Journal ArticleDOI
Optimal demand-side response to electricity spot prices for storage-type customers
TLDR
An overview of a fast, optimal, nonsimplex algorithm applicable to single storage electricity consuming processes and a case study involving an air compression company demonstrates the application of the algorithm and shows the economic effects of industrial customer response to the spot pricing of electricity.Abstract:
The customer response to spot prices is discussed. The factors that allow flexible customer response without service curtailments are identified. An overview of a fast, optimal, nonsimplex algorithm applicable to single storage electricity consuming processes is presented. A case study involving an air compression company demonstrates the application of the algorithm and shows the economic effects of industrial customer response to the spot pricing of electricity. >read more
Citations
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Journal ArticleDOI
Optimal scheduling of multiple sets of air separation units with frequent load-change operation
TL;DR: In this paper, a separate-mode strategy is proposed for modeling the air separation units with load-change capability, and a mixed-integer linear programming (MILP) is developed for the process scheduling.
Journal ArticleDOI
Ten questions concerning smart districts
TL;DR: In this article, the authors identify and answer ten questions covering relevant physical, commercial, planning and operational aspects of smart districts, and propose a new viewpoint on "energy efficiency" that is more aligned with the key role of flexibility in future energy systems.
Journal ArticleDOI
Optimal operation of cryogenic air separation systems with demand uncertainty and contractual obligations
Yu Zhu,Sean Legg,Carl D. Laird +2 more
TL;DR: In this paper, the problem of determining an optimal operating strategy to maximize the total profit of a Cryogenic Air Separation process while considering demand uncertainty and contractual obligations is addressed in a nonlinear programming formulation.
Journal ArticleDOI
A novel Traversal-and-Pruning algorithm for household load scheduling
TL;DR: In this paper, a novel Traversal-and-Pruning (TP) algorithm which schedules thermostatically controlled household loads to meet an optimization objective considering both payment and comfort settings is presented.
Journal ArticleDOI
Potential impact of recharging plug‐in hybrid electric vehicles on locational marginal prices
Lizhi Wang,Anhua Lin,Yihsu Chen +2 more
TL;DR: In this article, the authors consider different recharging scenarios and use game theoretic models to study the potential impact of the recharging loads on locational marginal prices (wholesale electricity prices).
References
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Book
Spot Pricing of Electricity
TL;DR: In this paper, the authors present a method to find the most relevant information from Bibliogr. : p. 255-266. Index Reference Record created on 2004-09-07, modified on 2016-08-08
Journal ArticleDOI
Optimal Spot Pricing: Practice and Theory
TL;DR: In this paper, a new concept of electricity pricing referred to as "spot pricing" is presented and a set of rates related to optimal spot prices are proposed and their applicability is discussed in view of different customer characteristics, metering, and communication costs.
Journal ArticleDOI
Algorithms for a spot price responding residential load controller
TL;DR: In this paper, the authors present the functions to be fulfilled by such a price-responsive device and describe the end-user devices available in residences and the control logics applicable to each.
Dissertation
Spot pricing of public utility services
TL;DR: Schmalensee et al. as discussed by the authors analyzed how public utility prices should be changed over time and space, and showed that the optimal timing and mix of recalculations and predetermined changes depend on: the transactions costs of each type of change; the stochastic and deterministic rates of change of full spot prices; and the ability of customers and suppliers to change behavior in response to different price patterns.