File(s) under permanent embargo
Pool-Based Demand Response Exchange - Concent and Modeling
conference contribution
posted on 2023-05-24, 10:53 authored by Nguyen, Duy Thanh, Michael NegnevitskyMichael Negnevitsky, de Groot, MIn restructured power systems, there are many independent players who benefit from demand response (DR). These include the transmission system operator (TSO), distributors, retailers, and aggregators. This paper proposes a new concept - demand response eXchange (DRX) - in which DR is treated as a public good to be exchanged between DR buyers and sellers. Buyers need DR to improve the reliability of their own electricity-dependent businesses and systems. Sellers have the capacity to significantly modify electricity demand on request. Microeconomic theory is applied to model the DRX in the form of a pool-based market. In this market, a DRX operator (DRXO) collects DR bids and offers from the buyers and sellers, respectively. In then clears the market by maximizing the total market benefit subject to certain constraints including: demand-supply balance, and assurance contracts related to individual buyer contributions for DR. The DRX model is also tested on a small power system, and its efficiency is reported.
History
Publication title
Pool-Based Demand Response Exchange - Concent and ModelingEditors
General Chair Kevin TaylorPagination
1677-1685ISBN
978-1-4577-1001-8Department/School
School of EngineeringPublisher
IEEE PESPlace of publication
Phoenix, Airzona, USAEvent title
2011 IEEE PES General MeetingEvent Venue
Detroit, USADate of Event (Start Date)
2011-07-24Date of Event (End Date)
2011-07-28Repository Status
- Restricted