A Continuous Model for Demand‐Side Management in an Aggregator Model in Electricity Markets

PAMM, vol. 22

Abstract

Abstract We develop a novel time continuous Stackelberg game to model the interaction of costumers and aggregators in electricity markets. It features time dependent pricing policies that aim to align electricity consumption with its availability. Furthermore the model has the special potential of scalability with respect to the amount of costumers. We illustrate that in fact the aggregator can create an incentive to the costumer that is then changing its consumption behavior.

Authors 2

1. Anna Thünen corresponding

   Clausthal University of Technology

   Affiliation as printed

   Institut für Mathematik Clausthal University of Technology

   Email: [email protected]

2. Alena Ulke Aachen Institut für Geometrie und Praktische Mathematik

   RWTH Aachen University

   Affiliation as printed

   Institut für Geometrie und Praktische Mathematik RWTH Aachen University