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Introduction to the Economics, Markets and Policy Minitrack, Electric Energy Minitrack

Shmuel S. Oren
2016 2016 49th Hawaii International Conference on System Sciences (HICSS)  
Incentivizing investment and market participation by diverse resources on the supply and demand side who can provide flexibility economically requires new market mechanisms and operating procedures.  ...  and spatial data and dealing with uncertainty and variability on the supply and demand side.  ...  Incentivizing investment and market participation by diverse resources on the supply and demand side who can provide flexibility economically requires new market mechanisms and operating procedures.  ... 
doi:10.1109/hicss.2016.287 dblp:conf/hicss/Oren16 fatcat:yy6bmlznyjcyndq3oveag5qzoq

Incentivizing Reliable Demand Response with Customers' Uncertainties and Capacity Planning

Joshua Comden, Zhenhua Liu, Yue Zhao
2017 Proceedings of the 2017 ACM SIGMETRICS / International Conference on Measurement and Modeling of Computer Systems - SIGMETRICS '17 Abstracts  
Compared to energy storage, Demand Response (DR) has advantages to provide reserves to the load serving entities (LSEs) in a cost-effective and environmentally friendly way.  ...  Uncertainties from both the customer-side and LSE-side make designing algorithms for DR a major challenge.  ...  to provide demand response.  ... 
doi:10.1145/3078505.3078546 dblp:conf/sigmetrics/ComdenLZ17 fatcat:5fg2jxylwzhc7a266vk53q5cwe

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  
Interest in Demand Response (DR) is increasing due to its potential to improve reliability and save costs for electricity systems.  ...  End-users can be incentivized to provide DR through time-based pricing in general and dynamic pricing in particular.  ...  An important difference between demand response and demand-side management is that demand side management (DSM) can be seen as the over-arching concept that can encompass demand response (in addition to  ... 
doi:10.1016/j.jup.2016.04.001 fatcat:qglfvmtdc5hrzgtb53csztfoyy

Wholesale electricity market design with increasing levels of renewable generation: Incentivizing flexibility in system operations

E. Ela, M. Milligan, A. Bloom, A. Botterud, A. Townsend, T. Levin, B.A. Frew
2016 Electricity Journal  
of the type proposed in CAISO and MISO.  ...  It is unclear whether current market designs are incentivizing resources to offer their flexible capabilities to the short-term energy and/or ancillary services market when active power flexibility is  ...  for long-term reliability, and this article on incentivizing flexibility in short-term operations.  ... 
doi:10.1016/j.tej.2016.05.001 fatcat:wshsdb54hndhrm5nqxbdspilw4

Consumers modelling and clustering for the use of flexibility to mitigate network congestion

José M. Terras, Cátia Silva, Zita Vale, Pedro Faria
2020 Zenodo  
This paper offers an overview of the H2020 DOMINOES project that conceives the study of implementation of a platform to incentivize demand response (DR) and participation in local energy markets.  ...  With this new approach, the activation process is adaptive targeting consumers with specific response categorization in order to obtain the required response reliability to meet market requests or grid  ...  means such as shifting, peak shaving or direct load control -Demand Response (DR) techniques [2] .  ... 
doi:10.5281/zenodo.5045735 fatcat:kho626hwgvbudj2r3ijp77qoba

From demand response to transactive energy: state of the art

Sijie CHEN, Chen-Ching LIU
2016 Journal of Modern Power Systems and Clean Energy  
Transactive energy is a variant and a generalized form of demand response in that it manages both the supply and demand sides.  ...  Demand response programs incentivize consumers to align their demand with power supply conditions, enhancing power system reliability and economic operation.  ...  Acknowledgements This work is sponsored by Department of Commerce, State of Washington, and US Department of Energy, USA, through the Transactive Campus Energy Systems project, in collaboration with Pacific  ... 
doi:10.1007/s40565-016-0256-x fatcat:xbv3oltgyrhrhfyfhiuzzxcwxu

Incentive Mechanisms for Smart Grid: State of the Art, Challenges, Open Issues, Future Directions

Sweta Bhattacharya, Rajeswari Chengoden, Gautam Srivastava, Mamoun Alazab, Abdul Rehman Javed, Nancy Victor, Praveen Kumar Reddy Maddikunta, Thippa Reddy Gadekallu
2022 Big Data and Cognitive Computing  
Smart grids (SG) are electricity grids that communicate with each other, provide reliable information, and enable administrators to operate energy supplies across the country, ensuring optimized reliability  ...  The smart grid contains sensors that measure and transmit data to adjust the flow of electricity automatically based on supply/demand, and thus, responding to problems becomes quicker and easier.  ...  Demand-side management (DSM) is a significant part of the SG, as energy consumption can be controlled on the consumer side.  ... 
doi:10.3390/bdcc6020047 fatcat:hvg62amrmbdublvt7wlh57ojy4

Blockchain Technology Applied in IoV Demand Response Management: A Systematic Literature Review

Evgenia Kapassa, Marinos Themistocleous
2022 Future Internet  
However, there is limited literature in Demand Response Management (DRM) schemes designed for IoV.  ...  As a result, Demand Response (DR) management has been introduced to achieve efficient energy management in IoV.  ...  For demand side management, a blockchain-enhanced price incentive demand response is presented.  ... 
doi:10.3390/fi14050136 fatcat:fmqsqbkcefba7cpcefulxo7fdi

eIoT Activates the Grid Periphery [chapter]

Steffi O. Muhanji, Alison E. Flint, Amro M. Farid
2019 eIoT  
The change drivers discussed in Sect. 1 directly and indirectly incentivize growth in renewable energy generation.  ...  For example, the installations of solar PV systems in the USA nearly doubled from 2014 to 2016 [134].  ...  from [14]) Demand-side resources Demand Response Capacity, Energy, & Ancillary Grid Reliability Supply Economics Environmental Requirements Wholesale Markets Bulk generation Variable  ... 
doi:10.1007/978-3-030-10427-6_2 fatcat:j2haulyaojgbpj7qpgzhbcuth4

Managing electric flexibility from Distributed Energy Resources: A review of incentives for market design

Cherrelle Eid, Paul Codani, Yannick Perez, Javier Reneses, Rudi Hakvoort
2016 Renewable & Sustainable Energy Reviews  
At high voltage levels under responsibility of the system operator, trading mechanisms like contracts for ancillary services and balancing markets provide opportunities for economic efficient supply of  ...  In many electric systems worldwide the penetration of Distributed Energy Resources (DER) at the distribution levels is increasing.  ...  Furthermore, the authors would like to thank Andrea Benets for her input regarding electricity market design in France.  ... 
doi:10.1016/j.rser.2016.06.008 fatcat:rpvl4pijh5fdxexdp5lql4em4e

The Role of Building Codes and Controls in Enhancing Community Resilience

Sheila J. Hayter, Sherry Stout, S.I Tanabe, H. Zhang, J. Kurnitski, M.C. Gameiro da Silva, I. Nastase, P. Wargocki, G. Cao, L. Mazzarela, C. Inard
2019 E3S Web of Conferences  
Buildings can aid in power sector resilience by increasing power system flexibility, shaving and shifting demand, and providing on-site energy generation.  ...  As such, buildings play a critical role in enhancing resilience in the power sector.  ...  Hale et al. reports that "On the commercial and industrial side, automated control and metrology is generally required for modern demand response programs" whereas "Automated demand response programs in  ... 
doi:10.1051/e3sconf/201911106020 fatcat:pg3uaai6cfgflbnh43dih2rram

Rethinking restructured electricity market design: Lessons learned and future needs

Antonio J. Conejo, Ramteen Sioshansi
2018 International Journal of Electrical Power & Energy Systems  
However, these technologies also provide opportunities for more active participation of the demand-side in maintaining system reliability and service quality.  ...  Despite these fundamental changes in the supply and demand sides of electric power systems, the market models and structures that are used to coordinate the two sides of the system largely have not kept  ...  Any opinions and conclusions expressed in this paper are solely those of the authors.  ... 
doi:10.1016/j.ijepes.2017.12.014 fatcat:atwfz3dalzc47f7bukpmsdb3ju

Alternative Approaches for Incentivizing the Frequency Responsive Reserve Ancillary Service

Erik Ela, Aidan Tuohy, Michael Milligan, Brendan Kirby, Daniel Brooks
2012 Electricity Journal  
Frequency responsive reserve is the autonomous response of generators and demand response to deviations of system frequency, usually as a result of the instantaneous outage of a large supplier.  ...  This may not be the case in future systems due to new technologies and declining response.  ...  Although not discussed in detail, frequency responsive demand response can assist in frequency response, both inherently and intentionally.  ... 
doi:10.1016/j.tej.2012.04.015 fatcat:g44mfgf7ufdxnaxmd6e44gbvhm

Seven Horizon2020 projects advise EU leaders how to prepare buildings for the energy transition

Filippos Anagnostopoulos, Marine Faber
2020 Zenodo  
, de-risking and attracting private investments, creating new business models and expanding markets, as well as transforming energy efficiency and demand response into energy resources for TSOs and DSOs  ...  This is being done through the development of tools and methodologies that include enabling ESCOs to develop demand response functionalities, improving and standardizing measurement and verification methods  ...  This leads to a preference for additional generation capacity rather than promoting demand side response opportunities.  ... 
doi:10.5281/zenodo.4291899 fatcat:qearowhqq5bxledftdkx2plm2i

Privatizing electric reliability through smart grid technologies and priority service contracts

S S Oren
2010 IEEE PES General Meeting  
Smart grid technologies in combination with the methodological foundation laid by the economic theory of Priority Service, enable the conversion of electric service reliability from a public good to a  ...  This conceptual paradigm is illustrated through a specific proposal for a multilevel Emergency Interruptable Load Response Service (EILS) program at ERCOT.  ...  The current FCM allows demand side participation but procured demand side capacity is not dispatchable.  ... 
doi:10.1109/pes.2010.5589551 fatcat:a4panwlnu5eurl7j77weftib7m
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