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Demand Response (DR) plays an important role in shifting peak load, reducing energy consumption and so on, while Demand Response involves multi-party interests (power companies, users, etc.), so economic benefits of Demand Response and its distribution is very important for all the parties. On the basis of optimal spot pricing with Primal-dual interior point algorithm, the distribution pricing model...
Our analysis shows that there is likely to be minor short term risk or reward for electric utilities with respect to electric vehicle adoption, but also that significant long term value or risk exists, depending on how judiciously utilities manage pricing, charging and infrastructure. The margin of difference between profit and loss lies with the extent to which customer adoption is clustered, whether...
This paper discusses high-level functional requirements of the Energy Imbalance Service (EIS) market for the Southwest Power Pool (SPP) Regional Transmission Organization (RTO), in the USA. SPP has taken a controlled and step-by-step approach towards a full market model. Therefore, SPP has tried to introduce the EIS market on top of the traditional Market Participant (MP) activities with minimal impact...
This paper makes a prediction of Chinapsilas energy consumption in 2015. The assumption in this paper is established as that urbanization, industrial GDP and energy pricing indices are independent variables. With this hypothesis we select time as a single independent variable to make forecasting of these variables. In the paper, we firstly predict these variables with time series method and the tool...
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