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A New and Separated Market for Demand Response in Restructured Power Systems

Citation

Nguyen, Duy Thanh and Negnevitsky, M and de Groot, M, A New and Separated Market for Demand Response in Restructured Power Systems, Proceedings of the 2011 IEEE PES Power Systems Conference and Exposition, 20-23 March 2011, Phoenix, Arizona, USA, pp. 867-874. ISBN 978-1-61284-787-0 (2011) [Refereed Conference Paper]

Copyright Statement

Copyright 2011 IEEE

DOI: doi:10.1109/PSCE.2011.5772510

Abstract

This paper introduces a new and separated market for the trading of Demand Response (DR) in a restructured power system. This market is called Demand Response eXchange or shortly DRX, in which DR is treated as a virtual resource to be exchanged between DR buyers and sellers. Buyers - including the Transmission System Operator (TSO), distributors, and retailers - need DR to improve the efficiency and reliability of their own businesses and systems. Sellers - including consumers through an aggregator - negotiate DR with those buyers. The DRX is modeled in the form of a pool-based market using microeconomic theory. In this market, a DRX Operator (DRXO) collects bids and offers from DR buyers and sellers respectively. It then clears the market by maximising the total market benefit subject to certain operational constraints. The DRX model is also tested on a small power system in comparison to conventional DR approaches, and its advantages are reported.

Item Details

Item Type:Refereed Conference Paper
Keywords:restructured power systems, demand response (DR), demand response exchange (DRX), microeconomic theory, public good
Research Division:Engineering
Research Group:Electrical and Electronic Engineering
Research Field:Electrical and Electronic Engineering not elsewhere classified
Objective Division:Energy
Objective Group:Other Energy
Objective Field:Energy not elsewhere classified
Author:Nguyen, Duy Thanh (Dr Thanh Nguyen)
Author:Negnevitsky, M (Professor Michael Negnevitsky)
ID Code:75316
Year Published:2011
Deposited By:Centre for Renewable Power Energy Systems
Deposited On:2012-01-23
Last Modified:2012-11-14
Downloads:1 View Download Statistics

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