Social profit optimization with demand response management in electricity market: a multi-timescale leader-following approach

• Main Authors: Wang, Jianzheng, Pang, Yipeng, Hu, Guoqiang
• Other Authors: School of Electrical and Electronic Engineering
• Format: Article
• Language: English
• Published: 2022
• Subjects: Engineering::Electrical and electronic engineering::Control and instrumentation::Control engineering; Electricity Market; Leader-Following Approach
• Online Access: https://hdl.handle.net/10356/162427
• Institution: Nanyang Technological University

In the electricity market, it is quite common that the market participants make ``selfish'' strategies to harvest the maximum profits for themselves, which may cause the social benefit loss and impair the sustainability of the market in the long term. Regarding this issue, we will study ho...