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Determination of Shadow Price of Iran Electricity Market Using the Fuzzy Electricity Generation Planning

Bahareh Hashemlou1 * , Arashk Masaeli1 , Hossein Sadeghi1 , Alireza Nasseri1 and Mohammadhadi Hajian1

1 Tarbiat Modares University, Tehran, Iran

DOI: http://dx.doi.org/10.12944/CWE.10.1.09

The present economies are so dependent on the electricity that even the short electricity outages cannot be tolerated. Decisions in Iran’s Electricity Grid are made on basis of the effective security of the units, which is rather distant from the price and market based planning. The present research was conducted to forecast the shadow price in Iran’s electricity market, for providing efficient tools for operators and transmitters of the market. Linear programming is among the powerful instruments for making instant balance and revealing the shadow price of electricity industry. Considering the uncertainty of the parameters involved in electricity grid models, implementation of fuzzy logic can be effective in regulating such parameters. Toward this aim, the present research was conducted using the shadow price of Iran’s electricity market within a time period from 20-Mar-2013 to 20-Mar-2014 using the fuzzy linear programming model. The results showed the shadow prices as 343 IRR and 383 IRR for the days with maximum and minimum use, respectively.

Iran’s Electricity Market; Shadow Price; Fuzzy Linear Programming

Copy the following to cite this article:

Hashemlou B, Masaeli A, Sadeghi H, Nasseri A, Hajian M. Determination of Shadow Price of Iran Electricity Market Using the Fuzzy Electricity Generation Planning. Curr World Environ 2015;10(1) DOI:http://dx.doi.org/10.12944/CWE.10.1.09

Copy the following to cite this URL:

Hashemlou B, Masaeli A, Sadeghi H, Nasseri A, Hajian M. Determination of Shadow Price of Iran Electricity Market Using the Fuzzy Electricity Generation Planning. Curr World Environ 2015;10(1). Available from: http://www.cwejournal.org/?p=8747

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