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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...
Under the smart grid environments, Demand Response Resources (DRR) as a power system resources can effectively participate in and improve performance of electric systems. Congestion management is one of the technical challenges in which DRRs can play significant role. Previously, congestion management is applied without considering the power system uncertainties. Therefore, a stochastic congestion...
Since the emergence of power market, the target of power generating utilities has mainly switched from cost minimization to revenue maximization. They dispatch their power energy generation units in the uncertain environment of power market. As a result, multi-stage stochastic programming has been applied widely by many power generating agents as a suitable tool for dealing with self-scheduling strategies...
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