Pool-Based Demand Response Exchange-Concept and Modeling

被引:156
作者
Duy Thanh Nguyen [1 ]
Negnevitsky, Michael [1 ]
de Groot, Martin [2 ]
机构
[1] Univ Tasmania, CREPS, Hobart, Tas, Australia
[2] CSIRO Tasmanian ICT Ctr, Hobart, Tas, Australia
关键词
Assurance contract; demand response (DR); demand response eXchange (DRX); microeconomic theory; public good; restructured power systems; ELECTRICITY;
D O I
10.1109/TPWRS.2010.2095890
中图分类号
TM [电工技术]; TN [电子技术、通信技术];
学科分类号
0808 ; 0809 ;
摘要
In restructured power systems, there are many independent players who benefit from demand response (DR). These include the transmission system operator (TSO), distributors, retailers, and aggregators. This paper proposes a new concept-demand response eXchange (DRX)-in which DR is treated as a public good to be exchanged between DR buyers and sellers. Buyers need DR to improve the reliability of their own electricity-dependent businesses and systems. Sellers have the capacity to significantly modify electricity demand on request. Microeconomic theory is applied to model the DRX in the form of a pool-based market. In this market, a DRX operator (DRXO) collects DR bids and offers from the buyers and sellers, respectively. It then clears the market by maximizing the total market benefit subject to certain constraints including: demand-supply balance, and assurance contracts related to individual buyer contributions for DR. The DRX model is also tested on a small power system, and its efficiency is reported.
引用
收藏
页码:1677 / 1685
页数:9
相关论文
共 26 条
[1]  
AEMO, 2008, INTR AUSTR NAT EL MA
[2]   A Generic Operations Framework for Discos in Retail Electricity Markets [J].
Algarni, Ayed A. S. ;
Bhattacharya, Kankar .
IEEE TRANSACTIONS ON POWER SYSTEMS, 2009, 24 (01) :356-367
[3]   PROVISION OF PUBLIC-GOODS - FULLY IMPLEMENTING THE CORE THROUGH PRIVATE CONTRIBUTIONS [J].
BAGNOLI, M ;
LIPMAN, BL .
REVIEW OF ECONOMIC STUDIES, 1989, 56 (04) :583-601
[4]   Equilibrium pricing and optimal hedging in electricity forward markets [J].
Bessembinder, H ;
Lemmon, ML .
JOURNAL OF FINANCE, 2002, 57 (03) :1347-1382
[5]  
Billinton R., 1994, RELIABILITY EVALUATI, DOI DOI 10.1007/978-1-4615-7731-7
[6]   When supply meets demand: The case of hourly spot electricity prices [J].
Boogert, Alexander ;
Dupont, Dominique .
IEEE TRANSACTIONS ON POWER SYSTEMS, 2008, 23 (02) :389-398
[7]   FREE RIDE, FREE REVELATION, OR GOLDEN RULE [J].
BRUBAKER, ER .
JOURNAL OF LAW & ECONOMICS, 1975, 18 (01) :147-161
[8]  
CAVES D., 2000, The Electricity Journal, V13, P13, DOI DOI 10.1016/S1040-6190(00)00092-0
[9]  
EPRI, 2009, SB134109CN0031 EPRI
[10]   Using utility information to calibrate customer demand management behavior models [J].
Fahrioglu, M ;
Alvarado, FL .
IEEE TRANSACTIONS ON POWER SYSTEMS, 2001, 16 (02) :317-322