2017
DOI: 10.1109/tsg.2016.2582207
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Opportunity Cost Quantification for Ancillary Services Provided by Heating, Ventilating, and Air-Conditioning Systems

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Cited by 30 publications
(15 citation statements)
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“…The optimal control schedule used as reference or to fulfil the DTU instructions is intuitive and uses minimal effort to satisfy the temperature and power constraints. Consistent with studies such as [11,12], we find that the level of participation in the ancillary service is affected by the dynamics and constraints for the internal temperature, and how well the building manager is remunerated. Figure 1 shows that the building's capacity for DTU depends crucially on the benefit-cost ratio R P , where R is the utilization payment for DTU and P is the night-time price of electricity.…”
Section: Summary and Recommendationssupporting
confidence: 85%
“…The optimal control schedule used as reference or to fulfil the DTU instructions is intuitive and uses minimal effort to satisfy the temperature and power constraints. Consistent with studies such as [11,12], we find that the level of participation in the ancillary service is affected by the dynamics and constraints for the internal temperature, and how well the building manager is remunerated. Figure 1 shows that the building's capacity for DTU depends crucially on the benefit-cost ratio R P , where R is the utilization payment for DTU and P is the night-time price of electricity.…”
Section: Summary and Recommendationssupporting
confidence: 85%
“…This is because the system must create headroom to provide symmetric frequency reserves in either direction, and so the system cannot operate at its temperature that minimizes statedependent losses within a comfortable temperature range. This efficiency penalty has been discussed in other literature as an opportunity cost of providing reserves [17], but is not present in any of the other studies and so is not discussed as an inefficiency mechanism above.…”
Section: A Testing Conditions Assumptions and Resultsmentioning
confidence: 93%
“…Recent work has focused on incremental energy costs in buildings providing DR, with a focus on heating, ventilation and air conditioning (HVAC) systems in commercial buildings. Some papers have identified the additional energy consumption caused by a system diverging from an energy optimal demand schedule to hold reserve capacity [15]- [17], while others focus on the additional energy consumption caused by responding to grid control signals [15], [16], [18]- [23]. This latter group of work employs an analogy between thermal storage in HVAC systems and chemical storage in batteries to evaluate round-trip efficiency (RTE), or the ratio of discharging to charging energy.…”
Section: Introductionmentioning
confidence: 99%
“…A opportunity cost model was given in Ref. [103] that provides a rational goal for optimizing energy consumption, benefit, and ancillary service provision.…”
Section: Economicalmentioning
confidence: 99%