A multi‐layer–multi‐player game model in electricity market
Hajar Kafshian,
Mohammad Ali Saniee Monfared
Abstract:Here, a novel tri‐level energy market model aimed at addressing the challenges posed by demand side management (DSM) in the electricity distribution company (EDC) is introduced. DSM has emerged as a new strategy employed by EDCs to manage and control electricity demand by encouraging end‐users to modify their electricity consumption patterns. This is achieved through the participation of demand response (DR) aggregators, which play a crucial role in assisting end‐users with strategies and technologies to reduc… Show more
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