
来源：
IEEE TRANSACTIONS ON POWER SYSTEMS | 2000年 / 15卷 / 02期
基金：
美国国家科学基金会;
关键词：
electricity market; power system economics; pricing; stochastic optimization; stochastic dynamic programming; stochastic spot price process;
D O I：
10.1109/59.867128
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：
This paper is concerned with pricing of electricity contracts that allow flexible scheduling of the supply or demand of electric energy, The contracts are priced based on the principle of no-arbitrage. Variables of the contracts are used to determine arbitrage opportunities and the price of contracts. Pricing of flexible contracts involves a scheduling policy. By representing the spot price with an appropriate stochastic process, the scheduling policy can be found using stochastic dynamic programming. Simulation examples illustrate the tradeoffs between prices and scheduling flexibility.
引用
收藏
页码：477 / 482
页数：6
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