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Optimum Generation Scheduling Based Dynamic Price Making for Demand Response in a Smart Power Grid

Abstract : Smart grid is a recently growing area of research including optimum and reliable operation of bulk power grid from production to end-user premises. Demand side activities like demand response (DR) for enabling consumer participation are also vital points for a smarter operation of the electric power grid. For DR activities in end-user level regulated by energy management systems, a dynamic price variation determined by optimum operating strategies should be provided aiming to shift peak demand periods to off-peak periods of energy usage. In this regard, an optimum generation scheduling based price making strategy is evaluated in this paper together with the analysis of the impacts of dynamic pricing on demand patterns with case studies. Thus, the importance of considering DR based demand pattern changes on price making strategy is presented for day-ahead energy market structure.
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Nikolaos Paterakis, Ozan Erdinc, João Catalão, Anastasios Bakirtzis. Optimum Generation Scheduling Based Dynamic Price Making for Demand Response in a Smart Power Grid. 5th Doctoral Conference on Computing, Electrical and Industrial Systems (DoCEIS), Apr 2014, Costa de Caparica, Portugal. pp.371-379, ⟨10.1007/978-3-642-54734-8_41⟩. ⟨hal-01274799⟩

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