Industrial Demand Side Management Formulation for Simultaneous Electricity Load Commitment and Future Load Prediction

Giancarlo Dalle Ave, Iiro Harjunkoski, Sebastian Engell

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

2 Citations (Scopus)

Abstract

Large consumers’ electricity bills depend on many factors including: different electricity purchasing contracts and markets, deviation penalties, and grid fees. Two key markets are the intraday and the day-ahead markets. On the day-ahead market, the consumer commits to a load of electricity that stacks on top of their longer-term contract commitments. The next day, the consumer must follow this demand profile to avoid paying deviation penalties. The demand curve can be modified on the existing day using the intraday market. A novel demand side response formulation is proposed that considers a two-day horizon for both the intraday and the day-ahead markets by a separate modeling approach. Results show that this formulation can effectively combine intraday and day-ahead market concerns and that the resulting demand profile from the two-day problem is more realistic than current models, which consider only a single-day problem.

Original languageEnglish
Title of host publication13th International Symposium on Process Systems Engineering
PublisherElsevier
Pages1237-1242
Number of pages6
Volume44
ISBN (Print)978-0-444-64241-7
DOIs
Publication statusPublished - 1 Jan 2018
MoE publication typeA3 Part of a book or another research book
EventInternational Symposium on Process Systems Engineering - San Diego, San Diego , United States
Duration: 1 Jul 20185 Jul 2018
Conference number: 13
https://pse2018.org/

Publication series

NameCOMPUTER AIDED CHEMICAL ENGINEERING
PublisherElsevier
ISSN (Print)1570-7946

Conference

ConferenceInternational Symposium on Process Systems Engineering
Abbreviated titlePSE
CountryUnited States
CitySan Diego
Period01/07/201805/07/2018
Internet address

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