Abstract
A solution technique is formulated and provided for the electricity procurement problem faced by a large consumer. The objective of this consumer is to minimise procurement cost while limiting the risk of cost fluctuation due to pool price volatility. Electricity sources include the pool, bilateral contracts and self-production. Uncertainty is related to electricity pool prices. A realistic case study is analysed and results presented. Conclusions are duly drawn.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: IEE Proceedings - Generation, Transmission and Distribution
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
