화학공학소재연구정보센터
Journal of Energy Engineering-ASCE, Vol.130, No.1, 1-17, 2004
Optimal retailer load estimates using Stochastic dynamic programming
In this paper, we describe a stochastic dynamic programming methodology for determining optimal forward load estimates for electric power retailers to their suppliers. This work describes both a model as well as results based on real data for the Electric Reliability Council of Texas market and provides insights useful for planning purposes for electric power retailers in the face of uncertain market prices and end-user loads.