NDLI: Coordination of wind power and flexible load through demand response options

Content Provider	IEEE Xplore Digital Library
Author	Wang, Dai Kalathil, Dileep Poolla, Kameshwar Guan, Xiaohong
Copyright Year	2015
Description	Author affiliation: Mechanical Engineering, University of California, Berkeley, United States (Kalathil, Dileep; Poolla, Kameshwar) \|\| Ministry of Education Key Lab for Intelligent Networks and Network Security (MOE KLINNS), Xi'an Jiaotong University, China (Wang, Dai; Guan, Xiaohong)
Abstract	We explore the value of demand response (DR) for enhancing wind power integration. This value is derived through load curtailment to manage the variability of wind power. It increases the opportunity to use wind power and brings economic benefits to the aggregation of the load serving entity (LSE) and the flexible energy consumer. DR is provided by the flexible load through call options offers to the LSE. A transaction mechanism is designed to incentivize the DR aggregator by an appropriate selection of the strike price. It is shown that the strike price should be chosen to be the true value of lost load. A multi-stage decision-theoretic formulation is presented to model the interaction between the aggregator and two settlement markets. Simulations reveal that the proposed approach reduces the total costs incurred by the LSE.
Starting Page	7226
Ending Page	7231
File Size	223655
Page Count	6
File Format	PDF
e-ISBN	9781479978861
DOI	10.1109/CDC.2015.7403359
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2015-12-15
Publisher Place	Japan
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Wind power generation Real-time systems Load management Wind energy Electricity supply industry Load modeling Renewable energy sources
Content Type	Text
Resource Type	Article

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