2022
DOI: 10.48550/arxiv.2202.05517
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Electricity Consumption Forecasting for Out-of-distribution Time-of-Use Tariffs

Abstract: In electricity markets, electricity retailers or brokers want to maximize profits by allocating tariff profiles to endconsumers. One of the objectives of such demand response management is to incentivize the consumers to adjust their consumption so that the overall electricity procurement in the wholesale markets is minimized, e.g. it is desirable that consumers consume less during peak hours when cost of procurement for brokers from wholesale markets are high. We consider a greedy solution to maximize the ove… Show more

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