Optimal allocation in dual electric power markets for price-taker energy supplier

Allocation problem is one of the most important problems faced by an electric energy supplier under new market environment. In this paper, dual markets allocation for price-taker generator is modeled and researched while considering price risk and optimizing its profit. The method and solution of optimal dual allocation for the price-taker generator is given out. The numerical simulation for market allocation is shown and suggestion for generator to select risk factor is given out based on simulation.