1. Real-time pricing for aggregates energy resources in the Italian energy market.
- Author
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Favuzza, S., Galioto, G., Ippolito, M.G., Massaro, F., Milazzo, F., Pecoraro, G., Riva Sanseverino, E., and Telaretti, E.
- Subjects
- *
POWER resources , *PRICING , *ENERGY industries , *REAL-time control , *END users (Information technology) - Abstract
Over the last decade, the architecture of the energy market has radically changed. In many countries end-users are now able to directly access the market, which has given rise to the question of how they can actively participate in that market. End-users can comprise a critical mass through aggregation that is carried out by a third party – to wit the “loads aggregator.” This paper proposes a new framework for generating feasible real-time price curves for those end-users in a demand-response management process. The underlying algorithm generates output curves as the solution to a constrained optimization problem whose objective function is the aggregator's economic benefit. A case simulation study of the Italian market, with various parameter options, illustrates the procedure. [ABSTRACT FROM AUTHOR]
- Published
- 2015
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