1.

Consider a scenario where an aggregator serves electricity

to a set N of firms. The aggregator acts as the interface
between these firms and the power grid
--2.he aggregator purchases the total electricity needed by the firms from the
grid and then resells it to the firms.
--3.The aggregator does not have the opportunity to sell excess
electricity back to the grid
--4.each day is divided into two fixed, contiguous periods
peak hours and off-peak
hours
--5.hey could charge their storage dur-ing off-peak hours when electricity
is cheap,
--6.discharge it during peak hours when it becomes expensive.