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3) Flexible load.
First, highly flexible load scheduling mechanisms are immature.
We assume that there are two types of flexible load residing in the microgrid system.
The convenience level setting is the function of set point of each flexible load.
Local agents include micro turbines, energy storage system and flexible load.
Nevertheless the need for validated crack growth estimations increases with the demand for flexible load cases.
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Flexible loads receive compensation from less flexible loads because the former can avoid a price spike by reducing load.
A transactive energy scheme is introduced in [45], where during a high-price event, flexible loads and less flexible loads negotiate to reach a consensus to reduce demand.
Among these flexible loads, HVAC draws most attention and is normally considered flexible for two reasons.
These loads are specified as flexible loads and are modeled as in [30].
Finally, in settings with very flexible loads adaptive pricing schemes may become a necessity.
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