An optimal bidding model of controllable loads is proposed to minimize the worst-case conditional expectation of electricity purchase cost simultaneously in day-ahead and real-time markets. By reformulating the worst-case conditional value-at-risk (CVaR) constraints, a solvable semi-definite program (SDP) is presented to relax the moment uncertainty of electricity price and simultaneously determine the optimal day-ahead bid and real-time increment/decrement bid.
No takes yet. Share an insight, caveat, or question.
Yang et al. (2017) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: