Optimization of Electricity Purchase and Sales Strategies of Electricity Retailers under the Condition of Limited Clean Energy Consumption

1Citations
Citations of this article
5Readers
Mendeley users who have this article in their library.

Abstract

In the process of my country’s energy transition, the clean energy of hydropower, wind power and photovoltaic power generation has ushered in great development, but due to the randomness and volatility of its output, it has caused a certain waste of clean energy power generation resources. Regarding the purchase and sale of electricity by electricity retailers under the condition of limited clean energy consumption, this paper establishes a quantitative model of clean energy restricted electricity from the perspective of power system supply and demand balance. Then it analyzes the source-charge dual uncertain factors in the electricity retailer purchasing and selling scenarios in the mid-to long-term electricity market and the day-ahead market. Through the multi-scenario analysis method, the uncertain clean energy consumption and the user’s power demand are combined to form the electricity retailer’s electricity purchase and sales scene, and the typical scene is obtained by using the hierarchical clustering algorithm. This paper establishes a electricity retailer’s risk decision model for purchasing and selling electricity in the mid-and long-term market and reduce-abandonment market, and takes the maximum profit expectation of the electricity retailer from purchasing and selling electricity as the objective function. At the same time, in the medium and long-term electricity market and the day-ahead market, the electricity retailer’s purchase cost, electricity sales income, deviation assessment cost and electricity purchase and sale risk are considered. The molecular results show that electricity retailers can obtain considerable profits in the reduce-abandonment market by optimizing their own electricity purchase and sales strategies, on the premise of balancing profits and risks.

Cite

CITATION STYLE

APA

Liao, P., Liu, H., Wang, Y., & Liao, N. (2023). Optimization of Electricity Purchase and Sales Strategies of Electricity Retailers under the Condition of Limited Clean Energy Consumption. Energy Engineering: Journal of the Association of Energy Engineering, 120(3), 701–714. https://doi.org/10.32604/ee.2022.024301

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free