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• W2040887952 abstract "This paper proposes a new framework in which demand response (DR) is incorporated as an energy resource of electricity retailers in addition to the commonly used forward contracts and pool markets. In this way, a stepwise reward-based DR is proposed as a real-time resource of the retailer. In addition, the unpredictable behavior of customers participating in the proposed reward-based DR is modeled through a scenario-based participation factor. The overall problem is formulated as a stochastic optimization approach in which pool prices and customers’ participation in DR are uncertain variables. The feasibility of the problem is evaluated on a realistic case of the Australian National Electricity Market (NEM) and solved using General Algebraic Modeling System (GAMS) software." @default.
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• W2040887952 date "2014-12-01" @default.
• W2040887952 modified "2023-09-26" @default.
• W2040887952 title "Employing demand response in energy procurement plans of electricity retailers" @default.
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• W2040887952 doi "https://doi.org/10.1016/j.ijepes.2014.06.018" @default.
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