The Electricity Purchasing and Selling Risk Control Optimization Model for Power Grid Corporation

Abstract

The cost of China Power Grid Company's purchasing power is influenced by the relationship between supply and demand of the industry chain, the impact of price fluctuations in the power purchase market, while, the terminal sales price is controlled by the government, not reflecting the supply and demand changes, which makes the income space of power grid corporation uncertainty, therefore, their operation is facing with risk. The paper constructs electricity purchasing and selling risk control optimization model for power Grid Corporation after considering users demand elasticity, electricity distribution in the contract market and real-time market, the compensation cost for users blackout based on the analysis for the influencing factors of Power Grid Corporation and the revenue calculation model.