TY - GEN
T1 - Deferrable loads in energy markets
T2 - 2014 American Control Conference, ACC 2014
AU - Materassi, Donatello
AU - Bolognani, Saverio
AU - Roozbehani, Mardavij
AU - Dahleh, Munther A.
PY - 2014/1/1
Y1 - 2014/1/1
N2 - The paper analyzes the optimal response of an individual consumer, with a deferrable demand for electricity, to exogenous stochastic prices. The main goal of the paper is (i) to introduce a model where many realistic features are taken into account (such as the presence of bounds on power consumption, the possibility of curtailment, and time correlation in the price process) (ii) determine an explicit and accurate mathematical description for the consumption policy of a rational consumer, and (iii) investigate the salient properties of these characterizations.
AB - The paper analyzes the optimal response of an individual consumer, with a deferrable demand for electricity, to exogenous stochastic prices. The main goal of the paper is (i) to introduce a model where many realistic features are taken into account (such as the presence of bounds on power consumption, the possibility of curtailment, and time correlation in the price process) (ii) determine an explicit and accurate mathematical description for the consumption policy of a rational consumer, and (iii) investigate the salient properties of these characterizations.
KW - Decentralized control
KW - Optimization
KW - Power systems
UR - http://www.scopus.com/inward/record.url?scp=84905715529&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84905715529&partnerID=8YFLogxK
U2 - 10.1109/ACC.2014.6859486
DO - 10.1109/ACC.2014.6859486
M3 - Conference contribution
AN - SCOPUS:84905715529
SN - 9781479932726
T3 - Proceedings of the American Control Conference
SP - 741
EP - 746
BT - 2014 American Control Conference, ACC 2014
PB - Institute of Electrical and Electronics Engineers Inc.
Y2 - 4 June 2014 through 6 June 2014
ER -