Multi-period optimal energy procurement and demand response in smart grid with uncertain supply

We propose a simple model that integrates two-period electricity markets, uncertainty in renewable generation, and real-time dynamic demand response. A load-serving entity decides its day-ahead procurement to optimize expected social welfare a day before energy delivery. At delivery time when renewa...

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Bibliographic Details

Published in:	2011 50th IEEE Conference on Decision and Control and European Control Conference pp. 4348 - 4353
Main Authors:	Libin Jiang, Low, S.
Format:	Conference Proceeding
Language:	English
Published:	IEEE 01.12.2011
Subjects:	Correlation Electricity Home appliances Load management Procurement Real time systems Renewable energy resources
ISBN:	9781612848006, 1612848001
ISSN:	0191-2216
Online Access:	Get full text
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