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Optimal Selling Price and Energy Procurement Strategies for a Retailer in an Electricity Market by A.R. Hatami; H. Seifi; M.K. Sheikh-El-Eslami is a Engineering article available to read on EtoBox.

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In an electricity market, the retailer sets up contracts with the wholesale side for purchasing electricity and with the customers for its selling. This paper proposes a mathematical method based on mixedinteger stochastic programming to determine the optimal sale price of electricity to customers and the electricity procurement policy of a retailer for a specified period. The retailer has multiple choices for electricity procurement, such as spot market, forward contracts, call options and self-production. Risk is considered and modeled by conditional value-at-risk methodology. Also, the competition between retailers is modeled using a market share function. A case study is illustrated to demonstrate the capability of the proposed method.

Who reads Optimal Selling Price and Energy Procurement Strategies for a Retailer in an Electricity Market?

Author

A.R. Hatami; H. Seifi; M.K. Sheikh-El-Eslami

Publisher

Elsevier Science; Elsevier ; Elsevier BV (ISSN 0378-7796)

Published

2009

Language

EN

Field

Engineering (Physical Sciences)