Proceedings of the 2007 International Conference on Intelligent Systems and Knowledge Engineering (ISKE 2007)

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

Authors
Haihuan Wang1, Bin Zou
1School of Communication and Control Engineering, Jiangnan University
Corresponding Author
Haihuan Wang
Available Online October 2007.
DOI
https://doi.org/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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Volume Title
Proceedings of the 2007 International Conference on Intelligent Systems and Knowledge Engineering (ISKE 2007)
Series
Advances in Intelligent Systems Research
Publication Date
October 2007
ISBN
978-90-78677-04-8
ISSN
1951-6851
DOI
https://doi.org/10.2991/iske.2007.139How to use a DOI?
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/).

Cite this article

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  - https://doi.org/10.2991/iske.2007.139
ID  - Wang2007/10
ER  -