A Study of Quantitative Electricity Pricing Models in Electricity Markets and Their Application in the Iran Energy Exchange

Nowadays, due to different statistics in energy sector and lots of problems in this sector around the world, modeling and planning in energy markets are getting more important. Power market is also the same. Understanding the dynamics of electricity prices and its modeling is one of the most important notes in having effective strategies for electricity trading and related risk management. In this article, besides studying the necessity of modeling in energy sector, various types of electricity price modeling methods are reviewed. Finally, the constraints of these models in specific circumstances are reviewed, and the application of power pricing models in the power market of Iran Energy Exchange is presented.

کلیدواژه ها:

Quantitative Electricity Pricing Models ، stochastic model ، spot pricing ، power exchange