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This paper evaluates the economic effect of the Demand Response (DR) with Thermal Storage Air-conditioning (TSA) systems in electricity markets using market models based on the California Power Exchange (Cal-PX) and the Australian National Electricity Market (NEM). Our main objective is to evaluate the reductions in the Market Clearing Price (MCP) and wholesale purchase costs for all market participants...
Critical peak pricing (CPP) is an important means of demand response in electricity markets. As a flexible tariff mechanism, making rational CPP implementation strategies and selecting suitable critical days are crucial to its successful implementation. Based on an analysis of tariff scheme and implementation process of CPP, customer response to CPP is described by a price elasticity matrix of demand,...
Demand side real-time pricing (RTP) is a crucial measure of demand response (DR) in electricity markets. As an ideal retail tariff mechanism, price volatility risk of RTP can be rationally allocated among market participants by integrating various RTP-related hedge contracts. Based on RTP researches and experiences around the world, combining with random electricity price model, RTP-related hedge...
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