Two-stage risk assessment of the electricity retailers in the day-ahead energy and primary-secondary reserve markets with flexible demand responses and parking lots

Dehghani, Ramin; Foroud, Asghar Akbari

doi:10.1016/j.est.2022.105626

Cited by 11 publications

(2 citation statements)

References 44 publications

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“…In terms of electricity retailers' electricity sales plans. literature [7] aims to deal with the retailer's self-scheduling problem that aims to maximize their performance in both reserve and energy markets while minimizing their financial risks. Reference [8] designed a stepped incentive pricing model for electricity retailers selling electricity in the day-ahead market.…”

Section: Introductionmentioning

confidence: 99%

Analysis Model of Electricity Purchasing Strategy for Electricity Retailers in Medium to Long Term Electricity Market

Dong,

Wang,

Gao

et al. 2024

Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17–19, 2023

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With the improvement of trading rules in the power market and the exploration of the potential for user side demand response, the role of power retailers in market transactions is becoming increasingly important. The current research on electricity retailers' purchasing plans mainly focuses on the risk avoidance of electricity retailers' multi market combination purchasing, lacking relevant research on the impact of user electricity consumption prediction errors and error adjustment methods on the cost changes of electricity retailers. This article proposes a profit calculation model and an electricity consumption prediction and adjustment model for power retailers. The power retailers are divided into conservative, general, and radical types, and the impact of the adjustment methods of power retailers for user electricity consumption prediction errors on the profits of power retailers is analyzed.

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Section: Introductionmentioning

confidence: 99%

Analysis Model of Electricity Purchasing Strategy for Electricity Retailers in Medium to Long Term Electricity Market

Dong,

Wang,

Gao

et al. 2024

Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17–19, 2023

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show abstract

“…The above demand response [5] refers to that when the reliability of the power system is threatened or the power price rises, the demand side changes its original power consumption behavior, reduces or changes the power consumption load for a certain period of time after receiving the compensation notice of inductive load reduction or the power price rise signal, so as to ensure the stability of the power grid, which is one of the important means to manage the demand side. The concept of demand response was first proposed in the United States [6] and applied to the reform of the global electricity market. Demand response has improved the market mechanism and further played the role of demand-side management in maintaining the reliability of the power grid system and improving the efficiency of the power market [7].…”

Section: Introductionmentioning

confidence: 99%

Study on the stability of power market regulation under the multi-user coupling demand response

Liu

Huang

Liu

et al. 2023

Eighth International Symposium on Advances in Electrical, Electronics, and Computer Engineering (ISAEECE 2023)

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In order to guide the demand-side electricity consumption behaviour of users, after investigating the whole social electricity consumption load of a county in southern China, according to the demand response, time-of-use electricity price and the reality of China's electricity market, this paper adopts the fast non-dominated sorting genetic algorithm with elite strategy to conduct a more in-depth optimization study on the demand-side management measures of three different users, and the conclusions are as follows: Combined with the practical problems in the electricity market transaction, a mathematical model with the minimum peak-valley difference of the load curve and the maximum power consumption comfort as the objective function is built, and the bundle of variables is established. The optimization results show that the multi-objective optimization on the demand side is slightly insufficient in smoothing the load curve, but considering the comfort of users' electricity consumption, the multi-objective optimization will improve its comprehensive performance and have stronger practicability, which can play a guiding role in the demand response behaviour of users and power trading in the power market, and provide a theoretical basis for actual trading.

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A Robust Satisficing Decision Model for Aggregator to Participate in Electricity Market Considering Users’ Willingness to Respond

Zhan,

Xu,

et al. 2024

Lecture Notes in Electrical Engineering

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Two-stage risk assessment of the electricity retailers in the day-ahead energy and primary-secondary reserve markets with flexible demand responses and parking lots

Cited by 11 publications

References 44 publications

Analysis Model of Electricity Purchasing Strategy for Electricity Retailers in Medium to Long Term Electricity Market

Analysis Model of Electricity Purchasing Strategy for Electricity Retailers in Medium to Long Term Electricity Market

Study on the stability of power market regulation under the multi-user coupling demand response

A Robust Satisficing Decision Model for Aggregator to Participate in Electricity Market Considering Users’ Willingness to Respond

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