Title : ( Stochastic Optimization of Demand Response Aggregators in Wholesale Electricity Markets )
Authors: Atefeh Zomorodi Moghadam , Javad Saebi , Mohammad Hossein Javidi Dasht Bayaz ,
Full TextAbstract
This paper proposes a stochastic framework for demand response (DR) aggregator to procure DR from customers and sell it to purchasers in the wholesale electricity market. The aggregator assigns fixed DR contracts with customers based on three different load reduction strategies. In the presented problem the uncertainty of market price is considered and the risk of aggregator participation is managed in stochastic optimization problem with CVaR. The feasibility of this problem is studied on a case of Alberta electricity market.
Keywords
DR aggregator; electricity market; risk management; stochastic optimization
@inproceedings{paperid:1053227,
author = {Zomorodi Moghadam, Atefeh and Saebi, Javad and Javidi Dasht Bayaz, Mohammad Hossein},
title = {Stochastic Optimization of Demand Response Aggregators in Wholesale Electricity Markets},
booktitle = {سی امین کنفرانس بین المللی برق},
year = {2015},
location = {تهران, IRAN},
keywords = {DR aggregator; electricity market; risk management; stochastic optimization},
}
%0 Conference Proceedings
%T Stochastic Optimization of Demand Response Aggregators in Wholesale Electricity Markets
%A Zomorodi Moghadam, Atefeh
%A Saebi, Javad
%A Javidi Dasht Bayaz, Mohammad Hossein
%J سی امین کنفرانس بین المللی برق
%D 2015
