|
PURCHASE ALLOCATION AND BIDDING IN DUAL ELECTRIC POWER MARKETS WITH RISK MANAGEMENT
Ya’an Liu, Xiaohong Guan
Systems Engineering Institute, SKLMS Lab,
Xian Jiaotong University, Xian 710049, P. R. China
Tel: +86 29 266-4233
Email: xhguan@sei.xjtu.edu.cn
Purchase allocation problem is one of the most important problems faced by an electric energy service provider under new market environment. The optimal purchase allocation and bidding among dual electric energy markets are discussed in paper. First the deterministic system demand is considered and then case of stochastic system demand is studied. The optimal purchase is derived with respect to the statistical characteristics of the stochastic market prices and demand.
Keywords: Electric power market, demand bidding, stochastic optimization
Session slot T-We-M09: Generation scheduling, economic dispatching and power quality/Area code 7c : Power Plants and Power Systems
 | 