A new demand response scheme for electricity retailers

Mahmoudi, Nadali, Saha, Tapan K. and Eghbal, Mehdi (2014) A new demand response scheme for electricity retailers. Electric Power Systems Research, 108 144-152. doi:10.1016/j.epsr.2013.11.009

Author Mahmoudi, Nadali
Saha, Tapan K.
Eghbal, Mehdi
Title A new demand response scheme for electricity retailers
Journal name Electric Power Systems Research   Check publisher's open access policy
ISSN 0378-7796
Publication date 2014-01-01
Year available 2013
Sub-type Article (original research)
DOI 10.1016/j.epsr.2013.11.009
Open Access Status Not yet assessed
Volume 108
Start page 144
End page 152
Total pages 9
Place of publication Lausanne, Switzerland
Publisher Elsevier SA
Language eng
Subject 2102 Curatorial and Related Studies
2208 Electrical and Electronic Engineering
Abstract A new demand response (DR) scheme from the retailers' point of view is presented in this paper. The proposed DR scheme allows a retailer to decide how to buy DR from aggregators and consumers. Various long-term and real-time DR agreements are proposed, where they are considered as energy resources of retailers in addition to the commonly used providers. These innovative agreements include pool-order options, spike-order options, forward DR contracts and reward-based DR. A stochastic energy procurement problem for retailers is formulated, in which pool prices and customers' participation in the reward-based DR are uncertain variables. The feasibility of the problem is assessed using a realistic case of the Queensland jurisdiction within the Australian National Electricity Market (NEM). The outcomes indicate the usefulness of the given DR scheme for retailers, particularly for the conservative ones.
Keyword Demand response
Electricity retailer
Forward DR
Pool order options
Reward based DR
Spike order options
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2014 Collection
School of Information Technology and Electrical Engineering Publications
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Citation counts: TR Web of Science Citation Count  Cited 13 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 16 times in Scopus Article | Citations
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Created: Tue, 31 Dec 2013, 10:13:25 EST by System User on behalf of School of Information Technol and Elec Engineering