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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Aalami, H.A. Khodaei, J. Fard, M. |
| Copyright Year | 2011 |
| Description | Author affiliation: Department of Electrical Engineering, Imam Hossein University, Tehran, Iran (Aalami, H.A.) || Damavand Branch, Islamic Azad University, Tehran, Iran (Khodaei, J.) || Faculty of Electrical Eng., Universiti Teknologi Malaysia, Malaysia (Fard, M.) |
| Abstract | There is widespread recognition of the need to institute demand response (DR) in today's electricity markets. During critical peaks in the demand for electricity, such as during summer heat waves, wholesale electricity prices can rise to their highest levels. Basically, demand response programs are divided into two main categories namely, incentive-based programs and time-based programs. The focus of this paper is on two mandatory programs namely Interruptible/ Curtailable service (I/C) and Capacity market programs (CAP), which are incentive-based demand response programs including penalties for customers in case of no responding to load reduction. First, by using the concept of Price Elasticity of Demand and Customer Benefit Function, economic model of above mentioned programs is developed. To evaluate the performance of the model, simulation study has been conducted using the load curve of the peak day of the Iranian power system grid in 2007. In the numerical study section, the impact of these programs on load shape and load level, and benefit of customers as well as reduction of energy consumption are shown. |
| Starting Page | 271 |
| Ending Page | 276 |
| File Size | 668104 |
| Page Count | 6 |
| File Format | |
| ISBN | 9781467300995 |
| e-ISBN | 9781467301022 |
| DOI | 10.1109/SCOReD.2011.6148749 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2011-12-19 |
| Publisher Place | Malaysia |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Economics Electricity Elasticity Load management Capacity Market Program Interruptible/Curtailable Service Mathematical model Equations Load modeling Mandatory Demand Response Programs |
| Content Type | Text |
| Resource Type | Article |
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