Notation | Descriptions |
Parameter |
|
p | The retail price of electricity determined by government guidance, p > w |
X | Consumers demand for electricity follows a CDF of F(x), and its PDF is f(x) |
y | Electricity output density of renewable energy defined on the range [0, 1], it follows a CDF of H(y), and its PDF is h(y) |
q | Electricity output, it can be simplified as where is the effective output coefficient |
c | Unit installation cost of renewable energy |
| Share ratio of ESC to intermittent renewable plant under revenue sharing contract |
g | Unit cost of emergency electricity generation |
v | Unit compensation for unsold electricity of ESC under risk sharing contract, |
μ | Government subsidies for unit grid-connected electricity |
Variable |
|
Q | Electricity purchased quantity |
K | Installed capacity of renewable energy |
w | Wholesale electricity price |