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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Journal ArticleDOI
Operations planning with real time pricing of a primary input
Mark H. Karwan,Matthew F. Keblis +1 more
TL;DR: Results of the study indicate that RTP is most appealing when there is substantial flexibility in the operating environment in terms of the load placed on the plant (customer demand) and with regard to ramp-up (akin to set-up) times.
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Optimal Scheduling of Domestic Appliances via MILP
TL;DR: In this article, a consumption scheduling mechanism for domestic appliances within a home area network is proposed to minimize the total energy price paid by the consumer and to reduce power peaks in order to achieve a balanced daily load schedule.
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Improving Electric Vehicle Charging Coordination Through Area Pricing
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Journal ArticleDOI
Energy procurement for large consumers in electricity markets
TL;DR: In this article, the authors considered a large consumer that procures its electric energy in an electricity market, involving both pool and bilateral transactions, and the consumer operated a self-production facility of limited size.
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Risk-Based Electricity Procurement for Large Consumers
TL;DR: In this paper, a novel method is proposed to address the electricity procurement problem of large consumers using the concept of information gap decision theory, which can be used as a tool for assessing the risk levels, considering whether a large consumer is risk-taking or risk-averse regarding its midterm procurement strategies.
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.