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• W2247341135 abstract "This paper is concerned with integration of demand response from small loads such as residential small appliance into forward electricity market. We use a simple model and formulate the problem as a dynamic program that maximizes social welfare. We focus particularly in those electric appliances with intertemporal consumption constraint. The satisfaction of end-users from operating them are captured through a utility function, which is also time-correlated. We pursued Lagrange decomposition in order to solve the high complexity problem optimization of the complete system. The main purpose is to optimally schedule a day in advance Local Service Entity's (LSE) procurement and final-users consumption in the forward electricity market." @default.
• W2247341135 created "2016-06-24" @default.
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• W2247341135 date "2015-10-01" @default.
• W2247341135 modified "2023-09-27" @default.
• W2247341135 title "Optimal demand response based on time-correlated utility in forward power markets" @default.
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• W2247341135 doi "https://doi.org/10.1109/isgt-la.2015.7381222" @default.
• W2247341135 hasPublicationYear "2015" @default.
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