A Pricing Strategy Reflecting the Cost of Power Volatility to Facilitate Decentralized Demand Response

Previous pricing strategies including time-of-use price and dynamic price reflect system marginal cost and calculate consumers' bills according to the quantity of their electricity usage. Little effort is made to understand the impact of power volatility on total production costs. This paper th...

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Bibliographic Details
Main Authors: Zhong Zhang, Furong Li, Heng Shi
Format: Article
Language:English
Published: IEEE 2019-01-01
Series:IEEE Access
Subjects:
Online Access:https://ieeexplore.ieee.org/document/8784185/