Incentives for Shaping the Consumption Profile of a Group of Consumers with Energy Storages

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Abstract

The effects of increasing volatility of energy production could be mitigated by real-time shaping of the electricity consumption profile. This paper compares various strategies of an electricity retailer for controlling the consumption profile of its customers, under uncertainties in wholesale prices as well as heating demand. The economic and technical performance potential of selected forms of direct load control and dynamic pricing contracts are assessed through numerical simulations involving electric storage space heating consumers. Best potential monetary benefits were obtained by allowing direct load control and optimizing for additional flexibility, when simulating trading in the intra-day market.

Original languageEnglish
Title of host publicationProceedings of the IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT Europe 2016
Number of pages6
ISBN (Electronic)978-1-5090-3358-4
DOIs
Publication statusPublished - 14 Feb 2017
MoE publication typeA4 Article in a conference publication
EventIEEE PES Europe Conference on Innovative Smart Grid Technologies - Ljubljana, Slovenia
Duration: 9 Oct 201612 Oct 2016

Publication series

NameIEEE PES Innovative Smart Grid Technologies Conference Europe
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISSN (Print)2165-4816
ISSN (Electronic)2165-4824

Conference

ConferenceIEEE PES Europe Conference on Innovative Smart Grid Technologies
Abbreviated titleISGT Europe
CountrySlovenia
CityLjubljana
Period09/10/201612/10/2016

Keywords

  • smart grid
  • demand response
  • energy storage

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