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Following advances in control and information technology, consumers are able to provide system reserve through flexible demand. In this way, consumers could maximise their benefit from electricity markets. This paper presents a new method for calculating the demand reserve offer function, where the costs and benefits that consumers derive from their participation in the reserve market are considered...
Advances in control and information technology in electric grids of the future offer new possibilities in the markets for the consumers. Using their flexible demand, not only can they influence the prices in the energy market but can also participate in the system reserve market. In the paper we present a new approach to the stochastic modeling of the demand-side reserve provision in co-optimized...
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