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Market-based demand response scheduling in a deregulated environment
journal contribution
posted on 2023-05-17, 21:36 authored by Nguyen, DT, Michael NegnevitskyMichael Negnevitsky, de Groot, MIn this paper we investigate efficient schemes for scheduling demand response (DR) in a deregulated environment. We begin with an analysis of partial schemes which are being implemented in many established markets. These schemes can be considered inefficient due to externalities that occur amongst DR beneficiaries including the transmission network company (Transco), distribution network companies (Discos), and retail electricity companies (Recos). This limitation of existing schemes motivates the development of a new concept - demand response exchange (DRX) - a separated market for trading DR fairly and flexibly across all beneficiaries. The DRX concept is realized by introducing a pool-based market clearing scheme. Extensive simulations are provided to illustrate the effectiveness of our DRX proposal.
History
Publication title
IEEE Transactions on Smart GridVolume
4Issue
4Article number
6522207Number
6522207Pagination
1948-1956ISSN
1949-3053Department/School
School of EngineeringPublisher
Institute of Electrical and Electronics EngineersPlace of publication
Piscataway, NJ 08854 United StatesRights statement
Copyright 2013 IEEERepository Status
- Restricted