Edwin N. Mbinkar1,*, Derek Ajesam Asoh1,2,3, Jerome Ndam Mungwe3, Livinus Songyuh4, Emmanuel Lamfu5
Energy Engineering, Vol.119, No.6, pp. 2637-2654, 2022, DOI:10.32604/ee.2022.023419
Abstract An electricity market is a trading platform provided by the actors in the electricity sector to sell and buy electricity while maintaining the stability of the transmission network and minimizing energy losses. The management of electrical energy for rational use consists of all the operations that the consumers can carry out in order to minimize their electricity bill, while the producers optimize their benefits and the transmission infrastructure. The reduction of active and reactive power consumption and the smoothing of daily and yearly load profiles are the main objectives in this work. Many developed countries already have properly functioning electricity… More >
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