Sharif Digital Repository

According to uncertainty of retailer's customers electricity load and energy price in day-ahead and real-time markets, different scenarios are faced to an electricity retailer. As a result, due to possibility of different scenarios accurance, profit and financial loss of retailer has uncertainty and significant financial risk is imposed to retailer. Electricity retailers for earning the expected profit, reduction ofpossibility of scenarios with little profit (or much loss) and reduction of their risks, use different sources. bilateral contracts, like forward and call option,local wind turbines, distributed generaion, demand response, like load shift and curtailment can be named. This... 

The penetration of variable energy resources together with the utilization of price sensitive loads have intensified supply and demand uncertainties in power systems. Accordingly, system operators and market participants are now seeking for new ways of managing risks within the power system. In this thesis, the risk management is studied from the viewpoints of market participants, transactive market operators and wholesale market operators. In this regard, the optimal bidding strategy of a market participant who participate in wholesale or transactive electricity markets is studied in chapter 3. To reach this goal, behaviors of both risk-neutral and risk-averse agents are modeled taking into... 

Electricity has been known as one of the humans’ essential needs. The emergence of a competitive environment in most aspects of humans life and its considerable impact on the economic system in recent years has promoted this idea that the electricity should be traded as a commodity. In this business, the competition has been based on the convenient access for subscribers, and the exclusive electricity environment has became a competitive environment. Therefore, new roles have emerged. These roles take place in the direction of generation, transmission and distribution of electrical energy with the aim of improving them. Retailer is one of the emerged roles for restructuring in the field of...