Search results for "Real time pricing"
showing 3 items of 3 documents
Real-time pricing for aggregates energy resources in the Italian energy market
2015
Abstract Over the last decade, the architecture of the energy market has radically changed. In many countries end-users are now able to directly access the market, which has given rise to the question of how they can actively participate in that market. End-users can comprise a critical mass through aggregation that is carried out by a third party – to wit the “loads aggregator.” This paper proposes a new framework for generating feasible real-time price curves for those end-users in a demand-response management process. The underlying algorithm generates output curves as the solution to a constrained optimization problem whose objective function is the aggregator's economic benefit. A case…
Home energy management system : a home energy management system under different electricity pricing mechanisms
2014
Masteroppgave i fornybar energi ENE 500 Universitetet i Agder 2014 Peak demand is a severe problem in the electricity grid and it was solved by supply side management in the past. But nowadays the demand side management sources have drawn attention due to the economic and environmental constraints. Demand side management in the domestic sector can play an important role in reducing the peak demand on the power system network. It can help in reducing stress and overloading on the transmission and distribution lines. In many countries there are various demand response programs implemented for industrial and commercial loads. In these programs load control is primarily achieved by various type…
Stackelberg Game Theory Based Energy Management Systems in the Presence of Renewable Energy Sources
2021
The game theory concept has been adapted for energy management between energy producers and consumers in the presence of renewable energy sources (RES) and electric vehicles (EVs). The objective of...