We analyze the procurement problem in the electricity supply chain, focusing on the interaction between futures and spot prices. The supply chain network analyzed in our study includes risk-averse generators and retailers, both with the ability to use conditional value at risk (CV@R) in their...

Demand response (DR) programs have gained much attention during the last three decades to optimize the decisions of the electricity market participants considering demand-side management (DSM). They can potentially enhance system reliability and manage price volatility by modifying the amount or...