Electricity Customers Gain Power to Manage Market Risks, Boost Profits
The article explores how electricity customers can make more money in the market by considering the risks of fluctuating prices. By using a method called VaR and extreme value theory, the researchers evaluated the risks of participating in day-ahead market transactions. They then created a model that helps customers make better decisions when buying electricity. The model was tested in a simulation and found to be effective in managing risks and increasing revenue.