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Enhancing market access of demand response through generation forecast updates
KTH, School of Electrical Engineering (EES), Electric Power and Energy Systems. (IRES)ORCID iD: 0000-0003-0685-0199
KTH, School of Electrical Engineering (EES), Electric Power and Energy Systems. (IRES)ORCID iD: 0000-0002-8189-2420
2017 (English)In: 2017 IEEE Manchester PowerTech, Powertech 2017, IEEE, 2017, article id 7981023Conference paper, Published paper (Refereed)
Abstract [en]

Advances in communication infrastructure and elec-tric appliances have enabled demand side participation in powersystem operation. However, the full potential of demand flexibilityis yet to be exploited. Existing demand response programs requireflexibility in a set time frame from the electricity consumers inreaction to economic incentives. For a more detailed qualitativeanalysis of consumer flexibility, not only price but also noticetime are imperative parameters. The former has been studied innumerous references whereas the impact of the latter has not yetbeen examined in depth. This paper presents a market modelof demand response that enhances an efficient use of flexibleconsumers by hourly updates. The consequences of flexibleelectricity consumers are studied in a Real Time Pricing modelwith continuous forecast updates, where elasticity is subject tonotice time. A case study is presented using data from Sweden.We conclude that current demand response programs are notoptimally designed to integrate consumer flexibility that changeswith the notice time. 

Place, publisher, year, edition, pages
IEEE, 2017. article id 7981023
Keywords [en]
demand side management, power system simulation, power system economics, smart grids, wind energy integration
National Category
Other Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-209944DOI: 10.1109/PTC.2017.7981023ISI: 000411142500234Scopus ID: 2-s2.0-85034782630ISBN: 978-1-5090-4237-1 (print)OAI: oai:DiVA.org:kth-209944DiVA, id: diva2:1115467
Conference
2017 IEEE Manchester PowerTech, Powertech 2017, Manchester, United Kingdom, 18 June 2017 through 22 June 2017
Note

QC 20170704

Available from: 2017-06-26 Created: 2017-06-26 Last updated: 2018-02-15Bibliographically approved

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CiteExportLink to record
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