Financial Risk Management of an Electricity Retailer in the Presence of Intermittent Generation and Demand Response

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Zare, Sajad | 2018

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 51222 (05)
University: Sharif University of Technology
Department: Electrical Engineering
Advisor(s): Fotuhi Firuzabad, Mahmud
Abstract:
According to uncertainty of retailer's customers electricity load and energy price in day-ahead and real-time markets, different scenarios are faced to an electricity retailer. As a result, due to possibility of different scenarios accurance, profit and financial loss of retailer has uncertainty and significant financial risk is imposed to retailer. Electricity retailers for earning the expected profit, reduction ofpossibility of scenarios with little profit (or much loss) and reduction of their risks, use different sources. bilateral contracts, like forward and call option,local wind turbines, distributed generaion, demand response, like load shift and curtailment can be named. This research is designing a computational framework for calculating profit and risk, by using CVaR method. Impact of all mentioned resources will be studied on existing uncertainties, retailer profit and risk. At last, case studies are implemented and some suggestions for retailers are explained
Keywords:
Risk Management ; Distributed Generation ; Demand Response ; Energy Retailing ; Forward Contract ; Call Option

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