Complete liberalization of the energy market a challenge for the household consumer

Bolba, Marius; Munteanu, Radu; Iudean, Dan; Ceclan, Andrei

doi:10.1109/mps52805.2021.9492695

Cited by 2 publications

(1 citation statement)

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“…Because of its potential to improve economic benefits to electricity consumers, interest in the liberalized electricity market has been increasing in the last few years [6], [9], [10]. The authors in [11] formulated a bilevel programming model for a generation company's long-term generation capacity investment decision.…”

Section: Introductionmentioning

confidence: 99%

Contracting Strategy for Consumers With Distributed Energy Resources in the Liberalized Electricity Market

2022

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The rapid growth of distributed energy resources (DERs) and the new trends related to the electricity market can represent economic advantages for consumers; nevertheless, these trends can bring economic risks, such as high prices when contracting, and the inability to forecast information related to offers and demand. A contracting strategy is essential to minimize possible financial losses due to consumer exposure in the liberalized electricity market. This paper proposes a contracting strategy based on consumption forecasting and a pricing methodology to optimize the contract portfolio for consumers with DERs. A consumer with a photovoltaic system and battery storage system has been considered to model the contracting strategy through a mathematical programming approach developed in four stages; the first and second stages are nonlinear programming problems, the third stage is linear programming problem, and the last stage is mixed-integer linear programming problem. The results of the case study, considering a real consumer with and without DERs, show that the strategy successfully minimized consumer exposure in the electricity market, since with operation of DERs was reduced by 45.8% the energy consumption from the main grid and by 49.7% the need for contracting, optimizing the average price of the contract portfolio and making it possible to determine an optimal contracting strategy.

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Section: Introductionmentioning

confidence: 99%