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Demand response program: Optimization for utilities of multi energy source suppliers and consumers based on social welfare framework

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Demand Response programs have been increasing rapidly in recent years, and it plays a vital role in improving power supply-demand balancing operation. In particular, peak-time-rebate-DR (PTR-DR) is expected to penetrate further because it brings benefit both electric power suppliers and consumers with a smaller burden on the consumer-side in comparison with the other DR types. |