Engineering
2 years ago

Electricity Prices Optimized for Consumers and Providers in Spot Market

Research on pricing model of electricity retail package in spot market
Bo Sui, Haibo Wu, Xi Wang, Jianing Zhu, Hao Yin, Yan Ma, Tengjian Li

Paper Summary

The article discusses how electricity prices in the spot market are connected to retail prices, and how companies can optimize package prices for both user satisfaction and profit. By analyzing the costs of electricity sales companies and user preferences, a pricing model was developed to find the best package prices.

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