real-time pricing schemes make the customers to feel the energy price volatility and improve their load profiles. however, these schemes have no significant effect on demand-side uncertainty reduction. in this paper, considering smart grid infrastructures and smart building energy management system (ems), a new real-time pricing scheme is presented to reduce the uncertainty of demand-side. in t...

reaching an electricity system which is both economically efficient and environmentally friendly is motivating countries to design and execute different types of tou demand response programs. but there are certain deficiencies which prevent these programs to effectively modify the load shape. smart grid as a means could help the electricity system to reach the highest demand side management ...

Pricing storage operation in the real-time market under demand and generation stochasticities is considered. A scenario-based stochastic rolling-window dispatch model formulated for market, consisting of conventional generators, utility-scale storage, distributed energy resource aggregators. We show that uniform pricing mechanisms require discriminative out-of-the-market uplifts, making settlem...

In this paper, an agent-based structure of the electricity retail market is presented based on which day-ahead (DA) energy procurement for customers is modeled. Here, we focus on operation of only one Retail Energy Provider (REP) agent who purchases energy from DA pool-based wholesale market and offers DA real time tariffs to a group of its customers. As a model of customer response to the offe...

We examine the effects of real-time pricing on welfare and consumer surplus in electricity markets. model consumers who purchase wholesale market. A second group contracts with retailers pays time-invariant retail prices. Electricity generating firms compete supply functions. Increasing number increases both types consumers. Yet, risk averse traditional prices are always better off. Collectivel...

Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. This paper evaluates the …rst program to expose residential consumers to hourly real-time pricing (RTP). I …nd that enrolled households are statistically signi…cantly price elastic and that consumers responded by conserving energy during peak hours, but...

Real-time pricing schemes make the customers to feel the energy price volatility and improve their load profiles. However, these schemes have no significant effect on demand-side uncertainty reduction. In this paper, considering smart grid infrastructures and smart building Energy Management System (EMS), a new real-time pricing scheme is presented to reduce the uncertainty of demand-side. In t...