Optimal electricity price calculation model for retailers in a deregulated market

  1. Yusta, J.M. 1
  2. Ramírez-Rosado, I.J. 2
  3. Dominguez-Navarro, J.A. 1
  4. Perez-Vidal, J.M. 3
  1. 1 Universidad de Zaragoza
    info

    Universidad de Zaragoza

    Zaragoza, España

    ROR https://ror.org/012a91z28

  2. 2 Universidad de La Rioja
    info

    Universidad de La Rioja

    Logroño, España

    ROR https://ror.org/0553yr311

  3. 3 Energy Services Division of McKinnon and Clarke, Arzobispo Morcillo 40, E-50006 Zaragoza, Spain
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Revista:
International Journal of Electrical Power and Energy Systems

ISSN: 0142-0615

Año de publicación: 2005

Volumen: 27

Número: 5-6

Páginas: 437-447

Tipo: Artículo

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DOI: 10.1016/J.IJEPES.2005.03.002 SCOPUS: 2-s2.0-18444367991 WoS: WOS:000229525500012 GOOGLE SCHOLAR

Otras publicaciones en: International Journal of Electrical Power and Energy Systems

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Resumen

The electricity retailing, a new business in deregulated electric power systems, needs the development of efficient tools to optimize its operation. This paper defines a technical-economic model of an electric energy service provider in the environment of the deregulated electricity market in Spain. This model results in an optimization problem, for calculating the optimal electric power and energy selling prices that maximize the economic profits obtained by the provider. This problem is applied to different cases, where the impact on the profits of several factors, such as the price strategy, the discount on tariffs and the elasticity of customer demand functions, is studied. © 2005 Published by Elsevier Ltd.