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    ARTICLE

    How Load Aggregators Avoid Risks in Spot Electricity Market: In the Framework of Power Consumption Right Option Contracts

    Jiacheng Yang1, Xiaohe Zhai1, Zhongfu Tan1,2,*, Zhenghao He1

    Energy Engineering, Vol.119, No.3, pp. 883-906, 2022, DOI:10.32604/ee.2022.018033 - 31 March 2022

    Abstract There is uncertainty in the electricity price of spot electricity market, which makes load aggregators undertake price risks for their agent users. In order to allow load aggregators to reduce the spot market price risk, scholars have proposed many solutions, such as improving the declaration decision-making model, signing power mutual insurance contracts, and adding energy storage and mobilizing demand-side resources to respond. In terms of demand side, calling flexible demand-side resources can be considered as a key solution. The user's power consumption rights (PCRs) are core contents of the demand-side resources. However, there have been… More >

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