paper
Feasibility of Using Discriminate Pricing Schemes for Energy Trading in Smart Grid
Wayes Tushar, Chau Yuen, Bo Chai, David B. Smith, H. Vincent Poor
Feasibility of Using Discriminate Pricing Schemes for Energy Trading in Smart Grid
Wayes Tushar, Chau Yuen, Bo Chai, David B. Smith, H. Vincent Poor
paper2014-07-22English
algorithmic tradingarxiv
Description
This paper investigates the feasibility of using a discriminate pricing scheme to offset the inconvenience that is experienced by an energy user (EU) in trading its energy with an energy controller in smart grid. The main objective is to encourage EUs with small distributed energy resources (DERs), or with high sensitivity to their inconvenience, to take part in the energy trading via providing incentive to them with relatively higher payment at the same time as reducing the total cost to the en...
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