Optimization of household energy consumption towards day-ahead retail electricity price in home energy management systems
Abstract
In this paper, a novel approach is proposed to optimize the behavior of household appliances towards retail electricity price. At the supply-side, a distributed generation-owning retailer participates in the wholesale electricity market, i.e. day-ahead and intraday trading floors. Considering the uncertainties associated with electricity price and wind/solar power, the retailer determines the retail price using stochastic programming. At the...
Paper Details
Title
Optimization of household energy consumption towards day-ahead retail electricity price in home energy management systems
Published Date
Feb 12, 2019
Volume
47
Pages
101468 - 101468
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