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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, MLoad 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 MeetingEditors
NC Abi-SamraPagination
1-8ISBN
978-1-4673-2729-9Department/School
School of EngineeringPublisher
Institute of Electrical and Electronics EngineersPlace of publication
California, 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