Demand Response Management for Profit Maximizing Energy Loads in Real-Time Electricity Market

In this paper, we consider the profit-maximizing demand response of an energy load in the real-time electricity market. In a real-time electricity market, the market clearing price is determined by the random deviation of actual power supply and demand from the predicted values in the day-ahead market. An energy load, which requires a total amount of energy over a certain period of time, has the f...