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
Enterprise-wide optimization for industrial demand side management: Fundamentals, advances, and perspectives
Qi Zhang,Ignacio E. Grossmann +1 more
TL;DR: In this paper, the authors present a comprehensive review of existing works on enterprise-wide optimization for industrial demand side management (DSM), focusing on four main challenges that are identified as: (1) accurate modeling of operational flexibility, (2) integration of production and energy management, (3) decision-making across multiple time and space scales, and (4) optimization under uncertainty.
Journal ArticleDOI
Combining the Demand Response of direct electric space heating and partial thermal storage using LP optimization
TL;DR: In this article, the authors optimize the demand response (DR) control of partial storage electric space heating using a linear programming (LP) approach to minimize the total energy cost of customers without sacrificing user comfort.
Journal ArticleDOI
A review on Demand-side tools in electricity market
TL;DR: In this article, the authors examined the hockey-stick bidding strategy in the electricity markets, and the most important result was transfer of the demand side assets to the supply-side.
Proceedings ArticleDOI
A taxonomy for modeling flexibility and a computationally efficient algorithm for dispatch in Smart Grids
TL;DR: A taxonomy for modeling flexibility in Smart Grids, denoted Buckets, Batteries and Bakeries is presented and it is demonstrated, that Agile Balancing is extremely computationally efficient since it is based on sorting rather than linear programming.
Journal ArticleDOI
Optimized Control of Price-Based Demand Response With Electric Storage Space Heating
TL;DR: The optimization of the consumer electricity price of electric storage space heating customers is shown to offer lesser expense for the retailer and hourly load-following can be improved by offering further discounts for the consumers.
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.