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Keyword: Pricing
Cooperative Game Theory for Grid Service Pricing: A Utility-Centric Approach
This study presents a novel alternative to traditional Net Energy Metering (NEM) by proposing a set of innovative pricing schemes for solar customers participating in utility-led grid service programs through the aggregation of Distributed Energy Resources (DERs). Grounded in cooperative game theory, the proposed framework facilitates equitable and efficient value allocation among key stakeholders, namely…
Read More Evaluation of the Effects of Bidding Strategy with Customized Pricing on the Individual Prosumer in a Local Energy Market
Peer-to-peer (P2P) energy trading is a mechanism that allows people to share locally the energy they have generated from distributed renewable resources (DER), to generate profit form the unused resources and to reduce the cost for electricity for the household and in the community itself. This calls for the design of new energy markets, accompanied…
Read More A Novel Demand Side Management by Minimizing Cost Deviation
In the recent times power shortage has been a major setback to deal for the effective operation of power systems. Bridging the gap between generation and demand is known as Demand Side Management (DSM). For an effective DSM strategy to be implemented, it is crucial that both utility and customers be involved. By DSM, the…
Read More Method of Modelling Prices for R&D Products in the Case of their Transfer from Engineering Universities to the Business
Global changes caused by the IV Industrial revolution and globalization processes resulted in a redistribution of roles of participants in innovative infrastructures of countries. Universities are leading both in terms of generating R&D products and in terms of developing business activities. Now there is a problem of insufficient methodological support of technological universities for pricing…
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