A research on the purchase quantity allocation between contract market and power auction market

DOI

10.2991/iske.2007.139How to use a DOI?

Keywords

Electricity market; electricity distribution; chance-constrained programming; genetic algorithm; risk analysis.

Abstract

In an open electricity market, electricity purchasers will trade in two different ways of marketing. Contract and power auction market, a typical decision-making issue is how to determine purchasing proportion of two markets to reduce purchase expenses and avoid risks. Based on chance constrained programming, a new purchase decision-making optimization model with stochastic constraint of Distribution Company is simplified into a definite model. Solution is genetic algorithm based on stochastic simulation which coordinates purchase expenses and risks successfully. Finally, a numerical simulation demonstrates the optimal distribution strategy clearly. Results indicate that it’s helpful for electricity purchasers to seek optimal investment strategy in electricity market.

Copyright

© 2007, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Haihuan Wang
AU  - Bin Zou
PY  - 2007/10
DA  - 2007/10
TI  - A research on the purchase quantity allocation between contract market and power auction market
BT  - Proceedings of the 2007 International Conference on Intelligent Systems and Knowledge Engineering (ISKE 2007)
PB  - Atlantis Press
SP  - 812
EP  - 817
SN  - 1951-6851
UR  - https://doi.org/10.2991/iske.2007.139
DO  - 10.2991/iske.2007.139
ID  - Wang2007/10
ER  -