A novel economic model for price-based demand response

Mohajeryami, Saeed; Moghaddam, Iman Naziri; Doostan, Milad; Vatani, Behdad; Schwarz, Peter

doi:10.1016/j.epsr.2016.03.026

Cited by 96 publications

(59 citation statements)

References 23 publications

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“…This theory concerns how consumers spend their money given their preferences and budget constraints [24]- [29]. The two primary tools of this theory are utility functions and budget constraints which allows the consumer to make a decision in regard to their consumption level.…”

Section: Consumer Theorymentioning

confidence: 99%

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Economic demand response model in liberalised electricity markets with respect to flexibility of consumers

Sharifi

Anvari‐Moghaddam

Fathi

et al. 2017

IET Generation, Transmission & Distribution

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Section: Consumer Theorymentioning

confidence: 99%

“…However, in a few cases such as [24], the authors have managed to address the adaptability and adjustability features. While having some time-related limitations, they have paved the way for development of more appropriate DR models.…”

Section: Fig1 Consumers' Reactions To Dr Programsmentioning

confidence: 99%

Economic demand response model in liberalised electricity markets with respect to flexibility of consumers

Sharifi

Anvari‐Moghaddam

Fathi

et al. 2017

IET Generation, Transmission & Distribution

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“…Any physical model of loads is considered. In [54] authors consider competition between budget and the consumption when the price changes and evaluate these scenarios. From the natural structure of living in every society, they conclude that there is an asymmetry between peak and off-peak consumption due to different services achieved from end-uses, i.e., they consider to some extent (a qualitative assessment) the different loads and appliances that explain the overall demand.…”

Section: Evaluation Of Pdr: An Economic Model To Evaluate the Size Ofmentioning

confidence: 99%

Integration of Methodologies for the Evaluation of Offer Curves in Energy and Capacity Markets through Energy Efficiency and Demand Response

et al. 2018

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Abstract:The objectives of improving the efficiency, and integration, of renewable sources by are complex in practice and should be linked to an increase of demand-side flexibility. The main challenges to achieving this flexibility are the lack of incentives and an adequate framework. For instance, customers' revenue is usually low, the volatility of prices is high and there is not any practical feedback to customers from smart meters. The possibility of increasing customer revenue could reduce the uncertainty with respect to economic concerns, improving investments in efficiency, enabling technology and thus, engaging more customers in these policies. This objective could be achieved by the participation of customers in several markets. Moreover, Demand Response and Energy Efficiency can share ICT technologies but this participation needs to perform an aggregation of demand. The idea of this paper is to present some methodologies for facilitating the definition and evaluation of energy versus cost curves; and subsequently to estimate potential revenues due to Demand Response. This can be accomplished by models that estimate: demand and energy aggregation; economic opportunities and benefits; impacts on customer convenience; customer feedback and price analysis. By doing so, we would have comprehensive information that can help customers and aggregators to define energy packages and their monetary value with the objective of fostering their market participation.

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“…Rational use of electricity price policy can both meet the demand of consumers and make the power enterprises profitable. TOU tariff is an incentive method of price implemented by the power enterprises in DSM [55][56][57], and the policy is helpful to the stabilization of the load curve and the operation cost reduction of the power system.…”

Section: The Definition Of Tou Tariffmentioning

confidence: 99%

A review on the influence of intelligent power consumption technologies on the utilization rate of distribution network equipment

He¹,

Chen²,

Yang

et al. 2018

Prot Control Mod Power Syst

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The economy of distribution networks largely depends on the utilization rate of distribution network equipment. Most of the emerging intelligent power consumption technologies have a positive effect on equipment utilization and their use can save investment of distribution networks. In this paper, the influence of intelligent power consumption technologies on the utilization rate of distribution network equipment is reviewed. The evaluation methods and indexes are assessed first and then intelligent power consumption equipment with energy storage function, vehicle-to-grid (V2G) technology and time-of-use (TOU) tariff are reviewed respectively. It is concluded that these intelligent power consumption technologies and measures have great potential to improve utilization rate of distribution network equipment because of their effective improvement to power load. Meanwhile, recommendations on how to utilize these intelligent power consumption technologies to improve utilization rate of distribution network equipment are proposed.

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A novel economic model for price-based demand response

Cited by 96 publications

References 23 publications

Economic demand response model in liberalised electricity markets with respect to flexibility of consumers

Economic demand response model in liberalised electricity markets with respect to flexibility of consumers

Integration of Methodologies for the Evaluation of Offer Curves in Energy and Capacity Markets through Energy Efficiency and Demand Response

A review on the influence of intelligent power consumption technologies on the utilization rate of distribution network equipment

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