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Short–term valuation of demand response
Citation
Nguyen, DT and Negnevitsky, M and de Groot, M, Short-term valuation of demand response, Proceedings of the 2012 IEEE Power & Energy Society General Meeting, 22-26 July, San Diego, California, USA, pp. 1-8. ISBN 978-1-4673-2729-9 (2012) [Refereed Conference Paper]
Copyright Statement
Copyright 2012 IEEE
Official URL: http://dx.doi.org/10.1109/PESGM.2012.6344783
Abstract
This paper proposes a novel assessment framework for estimating short-term financial benefits of demand response(DR) to be delivered to a deregulated power system. First, the framework analyzes DR costs and benefits for participants in a DR market, and for generators and retailers in the electricity trading market. Based on these local analyses, a global evaluation is performed to determine whether the optimized DR can produce a positive social surplus. If so, the DR will be dispatched during the time period under consideration. Case study is given on the Roy Billion ton test system (RBTS) to show the usefulness of the proposed assessment framework and to examine its scalability.
Item Details
| Item Type: | Refereed Conference Paper |
|---|---|
| Keywords: | demand response (DR), DR assessment, DR scheduling schemes, reliability assessment, spot price volatility. |
| Research Division: | Engineering |
| Research Group: | Electrical and Electronic Engineering |
| Research Field: | Renewable Power and Energy Systems Engineering (excl. Solar Cells) |
| Objective Division: | Energy |
| Objective Group: | Mining and Extraction of Energy Resources |
| Objective Field: | Mining and Extraction of Energy Resources not elsewhere classified |
| Author: | Nguyen, DT (Dr Thanh Nguyen) |
| Author: | Negnevitsky, M (Professor Michael Negnevitsky) |
| ID Code: | 82720 |
| Year Published: | 2012 |
| Deposited By: | Engineering |
| Deposited On: | 2013-02-14 |
| Last Modified: | 2013-11-21 |
| Downloads: | 0 |
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