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| Content Provider | Springer Nature Link |
|---|---|
| Author | Chen, Zhiyuan Su, Yiwen Yan, Houmin |
| Copyright Year | 2012 |
| Abstract | This paper optimizes the electricity and renewable energy credit (REC) purchasing process for energy distribution. Electricity is traded in deregulated time-sequential markets at fluctuating prices. Optimal electricity purchasing under price and demand uncertainty is a challenging task for electricity distributors, and the recently implemented renewable portfolio standards (RPS) further complicate the purchasing process. Government regulatory decisions concerning the RPS require distributors to purchase corresponding certificates, namely RECs, equivalent to a certain percentage of their electricity sales. This paper formulates and optimizes the joint purchasing process for electricity and RECs. It also analyzes the effect of RPS policy on electricity distributors. |
| Starting Page | 184 |
| Ending Page | 203 |
| Page Count | 20 |
| File Format | |
| ISSN | 10043756 |
| Journal | Journal of Systems Science and Systems Engineering |
| Volume Number | 21 |
| Issue Number | 2 |
| e-ISSN | 18619576 |
| Language | English |
| Publisher | SP Systems Engineering Society of China |
| Publisher Date | 2012-06-16 |
| Publisher Place | Heidelberg |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Renewable energy credit information update dynamic programming Game Theory/Mathematical Methods Complexity Operations Research/Decision Theory |
| Content Type | Text |
| Resource Type | Article |
| Subject | Control and Systems Engineering Information Systems |
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