Abstract
In this work, a power market framework is presented comprised of demand response aggregators (DRAs) trading energy stored in residential batteries. Competition is modeled by a Stackelberg game, with market clearing hourly, which determines each DRAs bidding strategy that will maximize payoff. The magnitude and price of power transactions allowable is controlled by the game’s leader. Dynamic pricing is considered in two forms. As demand updates, dynamic economic dispatch is used to update utility generator dispatch. The marginal electrical price offered by the utility updates each time interval reflecting updated supply and demand (real time pricing). Time-of-use load scheduling through dynamic programing combined with dynamic pricing optimizes load scheduling and reduces total demand in the system. The method schedules utility generation minimizing supply-side operational cost, and in turn, demand-side electricity cost at all times (valley, peak, off-peak) and is thus mutually advantageous.
Similar content being viewed by others
References
Khazaei H, Vahidi B, Hosseinian SH, Rastegar H (2015) Two-level decision-making model for a distribution company in day-ahead market. IET Gener Trans Distrib 9:1308–1315
Sabounchi M, Khazaei H, Sani S.K.H (2014) A new residential demand response management method based on a social welfare optimization framework Kuala Lumpur. In 2nd international conference on electrical. electronics and system engineering (ICEESE)
Motalleb M, Thornton M, Reihani E, Ghorbani R (2016) A nascent market for contingency reserve services using demand response. Appl Energy 179:985–995
Motalleb M, Thornton M, Reihani E, Ghorbani R (2016) Providing frequency regulation reserve services using demand response scheduling. Energy Convers Manag 124:439–452
Reihani E, Motalleb M, Ghorbani R, Saoud LS (2016) Load peak shaving and power smoothing of a distribution grid with high renewable energy penetration. Renew Energy 86:1372–1379
Reihani E, Motalleb M, Thornton M, Ghorbani R (2016) A novel approach using flexible scheduling and aggregation to optimize demand response in the developing interactive grid market architecture. Appl Energy 183:445–455
Motalleb M, Reihani E, Ghorbani R (2016) Optimal placement and sizing of the storage supporting transmission and distribution networks. Renew Energy 94:651–659
Motalleb M, Branigan J, Ghorbani R (2017) Demand response aggregator stackelberg competition for selling stored energy. In: IEEE power & energy society general meeting
Motalleb M, Ghorbani R (2017) Non-cooperative game-theoretic model of demand response aggregator competition for selling stored energy in storage devices. Appl Energy 202:581–596
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
About this article
Cite this article
Motalleb, M., Branigan, J. & Ghorbani, R. Poster abstract: demand response market considering dynamic pricing. Comput Sci Res Dev 33, 257–258 (2018). https://doi.org/10.1007/s00450-017-0371-6
Published:
Issue Date:
DOI: https://doi.org/10.1007/s00450-017-0371-6