Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17–19, 2023, Beijing, China

Research Article

Analysis Model of Electricity Purchasing Strategy for Electricity Retailers in Medium to Long Term Electricity Market

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  • @INPROCEEDINGS{10.4108/eai.17-11-2023.2342758,
        author={Chuang  Dong and Yueping  Wang and Jie  Gao and Jianwei  Gu and Wenbin  Zhang and Ping  Zhang},
        title={Analysis Model of Electricity Purchasing Strategy for Electricity Retailers in Medium to Long Term Electricity Market},
        proceedings={Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17--19, 2023, Beijing, China},
        publisher={EAI},
        proceedings_a={ICEMME},
        year={2024},
        month={2},
        keywords={electricity retail medium to long-term contract trading user electricity forecast additional costs},
        doi={10.4108/eai.17-11-2023.2342758}
    }
    
  • Chuang Dong
    Yueping Wang
    Jie Gao
    Jianwei Gu
    Wenbin Zhang
    Ping Zhang
    Year: 2024
    Analysis Model of Electricity Purchasing Strategy for Electricity Retailers in Medium to Long Term Electricity Market
    ICEMME
    EAI
    DOI: 10.4108/eai.17-11-2023.2342758
Chuang Dong1, Yueping Wang2,*, Jie Gao3, Jianwei Gu3, Wenbin Zhang1, Ping Zhang1
  • 1: PowerChina Northwest Engineering Corporation Limited
  • 2: North China Electric Power University
  • 3: China Renewable Energy Engineering Institute
*Contact email: wangyueping2022@126.com

Abstract

With the improvement of trading rules in the power market and the exploration of the potential for user side demand response, the role of power retailers in market transactions is becoming increasingly important. The current research on electricity retailers' purchasing plans mainly focuses on the risk avoidance of electricity retailers' multi market combination purchasing, lacking relevant research on the impact of user electricity consumption prediction errors and error adjustment methods on the cost changes of electricity retailers. This article proposes a profit calculation model and an electricity consumption prediction and adjustment model for power retailers. The power retailers are divided into conservative, general, and radical types, and the impact of the adjustment methods of power retailers for user electricity consumption prediction errors on the profits of power retailers is analyzed.