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Impacts of demand response from different sectors on generation system well being

Hassanzadeh, M. N ; Sharif University of Technology

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  1. Type of Document: Article
  2. DOI: 10.5370/JEET.2017.12.5.1719
  3. Abstract:
  4. Recent concerns about environmental conditions have triggered the growing interest in using green energy resources. These sources of energy, however, bring new challenges mainly due to their uncertainty and intermittency. In order to alleviate the concerns on the penetration of intermittent energy resources, this paper investigates impacts of realizing demand-side potentials. Among different demand-side management programs, this paper considers demand response wherein consumers change their consumption pattern in response to changing prices. The research studies demand response potentials from different load sectors on generation system well-being. Consumers’ sensitivity to time-varying prices is captured via self and cross elasticity coefficients. In the calculation of well-being indices, sequential Monte Carlo simulation approach is accompanied with fuzzy logic. Finally, IEEE-RTS is used as the test bed to conduct several simulations and the associated results are thoroughly discussed. © The Korean Institute of Electrical Engineers
  5. Keywords:
  6. Generation system wellbeing ; Time-varying prices ; Computer circuits ; Costs ; Demand side management ; Elasticity ; Electric utilities ; Energy resources ; Fuzzy logic ; Intelligent systems ; Consumption patterns ; Cross-elasticities ; Elasticity coefficients ; Environmental conditions ; Generation systems ; Sequential monte carlo simulation ; Time varying ; Wellbeing ; Monte carlo methods
  7. Source: Journal of Electrical Engineering and Technology ; Volume 12, Issue 5 , 2017 , Pages 1719-1728 ; 19750102 (ISSN)
  8. URL: http://koreascience.or.kr/article/ArticleFullRecord.jsp?cn=E1EEFQ_2017_v12n5_1719