Hongming Yang1,*, Qian Yu1, Xiao Huang1, Ben Niu2, Min Qi3
Energy Engineering, Vol.118, No.2, pp. 285-301, 2021, DOI:10.32604/EE.2021.013734
Abstract The two-way interaction between smart grid and customers will continuously play an important role in enhancing the overall efficiency of the green and low-carbon electric power industry and properly accommodating intermittent renewable energy resources. Thus far, the existing electricity pricing mechanisms hardly match the technical properties of smart grid; neither can they facilitate increasing end users participating in the electricity market. In this paper, several relevant models and novel methods are proposed for pricing scheme design as well as to achieve optimal decision-makings for market participants, in which the mechanisms behind are compatible with demand response operation of end users… More >
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