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Self-scheduling approach to coordinating wind power producers with energy storage and demand response
The uncertainty of wind energy makes wind power producers (WPPs) incur profit loss due to balancing costs in electricity markets, a phenomenon that restricts their participation in markets. This paper proposes a stochastic ...
Application of opportunistic information-gap decision theory on demand response aggregator in the day-ahead electricity market
The proposed model analyzes the profit of a demand response (DR) aggregator from trading DR in the day-ahead electricity market in a way that it tends to gain profit from the favorable deviations of the uncertain parameters. ...