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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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