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Short–term valuation of demand response
conference contribution
posted on 2023-05-23, 07:21 authored by Nguyen, DT, Michael NegnevitskyMichael Negnevitsky, de Groot, MThis 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.
History
Publication title
Proceedings of the 2012 IEEE Power & Energy Society General MeetingEditors
NC Abi-SamraPagination
1-8ISBN
978-1-4673-2729-9Department/School
School of EngineeringPublisher
Institute of Electrical and Electronics EngineersPlace of publication
USAEvent title
2012 IEEE Power & Energy Society General MeetingEvent Venue
San Diego, California, USADate of Event (Start Date)
2012-07-22Date of Event (End Date)
2012-07-26Rights statement
Copyright 2012 IEEERepository Status
- Restricted