Incentive-based demand response model for maximizing benefits of electricity retailers

The change of customer behaviors and the fluctuation of spot prices can affect the benefits of electricity retailers. To address this issue, an incentive-based demand response (DR) model involving the utility and elasticity of customers is proposed for maximizing the benefits of retailers. The benef...

Full description

Bibliographic Details
Main Authors: Yanxin Chai, Yue Xiang, Junyong Liu, Chenghong Gu, Wentao Zhang, Weiting Xu
Format: Article
Language:English
Published: IEEE 2019-01-01
Series:Journal of Modern Power Systems and Clean Energy
Subjects:
Online Access:https://ieeexplore.ieee.org/document/8982270/