Novel Incentive Mechanism for End-Users Enrolled in DLC-Based Demand Response Programs Within Stochastic Planning Context

• Type: Article in International Scientific Journal
• Date: 2019

Authors

Ozan Erdinc (Author) Other; Akin Tascikaraoglu (Author) Other; Nikolaos G. Paterakis (Author) Other; João P. S. Catalão (Author) FEUP

Journal

Title: IEEE Transactions on Industrial Electronics

Vol. 66 No. 2

Pages: 1476-1487

ISSN: 0278-0046

Publisher: IEEE

Indexing

ISI Web of Knowledge - 29 Citations

Scopus - 35 Citations

INSPEC

Other information

Authenticus ID: P-00P-PAA

DOI: 10.1109/tie.2018.2811403

Abstract (EN): In this paper, a novel direct load control (DLC) planning based on providing free energy credits to residential end-users for their heating, ventilation, and air conditioning load during demand response (DR) events is proposed. The obtained credit can then be used by the end-users during relatively higher price periods free-of-cost to enable them lowering their energy procurement costs. Furthermore, the resulting reduction in the total household energy consumption considerably decreases the critical load demands in power systems, which is of vital importance for load-serving entities in maintaining the balance between supply and demand during peak load periods. In this regard, the aforementioned energy credits-based incentive mechanism is proposed for end-users enrolled in the DLC-based DR program, as a new contribution to the existing literature, testing it in a stochastic day-ahead planning context.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 12