A new paradigm for the relationship between power suppliers and users through EE services

Feng, Zhang; Yang, WonChul; Bai, Xiao-Juan; Yang, Xinyi; Lei, Mu; Liu, Y.Y.

doi:10.1049/cp.2015.0552

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“…Equation 7represents the cost calculation method based on the divided block's power demands and duration-based price. Equation (8) represents the relationship between the total power demand per hour and customers' loads resources. Inequality (9) constrains total power demand per hour to be positive.…”

Section: Lower Level Problemmentioning

confidence: 99%

“…Compared with hourly markets, block markets can reduce energy procurement costs more effectively in countries with large amounts of thermal power generation. In a competitive electricity market, power-retailing companies are considered as an intermediary link for purchasing electricity from wholesale markets (purchase level) and selling to customers (sales level) [8]. Demand response (DR) is a versatile tool of providing flexibility in electricity markets and has great effects in reducing electricity cost and maximising social welfare [9][10][11][12].…”

Section: Introductionmentioning

confidence: 99%

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