Valenzuela, Jorge; Thimmapuram, Prakash R.; Kim, Jinho - In: Applied Energy 96 (2012) C, pp. 122-132
Assessing the impacts of dynamic-pricing under the smart grid concept is becoming extremely important for deciding its full deployment. In this paper, we develop a model that represents the response of consumers to dynamic pricing. In the model, consumers use forecasted day-ahead prices to shift...