@inproceedings{6ea5fecb41c24763ac2d50343624a8ef,
title = "Incentives for Shaping the Consumption Profile of a Group of Consumers with Energy Storages",
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.",
keywords = "smart grid, demand response, energy storage",
author = "Olli Kilkki and Ilkka Seilonen and Kai Zenger and Valeriy Vyatkin",
year = "2017",
month = feb,
day = "14",
doi = "10.1109/ISGTEurope.2016.7856253",
language = "English",
series = "IEEE PES Innovative Smart Grid Technologies Conference Europe",
publisher = "IEEE",
booktitle = "Proceedings of the IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT Europe 2016",
address = "United States",
note = "IEEE PES Europe Conference on Innovative Smart Grid Technologies, ISGT Europe ; Conference date: 09-10-2016 Through 12-10-2016",
}
