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Mechanism Design for Demand Response Programs [article]

Deepan Muthirayan, Dileep Kalathil, Kameshwar Poolla, Pravin Varaiya
2019 arXiv   pre-print
Demand Response (DR) programs serve to reduce the consumption of electricity at times when the supply is scarce and expensive. The utility informs the aggregator of an anticipated DR event.  ...  The mechanism is specified by the probability with which agents are called, reward prices for called agents, and penalty prices for agents who are not called.  ...  This is a challenge for mechanism design.  ... 
arXiv:1712.07742v3 fatcat:d62n4kwthzaxzcey653e2tynbq

Mechanism Design for Demand Response Programs with financial and non-monetary (social) Incentives [article]

Mateo Alejandro Cortés Guzmán, Eduardo Mojica-Nava
2017 arXiv   pre-print
In this paper we propose a mechanism for demand management including incentives both with and without money.  ...  Most demand management approaches with non-mandatory policies assume full users' cooperation, which may not be the case given users' beliefs, needs and preferences.  ...  MECHANISM DESIGN AND INCENTIVES The demand response problem using mechanims design and population dynamics has already been adressed by other authors like Barreto et al.  ... 
arXiv:1709.10122v2 fatcat:plhgcunfsncb3kj4hvh47zpitu

Demand response in electricity markets: A review

Qin Zhang, Juan Li
2012 2012 9th International Conference on the European Energy Market  
Demand response (DR) is the outreach of demand side management (DSM) in competitive electricity markets.  ...  Index Terms-Demand response, electricity markets, electricity price, incentive, price elasticity of demand.  ...  the price and incentive mechanisms, and how to design attractive DR programs that benefit all participants; in order to reasonably assess the implementation effect of DR programs, it is critical to explore  ... 
doi:10.1109/eem.2012.6254817 fatcat:il4t5ookt5dzxanvnxhxef7k24

Page 1275 of SMPTE Motion Imaging Journal Vol. 76, Issue 12 [page]

1967 SMPTE Motion Imaging Journal  
Sophisticated programs like this one demand high level technical performance. Demand for our services is con- stantly increasing from government and industrial customers.  ...  transports @ pulse ... to assume responsibilty for design, development. test circuit design ® CRT design @ mechanical design @ and delivery of @ precision mechanisms: precision mo- wide band width—low  ... 

Introductory Chapter: Demand Response Incentive Program (DRIP) with Advanced Metering and ECHONET [chapter]

Moustafa M. Eissa
2016 Smart Metering Technology and Services - Inspirations for Energy Utilities  
Such activities are designed to incentive consumers to change the consumer patterns of usage. • Demand response (DR): This type of program used as mechanisms to manage the demand response to supply conditions  ...  Some mechanisms for load management programs are given in [6, 7] .  ... 
doi:10.5772/64206 fatcat:yemtkiizezbfpdssqox4f4it4a

Making The Least Active Pay: A Simulation of Rewards and Penalties Under Demand Side Participation Programs

Jacopo Torriti, Matthew Leach
2012 International Journal of Green Energy  
The orthodox approach for incentivising Demand Side Participation (DSP) programs is that utility losses from capital, installation and planning costs should be recovered under financial incentive mechanisms  ...  the costs faced by utilities for DSP programs; assesses linear rate effects and value changes; introduces compensatory weights for those consumers who have physical or financial impediments; and shows  ...  Cost recovery mechanisms are designed to eliminate the business incentive to underspend on DSP programs. They allow providers to recover the capital and installation costs.  ... 
doi:10.1080/15435075.2011.625582 fatcat:s2fdmp4bdvhnbpeyqu5hlcuzuy

From demand response to transactive energy: state of the art

Sijie CHEN, Chen-Ching LIU
2016 Journal of Modern Power Systems and Clean Energy  
The design of demand response programs, performance of pilot projects and programs, consumer behaviors, and barriers are discussed.  ...  However, the design of transaction mechanisms should align the individual behaviors with the interests of the entire system.  ...  Transaction mechanisms are designed to align individual behaviors with the system's interests.  ... 
doi:10.1007/s40565-016-0256-x fatcat:xbv3oltgyrhrhfyfhiuzzxcwxu

Which electricity market design to encourage the development of demand response?

Vincent Rious, Yannick Perez, Fabien Roques
2015 Economic Analysis and Policy  
Introducing a capacity market could bring additional revenues to demand response providers and improve incentives to put in place demand response programs in a market environment.  ...  Using data from the French power system over nine years, we compare the possible market design options which would enable the development of demand response.  ...  Differences between a demand response program and a peak generator A demand response program and a peak generator are not pure substitutes for four reasons.  ... 
doi:10.1016/j.eap.2015.11.006 fatcat:iciw67iaybhz5jir5ga24mqeia

Strategies for Datacenters Participating in Demand Response by Two-Stage Decisions

Yuling Li, Xiaoying Wang, Peicong Luo
2020 Mathematical Problems in Engineering  
In this paper, we designed a demand response participation strategy based on two-stage decisions to reduce the total cost of the datacenter while considering the DR requirements of the grid.  ...  Modern smart grids have proposed a series of demand response (DR) programs and encourage users to participate in them with the purpose of maintaining reliability and efficiency so as to respond to the  ...  Different researchers keep different opinions and design diverse strategies to participate in demand response programs.  ... 
doi:10.1155/2020/5206082 fatcat:tft5wdcxi5cyte6r3fpaqiwz3u

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  ...  The user who is not interested in participating load shifting program will not get any benefit.  ...  In [25] , a probabilistic demand response program is proposed to model the load demand of residential sector.  ... 
doi:10.3390/su13116066 fatcat:e675k7aksve63lh72zuckfoid4

Development of autonomous demand response system for electric load management

Yusak Tanoto, Djoni Haryadi Setiabudi
2016 2016 Asian Conference on Energy, Power and Transportation Electrification (ACEPT)  
This paper presents a proposed framework for developing a device in which allowing users to autonomously manage electricity load demand through monitoring, controlling and scheduling mechanism.  ...  The proposed framework utilizes the principle of Demand Side Management in order to save energy by monitoring and re-arranging appliances load curve, of which resulted by either individual load or the  ...  Acknowledgement The authors are grateful for the grant provided by Kemenristek Dikti, The Republic of Indonesia through the Decentralization Competitive Research Scheme project 2016.  ... 
doi:10.1109/acept.2016.7811532 fatcat:csmmftzeovgzvjl4kbae7pq25q

Reliability-based Incentive Mechanism for Demand Response in Electric Power Market

Tae-Hyun Yoo, Ho-Chul Lee, Sang-Sung Lee, Yong Tae Yoon, Chang-Ho Rhee, Jong-Keun Park
2011 Journal of International Council on Electrical Engineering  
DR(Demand response) is a rising issue in electricity power market by reducing load quantity instead of increasing generation for balancing demand and supply.  ...  New mechanism for determining extra incentive is provided.  ...  Considering effects which are mentioned above, fixed incentive level for demand response participants is not suitable for designing the potential payment related to LMP variation part.  ... 
doi:10.5370/jicee.2011.1.4.377 fatcat:xynpbvre4nbsnh5o7ooxdosdpy

Blockchain‐based framework of power demand response in China

Yong Yan, Jianping Huang, Xingying Chen, Zhi Zhang, Tianhan Zhang, Zhenzhi Lin
2021 IET Renewable Power Generation  
On this basis, a new blockchain-based framework of China's typical demand response programs is proposed, in which consensus mechanism, encryption algorithm, and smart contract of blockchain are applied  ...  However, most exiting demand response programs in China are based on a centralized framework, which is easier for management, but cannot support a large number of scattered small-scale users' participation  ...  The implementation mechanisms of the invitation DR program and bidding DR program are designed, respectively.  ... 
doi:10.1049/rpg2.12219 fatcat:iew4rrko7fakrjfkjzcguemoa4

An Integrated eVoucher Mechanism for Flexible Loads in Real-Time Retail Electricity Market

Tao Chen, Hajir Pourbabak, Zheming Liang, Wencong Su
2017 IEEE Access  
The integrated eVoucher program entails demand side management, either in the positive or negative direction, following a popular customer-centric design principle.  ...  When implemented, the eVoucher program allows typical flexible loads, such as electric vehicle parking lots, to adjust their demand and consumption behavior according to financial incentives from an EDC  ...  The eVoucher based customer participation program for parking lot owners is different from conventional demand response (DR) programs that are either incentive or price based.  ... 
doi:10.1109/access.2017.2659704 fatcat:kr5exkrjojgbfgh32c52bp4yne

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.  ...  Acknowledgments: This work was supported by the Institute for the Future (IFF), University of Nicosia, as part of the corresponding author's (E.K.) Ph.D. studies.  ... 
doi:10.3390/fi14050136 fatcat:fmqsqbkcefba7cpcefulxo7fdi
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