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Table 14 Changes in optimal values of A and B with respect to their standard values

From: Minimising the expectation value of the procurement cost in electricity markets based on the prediction error of energy consumption

 

A

B

Precision of previous-day demand prediction decreases

Increase

Increase

Precision of same-day demand prediction increases

Decrease

Increase

Intra-day unit price approaches day-ahead unit price

Decrease

Increase

Intra-day unit price approaches penalty unit price

Increase

Decrease

Day-ahead unit price decreases

Increase

Decrease

Penalty unit price increases

Increase

Increase