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Two Market Models for Demand Response in Power Networks

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4 Author(s)
Lijun Chen ; Eng. & Appl. Sci. Div., California Inst. of Technol., Pasadena, CA, USA ; Na Li ; Low, S.H. ; Doyle, J.C.

In this paper, we consider two abstract market models for designing demand response to match power supply and shape power demand, respectively. We characterize the resulting equilibria in competitive as well as oligopolistic markets, and propose distributed demand response algorithms to achieve the equilibria. The models serve as a starting point to include the appliance-level details and constraints for designing practical demand response schemes for smart power grids.

Published in:

Smart Grid Communications (SmartGridComm), 2010 First IEEE International Conference on

Date of Conference:

4-6 Oct. 2010

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