A novel economic model for price-based demand response

被引：75
|
作者：
Mohajeryami, Saeed [1 ]
Moghaddam, Iman N. [1 ]
Doostan, Milad [1 ]
Vatani, Behdad [1 ]
Schwarz, Peter [1 ]
机构：
[1] Univ N Carolina, Charlotte, NC 28223 USA
来源：
ELECTRIC POWER SYSTEMS RESEARCH | 2016年 / 135卷
关键词：
Demand response (DR) programs; Time-of-use (TOU) pricing; Diamond's OLG model; Peak load reduction; Substitution effect; Income effect; ELECTRICITY; ELASTICITY; PROGRAMS;
D O I：
10.1016/j.epsr.2016.03.026
中图分类号：
TM [电工技术]; TN [电子技术、通信技术];
学科分类号：
0808 ; 0809 ;
摘要：
This paper proposes an economic model for the demand response which can explain the change and the cross-period shift in consumption pattern of individual consumers. The objective of the proposed model is to maximize the customer utility constrained by either the daily budget or daily consumption. To develop the proposed model, first, the customer utility function is described and maximized. Then, the selection of the proper parameters for the model is discussed by sensitivity analysis. Next, an algorithm is proposed to apply the model to a TOU demand response program. Subsequently, the proposed algorithm is employed to apply the model to a case study. The results demonstrate the power of the model in explaining the change and cross-period shift in consumption pattern. (C) 2016 Elsevier B.V. All rights reserved.
引用
收藏
页码：1 / 9
页数：9
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