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Risk-constrained offering strategies for a price-maker demand response aggregator

Authors: Mehrdad Taki; Sahand Ghavidel; Jiangfeng Zhang; Li Li; Mohammad Hossein Abbasi; Amin Rajabi; Mojtaba Jabbari Ghadi;

Risk-constrained offering strategies for a price-maker demand response aggregator

Abstract

Offering strategy of a price-maker demand response aggregator (DRA) in a two-settlement market is presented in this paper. The aggregator minimizes its cost by offering energy and price bids in the day-ahead market and energy bids in the balancing market. On the other hand, DRA optimally manages the aggregated demands of a large number of electric vehicles and properly distributes them through the time. The problem is formulated as a stochastic mixed-integer nonlinear optimization problem. The risk of the problem is managed by conditional value-at-risk measure and finally, the proposed approach is numerically evaluated through a detailed case study.

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
8
Top 10%
Average
Top 10%