Minimising the expectation value of the procurement cost in electricity markets based on the prediction error of energy consumption
Abstract In this paper, we formulate a method for minimising the expectation value of the procurement cost of electricity in two popular spot markets: day-ahead and intra-day, under the assumption that expectation value of unit prices and the distributions of prediction errors for the electricity de...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2018-08-01
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| Series: | Pacific Journal of Mathematics for Industry |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1186/s40736-018-0038-7 |