Investing and Pricing with Supply Uncertainty in Electricity Market:A General View Combining Wholesale and Retail Market

Renewable energy,such as wind and solar energy,may vary signifi cantly over time and locations depending on the weather and the climate conditions.This leads to the supply uncertainty in the electricity(power) market with renewable energy integrated to power grid.In this paper,electricity in the market is classified into two types:stablesupply electricity(SSE) and unstablesupply electricity(USE).We investigate the investment and pricing strategies under the electricity supply uncertainty in wholesale and retail electricity market.In particular,our model combines the wholesale and retail market and capture the dominant players,i.e.,consumers,power plant(power operator),and electricity supplier.To derive the market behaviors of these players,we formulate the market decision problems as a multistage Stackelberg game.By solving the game model,we obtain the optimal,with closedform,wholesale investment and retail pricing strategy for the operator.We also obtain the energy supplier's best price mechanism numerically under certain assumption.We fi nd the price of SSE being about 1.4 times higher than that of USE will benefi t energy supplieroptimally,under which power plant's optimal strategy of investing is to purchase USE about 4.5 times much more than SSE.

Multi-timescale optimization scheduling of interconnected data centers based on model predictive control

With the promotion of“dual carbon”strategy,data center(DC)access to high-penetration renewable energy sources(RESs)has become a trend in the industry.However,the uncertainty of RES poses challenges to the safe and stable operation of DCs and power grids.In this paper,a multi-timescale optimal scheduling model is established for interconnected data centers(IDCs)based on model predictive control(MPC),including day-ahead optimization,intraday rolling optimization,and intraday real-time correction.The day-ahead optimization stage aims at the lowest operating cost,the rolling optimization stage aims at the lowest intraday economic cost,and the real-time correction aims at the lowest power fluctuation,eliminating the impact of prediction errors through coordinated multi-timescale optimization.The simulation results show that the economic loss is reduced by 19.6%,and the power fluctuation is decreased by 15.23%.

Optimal procurement strategy of fresh produce retailer under stochastic product qualification and market demand

Consider an optimal procurement strategy for fresh produce,which is a type of perishable product.Due to the different quality provided by each manufacturer,the fresh produce qualification rates are dissimilar.Simultaneously,consumers demand is influenced by the freshness and price of products,as a result,the demand in the market is not fixed.In this scenario,how a particular retailer should develop an optimal procurement strategy will be a core issue in supply chain management.In order to address the above questions,the Bayesian approach is adopted to explore retailer optimal procurement strategies with uncertainty about product supply and market demand.Finally,simulation data are used to analyse the results of the proposed model and expected non-random model to illustrate the validity and feasibility of the proposed model.