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In the smart cities of the future, digital connectivity will become the cornerstone for implementing intelligent management of electric power from the side of demand. In particular, consumers will connect via communication networks and exchange data messages or share information. Utilization of information will allow consumers to manage their electricity consumption in a more efficient and economical...
This paper frames itself in the smart energy context where the power flow is controlled by price signals and elasticity models. In such a market, electricity prices dynamically vary and electricity consumers ought to respond with their electricity energy demand at specified time intervals. Initially load, and lately, price forecasting have been identified as essential technologies for market participants...
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