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Market-based demand response scheduling in a deregulated environment
Citation
Nguyen, DT and Negnevitsky, M and de Groot, M, Market-based demand response scheduling in a deregulated environment, IEEE Transactions on Smart Grid, 4, (4) Article 6522207. ISSN 1949-3053 (2013) [Refereed Article]
Copyright Statement
Copyright 2013 IEEE
DOI: doi:10.1109/TSG.2013.2258410
Abstract
In this paper we investigate efficient schemes for scheduling demand response (DR) in a deregulated environment. We begin with an analysis of partial schemes which are being implemented in many established markets. These schemes can be considered inefficient due to externalities that occur amongst DR beneficiaries including the transmission network company (Transco), distribution network companies (Discos), and retail electricity companies (Recos). This limitation of existing schemes motivates the development of a new concept - demand response exchange (DRX) - a separated market for trading DR fairly and flexibly across all beneficiaries. The DRX concept is realized by introducing a pool-based market clearing scheme. Extensive simulations are provided to illustrate the effectiveness of our DRX proposal.
Item Details
Item Type: | Refereed Article |
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Keywords: | demand response, demand response exchange, deregulation, externalities, market-clearing, partial schemes |
Research Division: | Engineering |
Research Group: | Electrical engineering |
Research Field: | Electrical energy generation (incl. renewables, excl. photovoltaics) |
Objective Division: | Energy |
Objective Group: | Energy storage, distribution and supply |
Objective Field: | Energy systems and analysis |
UTAS Author: | Nguyen, DT (Dr Thanh Nguyen) |
UTAS Author: | Negnevitsky, M (Professor Michael Negnevitsky) |
ID Code: | 88396 |
Year Published: | 2013 |
Web of Science® Times Cited: | 56 |
Deposited By: | Engineering |
Deposited On: | 2014-01-31 |
Last Modified: | 2017-11-06 |
Downloads: | 0 |
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