Economic Dispatch with Demand Response in Smart Grid: Bargaining Model and Solutions

This paper proposes an economic dispatch strategy for the electricity system with one generation company, multiple utility companies and multiple consumers, which participate in demand response to keep the electricity real-time balance. In the wholesale markets, multiple utility companies will commo...

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Bibliographic Details
Main Authors: Kai Ma, Congshan Wang, Jie Yang, Qiuxia Yang, Yazhou Yuan
Format: Article
Language:English
Published: MDPI AG 2017-08-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/10/8/1193