Studyof theImpactof IntroducingSmartMeters in theSpanishElectricityMarket
DOI:
https://doi.org/10.24084/repqj15.458Keywords:
Smart metering, retailer, uncertainty, demand sidemanagement, risk managementAbstract
Theimpactofhourlyconsumptioninformationpro videdbysmartmetersontheoperationofariskaverseretailerin theSpanishelectricitymarketisstudied.Itisassumedtheretailer canmanagecertainamountofconsumers’demandtoreduceits operationcost. Itcanoperateintheforwardmarket,day-ahead market andbalancingmarket. Uncertainty inenergyprice in eachmarketanddemandfromconsumers istakenintoaccount throughscenario trees.ConditionalValueatRisk isusedas a riskmeasure.Model isposedas a linear two stages stochastic program. Themodel is applied toreal data fromtheSpanish market.
