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Retailer’s Medium-term Planning in Distribution Network Considering Uncertainty and Competitive Enviroment

Kharrati, Saeed | 2016

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  1. Type of Document: Ph.D. Dissertation
  2. Language: Farsi
  3. Document No: 48675 (05)
  4. University: Sharif University of Technology
  5. Department: Electrical Engineering
  6. Advisor(s): Ehsan , Mehdi
  7. Abstract:
  8. Electricity retailers are one of the power market entities which act as an intermediary between the producers in the wholesale market and the consumers in the retail side. The main task of a retailer in the power market is to set contract with the consumers to supply their electricity during a pre-specified time period and to participate in the wholesale market to supply the electricity needed by its costomers. Retailer’s contract with its customers may be a simple contract with a fixed pre-determined energy price or include some more complicated feathures such as involvement of a percent of green energy or variable price and demand response contracts. Moreover, retailer can supply its needed energy through different sources such as forward contracting with the producers, pool market participating and using its own generation units. Therefore, retailer’s med-term planning includes the optimal determination of the parameters of its contracts with the consumers as well as the optimal power purchasement strategy from different available sources. This planning problem is highly affected by the uncertainties involved in the power market, the competitive environment in the retail market and the customer’s behavior in retailer selection. Uncertainty modeling and risk management in the retailer's programming problem are incorporated using the stochastic programming, robust programming and a novel combination of these methods in this thesis. Moreover, customers' behavior in the retailer choice is modeled using an econometric model which enables us to model the competition in the retail market through a Nash equilibrium problem
  9. Keywords:
  10. Uncertainty ; Risk Management ; Stochastic Programming ; Retail Stores ; Competitive Market ; Medium-Term Planning ; Customer's Behavior in Retailer Selection

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