@inproceedings{36b6cf36992c440c8449a07b4f1a4d2c,
title = "The Impact of Aggregating Distributed Energy Resources on Electricity Market Efficiency",
abstract = "Distributed energy resources (DERs) have too small supply capacities to directly participate in a wholesale electricity market. In this paper, we study the efficiency of the market, when a collection of DERs are represented by a profit-maximizing aggregator. We model the interaction between the aggregator and the DER owners as a Stackelberg game. Our analysis characterizes the price of aggregation - the efficiency loss due to the strategic incentives of the aggregator in representing a collection of DERs as opposed to direct DER participation in the wholesale market.",
author = "Khaled Alshehri and Mariola Ndrio and Subhonmesh Bose and Tamer Ba{\c s}ar",
note = "Publisher Copyright: {\textcopyright} 2019 IEEE.; 53rd Annual Conference on Information Sciences and Systems, CISS 2019 ; Conference date: 20-03-2019 Through 22-03-2019",
year = "2019",
month = apr,
day = "16",
doi = "10.1109/CISS.2019.8692823",
language = "English (US)",
series = "2019 53rd Annual Conference on Information Sciences and Systems, CISS 2019",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
booktitle = "2019 53rd Annual Conference on Information Sciences and Systems, CISS 2019",
address = "United States",
}