Optimal use of incentive and price based demand response to reduce costs and price volatility
نویسندگان
چکیده
منابع مشابه
Alternative mechanisms to reduce food price volatility and price spikes
The 2007–08 food price crises caused hardship on a number of fronts in countries throughout the world. The steep rise in food prices led to economic difficulties for the poor and generated social and political turmoil in many countries. Haiti, Egypt, Bangladesh, Cote D'Ivoire, Uzbekistan, Yemen and Indonesia are among the 33 countries that saw violent food riots, demonstrations, or social unres...
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In the deregulated electricity market, demand side participation has become a very important solution to real-time energy balance. Demand response programs are offered by the utility companies to reduce the load on the customer side with monetary incentives when the power demand is high. It is a popular tool used by electricity utilities to manage the supply load and reduce the operating cost. ...
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Demand Response (DR) programs encourage consumers to adjust their power consumption in response to DR events such as changes in electricity prices or sudden peaks in demand. While significant savings can be thus achieved, the real success of DR programs depends on the incentive compatible participation of consumers and their timely response to DR signals. In this work, we consider households th...
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ژورنال
عنوان ژورنال: Electric Power Systems Research
سال: 2017
ISSN: 0378-7796
DOI: 10.1016/j.epsr.2016.12.012