Electric Power ›› 2021, Vol. 54 ›› Issue (9): 156-164.DOI: 10.11930/j.issn.1004-9649.202005112

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Energy Purchasing Strategy of Electricity Retailer Considering the Responsibility of Renewable Energy Consumption

DAI Shangwen1, ZHANG Li1, LIU Ningning1, YANG Ming1, LIU Chang2, CAO Shengnan2   

  1. 1. Key Laboratory of Power System Intelligent Dispatch and Control of Ministry of Education (Shandong University), Jinan 250061, China;
    2. Marketing Service Center (Metrology Center), State Grid Shandong Electric Power Company, Jinan 250001, China
  • Received:2020-05-14 Revised:2020-06-18 Published:2021-09-14
  • Supported by:
    This work is supported by Science and Technology Project of State Grid Shandong Electric Power Company (No.SGSDYX00DFJS2100104)

Abstract: As one of the major players in electricity trading, the electricity retailer should actively undertake the responsibility of consuming renewable energy. To analyze the influence of the renewable portfolio standard (RPS) on electricity retailers, this paper constructed a new portfolio investment model of energy purchasing. Scenario analysis is performed to describe the uncertainty about the spot price and renewable energy output in electricity markets. The optimal energy purchasing strategy is developed with the minimum transaction cost based on the conditional value-at-risk (CVaR) as the goal, and the punishment mechanism for consumption responsibility examination is introduced to evaluate different examination criteria. The YALMIP toolbox in MATLAB is adopted to solve linear programming in this model. In addition, the influence of risk preference, RPS quotas, renewable-energy forecast accuracy, and the degrees of penalties from regulatory authorities on the optimal energy purchasing strategy of electricity retailers is analyzed by simulation. The results show that the proposed model is effective.

Key words: energy purchasing strategy, renewable portfolio standard, consumption responsibility, electricity retailer, green certificates