Journal ArticleDOI
Optimal demand-side response to electricity spot prices for storage-type customers
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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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ReportDOI
Modeling Power Systems as Complex Adaptive Systems
David P. Chassin,Joel M. Malard,Christian Posse,Asim Gangopadhyaya,Ning Lu,Srinivas Katipamula,Jeffrey Mallow +6 more
TL;DR: Physical analogs have shown considerable promise for understanding the behavior of complex adaptive systems, including macroeconomics, biological systems, social networks, and electric power markets as discussed by the authors, and some of today's most challenging technical and policy questions can be reduced to a distributed economic control problem.
Journal ArticleDOI
An experiment in real time pricing for control of electric thermal storage systems
TL;DR: In this paper, the authors present the results of an experiment designed to test the economic benefits of real-time pricing (RTP) used to schedule electric thermal storage (ETS) systems in a New York utility's service territory during the winter of 1989-1990.
Journal ArticleDOI
Short-term electricity procurement: A rolling horizon stochastic programming approach
TL;DR: In this paper, a two-stage problem is formulated with the aim of establishing the optimal amount of electricity to be purchased through bilateral contracts and in the Day-Ahead Electricity Market.
Journal ArticleDOI
Peak load management based on hybrid power generation and demand response
TL;DR: Results show that, implementing the DeRP, the energy provision costs are reduced using risk-neutral and risk-averse approaches, respectively.
Journal ArticleDOI
Flexible operation of switchable chlor-alkali electrolysis for demand side management
TL;DR: It is shown that the flexible operation of chlor-alkali electrolysis is capable of reducing electricity utilization as well as costs and can be gained with a stronger electricity price fluctuation, a larger operational margin, a bigger chlorine storage tank, and lower capital investment for retrofitting.
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.