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

Olli Kilkki; Ilkka Seilonen; Kai Zenger; Valeriy Vyatkin

doi:10.1109/ISGTEurope.2016.7856253

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

Olli Kilkki, Ilkka Seilonen, Kai Zenger, Valeriy Vyatkin

Tutkimustuotos: Artikkeli kirjassa/konferenssijulkaisussa › Conference article in proceedings › Scientific › vertaisarvioitu

Abstrakti

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.

Alkuperäiskieli	Englanti
Otsikko	Proceedings of the IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT Europe 2016
Kustantaja	IEEE
Sivumäärä	6
ISBN (elektroninen)	978-1-5090-3358-4
DOI - pysyväislinkit	https://doi.org/10.1109/ISGTEurope.2016.7856253
Tila	Julkaistu - 14 helmik. 2017
OKM-julkaisutyyppi	A4 Artikkeli konferenssijulkaisussa
Tapahtuma	IEEE PES Europe Conference on Innovative Smart Grid Technologies - Ljubljana, Slovenia Kesto: 9 lokak. 2016 → 12 lokak. 2016

Julkaisusarja

Nimi	IEEE PES Innovative Smart Grid Technologies Conference Europe
Kustantaja	Institute of Electrical and Electronics Engineers Inc.
ISSN (painettu)	2165-4816
ISSN (elektroninen)	2165-4824

Conference

Conference	IEEE PES Europe Conference on Innovative Smart Grid Technologies
Lyhennettä	ISGT Europe
Maa/Alue	Slovenia
Kaupunki	Ljubljana
Ajanjakso	09/10/2016 → 12/10/2016

YK:n kestävän kehityksen tavoitteet

Tämä tuotos edistää seuraavia kestävän kehityksen tavoitteita:

Pääsy asiakirjaan

10.1109/ISGTEurope.2016.7856253

Muut tiedostot ja linkit

Link to publication in Scopus

Siteeraa tätä

Kilkki, O., Seilonen, I., Zenger, K., & Vyatkin, V. (2017). Incentives for Shaping the Consumption Profile of a Group of Consumers with Energy Storages. teoksessa Proceedings of the IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT Europe 2016 Artikkeli 7856253 (IEEE PES Innovative Smart Grid Technologies Conference Europe). IEEE. https://doi.org/10.1109/ISGTEurope.2016.7856253

@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",

}

Kilkki, O, Seilonen, I , Zenger, K & Vyatkin, V 2017, Incentives for Shaping the Consumption Profile of a Group of Consumers with Energy Storages. julkaisussa Proceedings of the IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT Europe 2016., 7856253, IEEE PES Innovative Smart Grid Technologies Conference Europe, IEEE, IEEE PES Europe Conference on Innovative Smart Grid Technologies, Ljubljana, Slovenia, 09/10/2016. https://doi.org/10.1109/ISGTEurope.2016.7856253

Incentives for Shaping the Consumption Profile of a Group of Consumers with Energy Storages. / Kilkki, Olli; Seilonen, Ilkka ; Zenger, Kai et al.
Proceedings of the IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT Europe 2016. IEEE, 2017. 7856253 (IEEE PES Innovative Smart Grid Technologies Conference Europe).

Tutkimustuotos: Artikkeli kirjassa/konferenssijulkaisussa › Conference article in proceedings › Scientific › vertaisarvioitu

TY - GEN

T1 - Incentives for Shaping the Consumption Profile of a Group of Consumers with Energy Storages

AU - Kilkki, Olli

AU - Seilonen, Ilkka

AU - Zenger, Kai

AU - Vyatkin, Valeriy

PY - 2017/2/14

Y1 - 2017/2/14

N2 - 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.

AB - 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.

KW - smart grid

KW - demand response

KW - energy storage

UR - http://www.scopus.com/inward/record.url?scp=85017526904&partnerID=8YFLogxK

U2 - 10.1109/ISGTEurope.2016.7856253

DO - 10.1109/ISGTEurope.2016.7856253

M3 - Conference article in proceedings

T3 - IEEE PES Innovative Smart Grid Technologies Conference Europe

BT - Proceedings of the IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT Europe 2016

PB - IEEE

T2 - IEEE PES Europe Conference on Innovative Smart Grid Technologies

Y2 - 9 October 2016 through 12 October 2016

ER -

Kilkki O, Seilonen I , Zenger K , Vyatkin V. Incentives for Shaping the Consumption Profile of a Group of Consumers with Energy Storages. julkaisussa Proceedings of the IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT Europe 2016. IEEE. 2017. 7856253. (IEEE PES Innovative Smart Grid Technologies Conference Europe). doi: 10.1109/ISGTEurope.2016.7856253

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

Abstrakti

Julkaisusarja

Conference

YK:n kestävän kehityksen tavoitteet

Pääsy asiakirjaan

Muut tiedostot ja linkit

Sormenjälki

Siteeraa tätä