Optimum generation scheduling based dynamic price making for demand response in a smart power grid

N.G. Paterakis, O. Erdinç, J.P.S. Catalaõ, A.G. Bakirtzis

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

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.
Original languageEnglish
Title of host publicationTechnologic innovation for collective awareness systems : 5th IFIP WG 5.5/SOCOLNET Doctoral Conference on Computing, Electrical and Industrial Systems, DoCEIS2014, Costa de Capaica, Portugal, April 7-9, 2014. Proceedings
EditorsL.M. Camarinha-Matos, N.S. Barrento, R. Mendonça
Place of PublicationBerlin
PublisherSpringer
Pages371-379
ISBN (Electronic)978-3-642-54734-8
ISBN (Print)978-3-642-54733-1
DOIs
Publication statusPublished - 2014
Externally publishedYes
Event5th IFIP WG 5.5/SOCOLNET Doctoral Conference on Computing, Electrical and Industrial Systems (DoCEIS 2014) - Costa de Caparica, Portugal
Duration: 7 Apr 20149 Apr 2014

Publication series

NameIFIP Advances in Information and Communication Technology
PublisherSpringer
Volume423
ISSN (Print)868-4238
ISSN (Electronic)868-422X

Conference

Conference5th IFIP WG 5.5/SOCOLNET Doctoral Conference on Computing, Electrical and Industrial Systems (DoCEIS 2014)
CountryPortugal
CityCosta de Caparica
Period7/04/149/04/14

Keywords

  • Demand response
  • Home energy management
  • Optimal scheduling
  • Real-time pricing

Cite this

Paterakis, N. G., Erdinç, O., Catalaõ, J. P. S., & Bakirtzis, A. G. (2014). Optimum generation scheduling based dynamic price making for demand response in a smart power grid. In L. M. Camarinha-Matos, N. S. Barrento, & R. Mendonça (Eds.), Technologic innovation for collective awareness systems : 5th IFIP WG 5.5/SOCOLNET Doctoral Conference on Computing, Electrical and Industrial Systems, DoCEIS2014, Costa de Capaica, Portugal, April 7-9, 2014. Proceedings (pp. 371-379). (IFIP Advances in Information and Communication Technology; Vol. 423). Springer. https://doi.org/10.1007/978-3-642-54734-8_41