Designing Incentive-based Demand Response Program for Minimizing Financial Risk of Retailer during Peak Period

نویسندگان

1 1 Assistant Professor, Faculty of Engineering and Technology, University of Mazandaran, Babolsar, Iran.

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چکیده

In this paper, a customer incentive scheme is proposed for retailers to build an effective demand response program over the peak demand period to minimize the financial risk. Firstly, an objective function is formulated based on the market operation and an optimal incentive price is derived from this objective function. Secondly, ...