2016
DOI: 10.1016/j.enpol.2016.05.050
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Integration scenarios of Demand Response into electricity markets: Load shifting, financial savings and policy implications

Abstract: Demand Response allows for the management of demand side resources in real-time; i. e. shifting electricity demand according to fluctuating supply.When integrated into electricity markets, Demand Response can be used for load shifting and as a replacement for both control reserve and balancing energy. These three usage scenarios are compared based on historic German data from 2011 to determine that load shifting provides the highest benefit: its annual financial savings accumulate to e3.110 M for both househol… Show more

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Cited by 52 publications
(10 citation statements)
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“…The first indicator (RF) was expressly defined for the present analysis; the remaining two (ES, PS) were widely used in literature to evaluate the flexibility in the residential sector and to define the political implications of different scenarios in the energy markets [30]. They were also combined with the cost reduction assessment [31] and they were included for defining power storage management strategies [32].…”
Section: Methodsmentioning
confidence: 99%
“…The first indicator (RF) was expressly defined for the present analysis; the remaining two (ES, PS) were widely used in literature to evaluate the flexibility in the residential sector and to define the political implications of different scenarios in the energy markets [30]. They were also combined with the cost reduction assessment [31] and they were included for defining power storage management strategies [32].…”
Section: Methodsmentioning
confidence: 99%
“…Recent studies [26][27][28] are exploiting the proneness of LV consumers to adopt DG and DR to analyze and propose better regulatory and policy frameworks. Techno-economic assessment of potential business cases for promoting AD in LV is carried out in other studies.…”
Section: Literature Reviewmentioning
confidence: 99%
“…0 ≤ ne ≤ ne max ; (26) in which, the objective function (18) is calculated for all np periods by totaling the maximum cost C p (investment and operational costs), β is a penalty cost that is expected to favor network expansion solutions with zero PNS, P is the real power vector, P G is the real power generation vector, P D is the real power demand vector, Q is the reactive power vector, Q G is the reactive power generation vector, Q D is the real power demand vector, V is the voltage magnitude vector, N is a diagonal matrix with the new equipment in the grid, _ N is the diagonal matrix containing the equipment on the base topology, and ne is the number of reinforcing circuits. It is allowed a maximum of three reinforcements per circuit, ie, ne max = 3.…”
Section: Multiyear Optimization Modelmentioning
confidence: 99%
“…To show the technological barrier for DC participation in DR programs, we have considered contemporary DR scenarios, such as those described in reference [12]. The DC should act as a prosumer of electrical energy that has established flexibility purchase contracts with a Flexibility Aggregator in order to alleviate the associated risks with flexibility provisioning to its core business.…”
Section: Introductionmentioning
confidence: 99%