Inspec keywords: pricing; load dispatching; demand side management; integer programming; power markets; power system economics; load regulation; power consumption; nonlinear programming

Other keywords: market-based demand response; air-conditioning load aggregators; hierarchical deregulated day-ahead market architecture; mixed-integer non-linear optimisation problem; aggregated demand response capacity; load dispatch cost; air-conditioning load control strategies; air-conditioning load aggregator; bilayer interaction strategy; load regulation potential

Subjects: Power system management, operation and economics; Optimisation techniques