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Optimal pricing for residential demand response: A stochastic optimization approach

Liyan Jia, Lang Tong
2012 2012 50th Annual Allerton Conference on Communication, Control, and Computing (Allerton)  
For the control of thermal dynamic loads, the optimal residential demand response policy is obtained based on a form of consumer surplus that captures the tradeoff between comfort level and cost.  ...  The problem of optimizing retail electricity price for residential demand response is considered.  ...  ACKNOWLEDGMENT The authors wish to thank Professor Eilyan Bitar for helpful discussions. Helpful comments from Professors Timothy Mount and Robert Thomas are also greatly appreciated.  ... 
doi:10.1109/allerton.2012.6483451 dblp:conf/allerton/JiaT12 fatcat:osfxkde44zb4dg5wyzozoemk5i

Energy demand prediction for the implementation of an energy tariff emulator to trigger demand response in buildings

Sarah Noyé, Unai Saralegui, Raphael Rey, Miguel Angel Anton, Ander Romero, S.I Tanabe, H. Zhang, J. Kurnitski, M.C. Gameiro da Silva, I. Nastase, P. Wargocki, G. Cao (+2 others)
2019 E3S Web of Conferences  
Demand response provides a mechanism to reduce or displace electrical demand to better match electrical production. Buildings can be a pool of flexibility for the grid to operate more efficiently.  ...  One of the ways to obtain flexibility from building managers and building users is the introduction of variable energy prices which evolve depending on the expected load and energy generation.  ...  This paper reflects only the author´s views and neither the Agency nor the Commission are responsible for any use that may be made of the information contained therein.  ... 
doi:10.1051/e3sconf/201911105025 fatcat:uol3oo3r6vewplzih55j5d7hqe

Day ahead dynamic pricing for demand response in dynamic environments

Liyan Jia, Lang Tong
2013 52nd IEEE Conference on Decision and Control  
The problem of optimizing retail pricing of electricity for price-responsive dynamic loads is considered.  ...  For the class of day-ahead dynamic prices (DADPs), the problem of retail pricing is modeled as a Stackelberg game with the retailer as the leader and its customers the followers.  ...  ACKNOWLEDGMENT The authors wish to thank Professor Eilyan Bitar at Cornell and Professor Marija Illic at CMU for helpful discussions.  ... 
doi:10.1109/cdc.2013.6760773 dblp:conf/cdc/JiaT13 fatcat:tvbfgskbfrbldjrh2btbfy2o6e

An Incentive Based Dynamic Pricing in Smart Grid: A Customer's Perspective

Thamer Alquthami, Ahmad H. Milyani, Muhammad Awais, Muhammad B. Rasheed
2021 Sustainability  
Price based demand response is an important strategy to facilitate energy retailers and end-users to maintain a balance between demand and supply while providing the opportunity to end users to get monetary  ...  Then, based on this, the electricity price is calculated for all types of users to estimate the incentives through load shifting profiles.  ...  A slightly different work is presented [6] for real-time pricing demand response with fault-tolerant and flexible user enrolment to predict dynamic pricing.  ... 
doi:10.3390/su13116066 fatcat:e675k7aksve63lh72zuckfoid4

Dynamic Pricing of Electricity

Paul L Joskow, Catherine D Wolfram
2012 The American Economic Review  
., even in light of recent technological advances that have lowered costs and improved functionality for meters and automated demand response technologies.  ...  We describe these recent developments and discuss the remaining barriers to the proliferation of time-varying electricity pricing.  ...  "Smart meters" (AMI) send real-time consumption data to the utility and make feasible various forms of real-time pricing that tie retail prices to dynamic wholesale prices.  ... 
doi:10.1257/aer.102.3.381 fatcat:e5eulut6rvhllk2cf4ou3wcbue

Effects of price-responsive residential demand on retail and wholesale power market operations

A. G. Thomas, Chengrui Cai, D. C. Aliprantis, L. Tesfatsion
2012 2012 IEEE Power and Energy Society General Meeting  
This paper describes a computational platform for studying the effects of price-responsive residential demand for air-conditioning (A/C) on integrated retail and wholesale power market operations.  ...  An example is provided to illustrate the dynamic feedback loop connecting residential A/C load, the energy prices determined at wholesale conditional on A/C load, and the retail energy prices offered to  ...  In parallel with these real-time market operations on day 2, the profit-seeking AMES LSEs submit demand bids into the AMES day-ahead market on the morning of day 2 based on forecasted retail loads for  ... 
doi:10.1109/pesgm.2012.6345575 fatcat:bebimr3okbcqfehjis6h46tvy4

Beneficial Complexity: A Field Experiment in Technology, Institutions, and Institutional Change in the Electric Power Industry

L. Lynne Kiesling, David Chassin
2009 Social Science Research Network  
Abstract: This paper presents and analyzes the results of a recent field experiment in which residential electricity customers in Washington State with price-responsive in-home devices could use those  ...  Here we focus on the results of the real-time contract, under which homeowners participate in a double auction with a market clearing occurring every five minutes.  ...  In this paper we focus on the behavior of the residential customers on the RTP contract, and on the features of the real-time retail markets in which they participated.  ... 
doi:10.2139/ssrn.1417580 fatcat:l6gc2b3r5rc4bpnuttiyqfqsmy

Model-based optimal load control of inverter-driven air conditioners responding to dynamic electricity pricing

Maomao Hu, Fu Xiao
2017 Energy Procedia  
The lack of automatic response to time-varying electricity prices is one of the challenges faced by the residential electric appliances.  ...  The lack of automatic response to time-varying electricity prices is one of the challenges faced by the residential electric appliances.  ...  [7] evaluated the real-time price-based DR management for residential appliances via stochastic optimization and robust optimization. Li et al.  ... 
doi:10.1016/j.egypro.2017.12.395 fatcat:e77v4kz5k5g3dbhv34445otcxy

Time-based pricing and electricity demand response: Existing barriers and next steps

Cherrelle Eid, Elta Koliou, Mercedes Valles, Javier Reneses, Rudi Hakvoort
2016 Utilities Policy  
End-users can be incentivized to provide DR through time-based pricing in general and dynamic pricing in particular.  ...  Interest in Demand Response (DR) is increasing due to its potential to improve reliability and save costs for electricity systems.  ...  The authors would like to express their gratitude towards all partner institutions within the program as well as the European Commission for their support.  ... 
doi:10.1016/j.jup.2016.04.001 fatcat:qglfvmtdc5hrzgtb53csztfoyy

Model Predictive Control for Building Active Demand Response Systems

Fiorella Lauro, Fabio Moretti, Alfonso Capozzoli, Stefano Panzieri
2015 Energy Procedia  
MPC Model Predictive Control NSGA Non-Dominated Sorting Genetic Algorithm PMV Predicted Mean Vote PPD Predicted Percentage of Dissatisfied RTP Real Time Pricing SG Smart Grid TOU Time of Use imbalances  ...  In this scenario, DSM plays an important role on retail phase: aggregators trade energy according to dynamic deregulated markets in order to influence the demand curve by regulating customers'  ...  In this work [21] the authors propose a closed-loop control system based on an EMPC technique to reduce energy and demand costs for HVAC systems of commercial buildings considering real-time uncertainties  ... 
doi:10.1016/j.egypro.2015.12.169 fatcat:u54527dunbbxpiquxft2cqqk4u

Climate Change and Energy Management Strategies

Elshan Moradkhani
2017 Computational Water Energy and Environmental Engineering  
Energy efficiency, peak-load management, and demand response are among the most outstanding and widespread practices in order to reduce building energy consumption and peak demand.  ...  Since building is among the major consumers of electricity (almost 40%), the energy management strategies have been substantially focused on demand side management and building operation system.  ...  and retail market and lack of engagement in real-time demand response by retail market.  ... 
doi:10.4236/cweee.2017.62011 fatcat:gsdiqa7icnhmhbenbbyuuys4xu

Climate Change and Energy Management Strategies

Elshan Moradkhani
2017 Computational Water Energy and Environmental Engineering  
Energy efficiency, peak-load management, and demand response are among the most outstanding and widespread practices in order to reduce building energy consumption and peak demand.  ...  Since building is among the major consumers of electricity (almost 40%), the energy management strategies have been substantially focused on demand side management and building operation system.  ...  and retail market and lack of engagement in real-time demand response by retail market.  ... 
doi:10.4236/cweee.2017.6211 fatcat:thetu6sqs5c5bi4rc5iwi7njrm

A More Renewable-Friendly Electrical Grid: Thermal Storage Refrigeration for Demand Response in California and Denmark

Kurt Kornbluth, John Cook, Paul Erickson
2012 Smart Grid and Renewable Energy  
In a hypothetical future scenario involving real-time pricing in the retail market, a high degree of price volatility would be needed to make TSR technology appealing to residential consumers.  ...  Based on this analysis, an interesting area of future work would focus on the market potential of TSR technology for commercial and industrial applications.  ...  Arne Remen from Aalborg University, Denmark for their guidance during this research.  ... 
doi:10.4236/sgre.2012.34042 fatcat:2ouwf3llbzfgjpyhy3eglcgina

Rethinking European energy taxation to incentivise consumer demand response participation

Nina Voulis, Max J.J. van Etten, Émile J.L. Chappin, Martijn Warnier, Frances M.T. Brazier
2019 Energy Policy  
To achieve high demand response participation, the European Union recognises the need for adequate financial incentives for all consumers, especially for residential and service sector consumers.  ...  The paper concludes with recommendations for policy makers for the design of energy taxes that provide residential and service sector consumers with adequate financial incentives for demand response participation  ...  We further thank Victor Haverkort, George Trienekens, and Wouter Tromp from Energy eXchange Enablers for providing data and assistance that made the case study possible, and Christine Milchram for comments  ... 
doi:10.1016/j.enpol.2018.09.018 fatcat:53ypj27jcrfjvewjxhhk4jvdo4

HOLISDER Project: Introducing Residential and Tertiary Energy Consumers as Active Players in Energy Markets

Ander Romero-Amorrortu, Pablo de Agustín-Camacho, Olaia Eguiarte, George B. Huitema, Laura Morcillo, Milan Vukovic
2021 Proceedings (MDPI)  
This paper presents a holistic demand response optimization framework that enables significant energy costs reduction for consumers.  ...  Although it has been demonstrated that demand-side flexibility is possible, business application of residential and small tertiary demand response programs has been slow to develop.  ...  Acknowledgments: Authors would like to acknowledge HOLISDER project consortium partners for their contribution to its progress and results achievement.  ... 
doi:10.3390/proceedings2020065031 fatcat:mbdqpuq57rdlfizqcdz6secfyy
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