Traditionally, most consumers of electricity pay for their consumptions according to a fixed rate. With the advancement of Smart Grid technologies, large-scale implementation of variable-rate metering becomes more practical. As a result, consumers will be able to control their electricity consumption in an automated fashion, where one possible scheme is to have each individual maximize its own ...

This paper proposes a hybrid approach to optimal day-ahead pricing for demand response management. At the customer-side, compared with the existing work, a detailed, comprehensive and complete energy management system, which includes all possible types of appliances, all possible applications, and an effective waiting time cost model is proposed to manage the energy usages in households (lower ...

This paper proposes a novel decision making framework for an electricity retailer to procure its electric demand in a bilateral-pool market in presence of charging and discharging of electric vehicles (EVs). The operational framework is a two-stage programming model in which at the first stage, the retailer and EV aggregator do their medium-term planning. Determination of retailer's optimum sel...

perc.tamu.edu 1 any states have opened retail electricity markets to competition so that households can choose their electricity provider. As a result, consumers have the ability to choose their retail provider at unregulated prices, creating new markets where entrant retailers procure wholesale energy and market that energy to consumers. Across the world, the retail electricity sector is being...

The paper considers the problem of maximizing the profits of a retailer operating in the Italian electricity market. The problem consists in selecting the contracts portfolio and in defining the bidding strategy in the wholesales market while respecting the technical and regulatory constraints. A novel solution method based on a enhanced discovery of the search domain in the simulated annealing...

We consider multiple criteria decision-making problems where a group of decision-makers wants to find the most preferred solution from a discrete set of alternatives. We develop a method that uses achievement scalarizing functions for charting subsets of reference points that would support a certain alternative to be the most preferred one. The resulting descriptive information is provided to t...

Nowadays, multi-energy consumers in the industrial sector have a significant contribution exchange of different forms energy such as electricity, heat, and natural gas. So, can provide excellent opportunities for market players to trade power various markets. In this paper, new entity called retailer is introduced simultaneously meet both flexible non-flexible electrical, gas, heat demands cons...

Noncooperative Games for Autonomous Consumer Load Balancing Over Smart Grid. (August 2010) Tarun Agarwal, B.Tech., Indian Institute of Technology Madras Chair of Advisory Committee: Dr. Shuguang (Robert) Cui Traditionally, most consumers of electricity pay for their consumption according to a fixed-rate. The few existing implementations of real time pricing have been restricted to large industr...

building retailer equity increases revenue and profitability by insulating retailers from competitors. store image is the basis of retailer equity, but extant literature offers little in sight in to the empirical research which takes store image dimensions as antecedents of retailer equity. this paper establishes a theoretical and empirical basis that shows the impact of selected store image di...