Short Term Electricity Procurement of Large Consumers Considering Tidal Power and Electricity Price Uncertainties

Najafi, Arsalan, Salari, Sanaz, Marzband, Mousa, Al-Sumaiti, Ameena and Pouresmaeil, Edris (2018) Short Term Electricity Procurement of Large Consumers Considering Tidal Power and Electricity Price Uncertainties. In: 2018 53rd International Universities Power Engineering Conference (UPEC). IEEE, pp. 1-5. ISBN 978-1-5386-2910-9

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Abstract

Seeking an economical way is the main goal of consumers in order to procure their electricity in a competitive electricity market. To achieve this goal, consumers participate in a day ahead or a real time electricity market along with delivering the output power of their distributed generation (DG) resources. Hence, this paper proposes a new model to procure the electricity of large consumers considering the prices uncertainties and the tidal power generators. In the proposed model, uncertainties are taken into account using a two stage stochastic programming method. The conditional value at risk (CVaR) as a risk index is utilized for decreasing the undesirable effects of uncertainties. The quality of the proposed approach is examined by doing simulations on a test case based upon the semi-real data.

Item Type:	Book Section
Subjects:	N900 Others in Business and Administrative studies
Department:	Faculties > Engineering and Environment > Mathematics, Physics and Electrical Engineering
Depositing User:	Becky Skoyles
Date Deposited:	31 May 2019 13:40
Last Modified:	08 Sep 2020 14:23
URI:	http://nrl.northumbria.ac.uk/id/eprint/39431

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