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A transactive energy framework can provide an integral management scheme that facilitates power delivery with high efficiency and reliability. To close the gap between wholesale and retail markets, this study presents a two-stage optimal scheduling model for distributed energy resources in the form of a virtual power plant (VPP) participating in the day-ahead (DA) and real-time (RT) markets. In the...
Transitioning to an infrastructure that integrates a more substantial portion of renewable energy sources into the larger energy portfolio is not effortless or without sacrifice; it has economic, technical as well as social challenges related to the decisions, choices and consequences in trying to establish new energy systems. Those decisions, choices and consequences are highly dependent on the social,...
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