Demand side management in a day-ahead wholesale market: A comparison of industrial & social welfare approaches

Demand side management in a day-ahead wholesale market: A comparison of industrial & social... •We compare two demand side management in a day-ahead electricity wholesale market.•We develop and reconcile social welfare & industrial DSM mathematical models.•We show the industrial netload has an additional forecast quantity of baseline.•We analytically and numerically show the model equivalence with accurate baseline.•We numerically demonstrate the baseline errors lead to higher and costlier dispatch. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Applied Energy Elsevier

Demand side management in a day-ahead wholesale market: A comparison of industrial & social welfare approaches

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Publisher
Elsevier
Copyright
Copyright © 2015 Elsevier Ltd
ISSN
0306-2619
D.O.I.
10.1016/j.apenergy.2015.07.014
Publisher site
See Article on Publisher Site

Abstract

•We compare two demand side management in a day-ahead electricity wholesale market.•We develop and reconcile social welfare & industrial DSM mathematical models.•We show the industrial netload has an additional forecast quantity of baseline.•We analytically and numerically show the model equivalence with accurate baseline.•We numerically demonstrate the baseline errors lead to higher and costlier dispatch.

Journal

Applied EnergyElsevier

Published: Oct 15, 2015

References

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