Skip to main content
Disciplines
Automotive Business IT + Informatics Construction + Real Estate Electrical Engineering + Electronics Energy + Sustainability Insurance + Risk Finance + Banking Management + Leadership Marketing + Sales Mechanical Engineering + Materials
Events
DE
EN
Books
Journals
Topic Page
Marketing
Start single access now
Access for companies
EXTENDED SEARCH
Log in
Top
Published in:
A Novel Loss of Excitation Protection Principle for Synchronous Condenser Based on Leading Rate Read chapter Read first chapter

2020 | OriginalPaper | Chapter

Power Trading Strategy Considering User Response Characteristics Under Incentive Conditions

Authors : Xun Dou, Pan Zhang, Ping Shao, Yanmin Guo, Xin Zhang

Published in: Proceedings of PURPLE MOUNTAIN FORUM 2019-International Forum on Smart Grid Protection and Control

Publisher: Springer Nature Singapore

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

China is now undergoing a major power section reform. On the electricity market side, the reform enables the power sale to be more market dominated. Thus for major power retailers, the needs of more flexible and economic sale strategies become bottlenecks to keep up with the market changes. In this paper, we target at incentive-based demand response scheme, and propose a power trading strategy considering load payback effect. We divide the power market as long-term market and day-ahead market. Then we develop a fine-grain power procurement and sale model considering both markets to maximize the profit of the retailer. Simulation from GAMS show the validity and effectiveness of the proposed model.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

inform now
previous chapter Analysis of the Characteristics of Cross-Border Power Trade Network Based on Complex Network Theory
next chapter Real-Time Generation Scheduling Model and Its Application Considering Deep Peaking of Thermal Power Units
Literature
1.
Di S (2008) Research on return-risk of power purchasing and selling for REPs in the electricity retail market. North China Electric Power University, Beijing
2.
Hailun H (2012) Optimal strategy for distribution companies to purchase and sell electricity and manage risk considering consumers’ price elasticity of demand. J Shanghai Jiaotong Univ
3.
Zhao Y, Jiang C, Zhao Y et al (2017) Skewness-WCVaR based dynamic procurement strategy for electricity retailers. Power Syst Clean Energy 33(1):130–136
4.
Kettunen J, Salo A, Bunn DW (2010) Optimization of electricity retailer’s contract portfolio subject to risk preferences. IEEE Trans Power Syst 25(1):117–128CrossRef
5.
Zhu Q (2012) Research on bidding and electricity purchasing strategies in electricity market based on uncertainty theory. North China Electric Power University
6.
Li C, Wang Q, Wen F (2007) Chance-constrained programming based approach to optimal purchasing strategies of distribution companies. Proc CSU-EPSA 19(6):12–17
7.
Zhu W, Xie P (2015) Influence analysis of CVaR model based TOU electricity price on portfolio strategy. Power Syst Prot Control 43(14):16–21
8.
Yang M, Ai X, Tang L et al (2016) Optimal trading strategy in balancing market for electricity retailer considering risk aversion. Power Syst Technol 40(11):3300–3308
9.
Hatami A, Seifi H, Sheikh-El-Eslami MK (2011) A stochastic-based decision-making framework for an electricity retailer: time-of-use pricing and electricity portfolio optimization. IEEE Trans Power Syst 26(4):1808–1816CrossRef
10.
Zou P, Li C, Guo J et al (2017) Optimal marketing strategy of distribution and retail companies considering interruptible load. South Power Syst Technol 11(2):71–77
11.
Yangfang Y, Jichun L (2017) Two-stage decision-making method of retailers Considering power transfer strategy. Autom Electr Power Syst
12.
Manlan G, Haoyong C, Cong Z et al (2017) Optimal marketing strategy of retailers under energy deviation penalty. Autom Electr Power Syst
13.
Luo Q, Sonu Y (2015) Marketing strategy in competitive retail market considering interruptible load. Autom Electr Power Syst 39(17):134–139
14.
Li Y, Wang Y, Nazarian S et al (2014) A nested game-based optimization framework for electricity retailers in the smart grid with residential users and PEVs. In: Online conference on green communications. IEEE, pp 157–162
15.
Wu G, Jiang J, Hua D (2005) Research on contract trade model considering real-time market. Electr Power Autom Equip 25(2):18–21 (in Chinese)
16.
Wang L, Zhang L, Zhang F et al (2018) Decision-making and risk assessment of purchasing and selling business for electricity retailers. Autom Electr Power Syst
17.
Balram P, Le AT, Tjernberg LB (2013) Stochastic programming based model of an electricity retailer considering uncertainty associated with electric vehicle charging. In: European energy market. IEEE, pp 948–951
18.
Dai Y, Gao Y (2014) Real-time pricing strategy with multi-retailers based on demand-side management for the smart grid. Proc CSEE 34(25):4244–4249
19.
Cheng Y, An S (2013) Analysis of active load’s interaction response behavior. Autom Electr Power Syst 37(20):63–70
20.
Yang Y, Lizi Z, Shenzheng W (2012) Optimization strategy and model of load control considering power consumption efficiency. Autom Electr Power Syst
Metadata
Title
Power Trading Strategy Considering User Response Characteristics Under Incentive Conditions
Authors
Xun Dou
Pan Zhang
Ping Shao
Yanmin Guo
Xin Zhang
Copyright Year
2020
Publisher
Springer Nature Singapore
Book
Proceedings of PURPLE MOUNTAIN FORUM 2019-International Forum on Smart Grid Protection and Control

Print ISBN: 978-981-13-9778-3

Electronic ISBN: 978-981-13-9779-0

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-981-13-9779-0_80