2018
DOI: 10.3390/en11051063
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Abstract: The openness of the electricity retail market results in the power retailers facing fierce competition in the market. This article aims to analyze the electricity purchase optimization decision-making of each power retailer with the background of the big data era. First, in order to guide the power retailer to make a purchase of electricity, this paper considers the users' historical electricity consumption data and a comprehensive consideration of multiple factors, then uses the wavelet neural network (WNN) m… Show more

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Cited by 5 publications
(4 citation statements)
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“…The purchase of energy in deregulated markets relies on wholesale and retail environments. Electricity retailers are intermediaries between producers and consumers of electricity [14,23]. They are entities that buy energy in the wholesale electricity market and resell it to customers through retail contracts at a fixed price over some time, ranging from months to years [11,14].…”
Section: Energy Marketsmentioning
confidence: 99%
See 3 more Smart Citations
“…The purchase of energy in deregulated markets relies on wholesale and retail environments. Electricity retailers are intermediaries between producers and consumers of electricity [14,23]. They are entities that buy energy in the wholesale electricity market and resell it to customers through retail contracts at a fixed price over some time, ranging from months to years [11,14].…”
Section: Energy Marketsmentioning
confidence: 99%
“…They are entities that buy energy in the wholesale electricity market and resell it to customers through retail contracts at a fixed price over some time, ranging from months to years [11,14]. For the closing of these contracts, retailers analyze the needs of consumers to estimate the load demand needed by each customer; this process guides the purchase of electricity, guaranteeing profits to retailers [23]. For there to be a competitive and efficient retail market, customers must seek and select the best contracts to their needs [24]; greater negotiation as well as supplier switching behavior would stimulate competitiveness and encourage a reduction in prices paid for electricity.…”
Section: Energy Marketsmentioning
confidence: 99%
See 2 more Smart Citations