Energy management of end users modeling their reaction from a GENCO's point of view

In this study, price-controlled energy management problem of the end users are investigated in the generation scheduling and unit commitment problems of a generation company (GENCO) to minimize its overall cost. Herein, the reaction of end users with respect to the energy management schemes is modeled considering different mathematical behavioral models for the end users. It is shown that price-controlled energy management of end users has a considerable potential for minimizing the operation cost of a GENCO. In addition, it is proven that just an optimal scheme of energy management is able to result in the minimum value of operation cost for the GENCO.

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