energy storage system and active loads can participate in the electricity market operation through the collaborate management of DSR aggregator
which brings in economic benefits to the system as well as challenges on the optimal operation. A two-stage stochastic optimization model of DSR aggregator market strategy is built by taking its participation in the day-ahead energy market
real-time energy market and reserve market into consideration. In order to study the influence of DSR and electricity price uncertainties on the market strategy of DSR aggregator
conditional value at risk(CVaR)is employed for the risk measurement and management. Moreover
Shapley value theory and risk contribution theory are used to study the profit contribution of DSRs and the risk contribution of different risk factors in the operation of DSR aggregator. Numerical studies show the validity and effectiveness of the model proposed. The effects that DSR aggregator conducts on the DSR management
which are economical benefit increase and risk alleviation are proved through the numerical studies quantitatively as well as the profit and risk contribution of each DSR in the DSR aggregator operation.