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Authors: Patrizia Beraldi ; Luigi Gallo and Alessandra Rende

Affiliation: Department of Mechanical, Energy and Management Engineering, University of Calabria, Italy

Keyword(s): Bi-Level Optimization, Electricity Tariffs, Solar Production, Forecasting, Machine Learning Techniques.

Abstract: This paper presents a comprehensive approach to electricity tariff determination by integrating advanced Artificial Intelligence (AI) techniques with Bi-Level (BL) optimization. More specifically, AI techniques are used to obtain accurate forecasts of photovoltaic panel generation, which are then used as input parameters for a deterministic BL problem that models the interaction between a power supplier and a residential prosumer. To handle the high complexity of the BL formulations, the model is first reformulated into a single-level structure, and then linearized using an approach based on the application of the dual reformulation. An intensive experimental phase is carried out on a real case study to test the effectiveness of the proposed methodology and to quantify the impact of the forecast techniques on the supplier strategy.

CC BY-NC-ND 4.0

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Paper citation in several formats:
Beraldi, P.; Gallo, L. and Rende, A. (2024). A Learning Powered Bi-Level Approach for Dynamic Electricity Pricing. In Proceedings of the 13th International Conference on Operations Research and Enterprise Systems - ICORES; ISBN 978-989-758-681-1; ISSN 2184-4372, SciTePress, pages 390-397. DOI: 10.5220/0012465700003639

@conference{icores24,
author={Patrizia Beraldi. and Luigi Gallo. and Alessandra Rende.},
title={A Learning Powered Bi-Level Approach for Dynamic Electricity Pricing},
booktitle={Proceedings of the 13th International Conference on Operations Research and Enterprise Systems - ICORES},
year={2024},
pages={390-397},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012465700003639},
isbn={978-989-758-681-1},
issn={2184-4372},
}

TY - CONF

JO - Proceedings of the 13th International Conference on Operations Research and Enterprise Systems - ICORES
TI - A Learning Powered Bi-Level Approach for Dynamic Electricity Pricing
SN - 978-989-758-681-1
IS - 2184-4372
AU - Beraldi, P.
AU - Gallo, L.
AU - Rende, A.
PY - 2024
SP - 390
EP - 397
DO - 10.5220/0012465700003639
PB - SciTePress