An Online Learning Approach to Buying and Selling Demand Response

23 Jul 2017Kia KhezeliEilyan Bitar

We adopt the perspective of an aggregator, which seeks to coordinate its purchase of demand reductions from a fixed group of residential electricity customers, with its sale of the aggregate demand reduction in a two-settlement wholesale energy market. The aggregator procures reductions in demand by offering its customers a uniform price for reductions in consumption relative to their predetermined baselines... (read more)

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