Optimization of electricity trading using linear programming

Minja R. Marinovic, Dragana D. Makajic-Nikolic, Milan J. Stanojevic & Lena S. Dordevic
In the last two decades, the liberalization of the electricity markets have been established in order to increase efficiency, harmonize and reduce electricity prices, make a better use of resources, give customers the right to choose their supplier and provide customers with a better service. This change made the electricity market competitive and introduced several new subjects. In this paper, we study one of these subjects: Electricity Trading Company (ETC) and its daily trading process....