Optimum Generation Scheduling Based Dynamic Price Making for Demand Response in a Smart Power Grid

• Type: Article in International Conference Proceedings Book
• Date: 2014

Authors

Paterakis, NG (Author) Other; Erdinc, O (Author) Other; Catalao, JPS (Author) Other; Bakirtzis, AG (Author) Other

Conference proceedings International

Title: TECHNOLOGICAL INNOVATION FOR COLLECTIVE AWARENESS SYSTEMS

Pages: 371-379

5th IFIP WG 5.5/SOCOLNET Doctoral Conference on Computing, Electrical and Industrial Systems (DoCEIS)

Costa da Caparica, PORTUGAL, APR 07-09, 2014

Indexing

ISI Web of Knowledge - 1 Citation

Scopus - 1 Citation

Other information

Authenticus ID: P-009-SRE

DOI: 10.1007/978-3-642-54734-8_41

Abstract (EN): Smart grid is a recently growing area of research including optimum and reliable operation of bulk power grid from production to end-user premises. Demand side activities like demand response (DR) for enabling consumer participation are also vital points for a smarter operation of the electric power grid. For DR activities in end-user level regulated by energy management systems, a dynamic price variation determined by optimum operating strategies should be provided aiming to shift peak demand periods to off-peak periods of energy usage. In this regard, an optimum generation scheduling based price making strategy is evaluated in this paper together with the analysis of the impacts of dynamic pricing on demand patterns with case studies. Thus, the importance of considering DR based demand pattern changes on price making strategy is presented for day-ahead energy market structure.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 9