In this paper, a weighted combination of different demand vs. price functions referred to as Composite Demand Function (CDF) is introduced in order to represent the demand model of consuming sectors which comprise different clusters of customers with divergent load profiles and energy use...

This paper provides a technique to derive the bidding strategy in the day-ahead market for a large consumer that procures its electricity demand in both day-ahead market and a subsequent adjustment market. It is considered that hourly market prices are normally distributed and this correlation...

In the competitive electricity market, consumers seek strategies to meet their electricity needs at minimum cost and risk. This paper provides a technique based on Information Gap Decision Theory (IGDT) to assess different procurement strategies for large consumers. Supply sources include...