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The industrial sector is one of the largest energy consumers in the world. To alleviate the grid’s burden during peak hours, time-of-use (TOU) electricity pricing has been implemented in many countries around the globe to encourage manufacturers to shift their electricity usage from peak periods to off-peak periods. In this paper, we study the unrelated parallel machine scheduling problem under a...
In this paper, we investigate real-time pricing for a power grid operator that sells electric power to a set of self-interested aggregators within a particular day, named actual day. We propose a real-time pricing scheme for the grid operator to manage demand response (DR) of aggregators upon a contingency of supply deficiency. Under our scheme, the grid operator offers real-time discounted electricity...
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