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Load recovery in demand response scheduling


Negnevitsky, M and Nguyen, DT and de Groot, M, Load recovery in demand response scheduling, 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

DOI: doi:10.1109/PESGM.2012.6344584


Load recovery is a major problem in scheduling demand response (DR) in a power system where they significantly increase the cost of electricity supply during off-peak periods. This paper analyses such intertemporal recovery effects on each customer and each involved stakeholder, using a novel financial valuation method termed ‘securitization’. Based on this local analysis, a global market clearing system is designed with the aim of maximizing a total market surplus, derived from the recoverybased DR, for all customers and stakeholders. The proposed DR scheduling approach via the securitization and market clearing is tested and its efficiency reported. Its potential applications as part of the future smart grid is also discussed.

Item Details

Item Type:Refereed Conference Paper
Keywords:demand response, demand response scheduling, demand response exchange, consumption delay, load recoveries, finance theory, securitization.
Research Division:Engineering
Research Group:Electrical engineering
Research Field:Electrical energy generation (incl. renewables, excl. photovoltaics)
Objective Division:Energy
Objective Group:Mining and extraction of energy resources
Objective Field:Mining and extraction of energy resources not elsewhere classified
UTAS Author:Negnevitsky, M (Professor Michael Negnevitsky)
UTAS Author:Nguyen, DT (Dr Thanh Nguyen)
ID Code:82735
Year Published:2012
Deposited By:Engineering
Deposited On:2013-02-15
Last Modified:2017-11-06

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