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Load recovery in demand response scheduling

conference contribution
posted on 2023-05-23, 07:22 authored by Michael NegnevitskyMichael Negnevitsky, Nguyen, DT, de Groot, M
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.

History

Publication title

Proceedings of the 2012 IEEE Power & Energy Society General Meeting

Editors

NC Abi-Samra

Pagination

1-8

ISBN

978-1-4673-2729-9

Department/School

School of Engineering

Publisher

Institute of Electrical and Electronics Engineers

Place of publication

California, USA

Event title

2012 IEEE Power & Energy Society General Meeting

Event Venue

San Diego, California, USA

Date of Event (Start Date)

2012-07-22

Date of Event (End Date)

2012-07-26

Rights statement

Copyright 2012 IEEE

Repository Status

  • Restricted

Socio-economic Objectives

Mining and extraction of energy resources not elsewhere classified