#2589. Bi-Level Approach for Load Serving Entity’s Sale Price Determination under Spot Price Uncertainty and Renewable Availability
January 2027 | publication date |
Proposal available till | 30-05-2025 |
4 total number of authors per manuscript | 4500 $ |
The title of the journal is available only for the authors who have already paid for |
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Journal’s subject area: |
Economics and Econometrics;
Energy (all); |
Places in the authors’ list:
1 place - free (for sale)
2 place - free (for sale)
3 place - free (for sale)
4 place - free (for sale)
Abstract:
The article analyzes the problem of determining the selling price of an enterprise in conditions of uncertainty of the spot price. The results show that Load Service Enterprises (LSE) maximize their profits by increasing the difference between the revenue from the sale of electricity to consumers and the cost of purchasing that electricity. Considering the proposed selling prices, consumers minimize their electricity bills by planning their energy consumption.
Keywords:
Dynamic sale price; Hierarchical decision making; Load serving entity; Price uncertainty; Renewable energy
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