On the flexibility of electricity consumers: Introducing notice time
2016 (English)Conference paper (Refereed)
Power systems with a large share of inherently intermittent energy sources require new approaches to system operation. Demand side management is seen as one potential resource for maintaining power balance in a future energy system with large amounts of volatile renewable energy generation. Existing demand response programs require flexibility in a set time frame from the electricity consumers in reaction to economic incentives. For a more detailed qualitative analysis of consumer flexibility, not only price but also notice time are imperative parameters. Former has been studied in numerous references whereas the impact of the latter has not yet been examined in depth. This paper presents a review of existing demand response programs and reflects on consumers' flexibility with respect to notice time. While some schemes include fixed notification schedules, others allow for variable notice time, or even continuous updating. In this paper, the consequences of notice time and update intervals on flexible electricity consumers are studied in Demand Bidding model with continuous forecast updates.
Place, publisher, year, edition, pages
IEEE , 2016. 1-5 p.
power generation planning, power system economics, power system simulation, smart grids, wind energy integration
Electrical Engineering, Electronic Engineering, Information Engineering
Research subject Economics; Electrical Engineering
IdentifiersURN: urn:nbn:se:kth:diva-190066DOI: 10.1109/EEM.2016.7521199OAI: oai:DiVA.org:kth-190066DiVA: diva2:950842
13th International Conference on the European Energy Market (EEM)
QC 201608112016-08-022016-08-022016-08-11Bibliographically approved