Download or read book Demand Customer Base Line and Demand Response in the Electricity Market written by Almas Heshmati and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The increasing use of demand-side management, as a tool to reliably meet electricity demands at peak time, has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers. This research reviews the growing literature on models which are used to study demand, customer base-line (CBL) and demand response in the electricity market. After characterizing the general demand models, the CBL, based on which the demand response models are studied, is reviewed. Given the experience gained from the review and existing conditions, the study combines an appropriate model for each case for a possible application to the electricity market; moreover, it discusses the implications of the results. In the literature, these aspects are studied independently. The main contribution of this survey is attributed to the treatment of the three issues as sequentially interdependent. The review is expected to enhance the understanding of the demand, CBL and demand response in the electricity market and their relationships. The objective is conducted through a combination of demand and supply side managements in order to reduce demand through different demand response programs during peak times. This enables electricity suppliers to save costly electricity generation and at the same time reduce energy vulnerability.

Download or read book Demand side Participation Baseline Load Analysis in Electricity Markets written by Nima Harsamizadeh Tehrani and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Demand participation is a basic ingredient of the next generation of power exchanges in electricity markets. A key challenge in implementing demand response stems from establishing reliable market frameworks so that purchasers can estimate the demand correctly, buy as economically as possible and have the means of hedging the risk of lack of supply. System operators also need ways of estimating responsive load behaviour to reliably operate the grid. In this context, two aspects of demand response are addressed in this study: scheduling and baseline estimation. The thesis presents a market clearing algorithm including demand side reserves in a two-stage stochastic optimization framework to account for wind power production uncertainty. The results confirm that enabling the load to provide reserve can potentially benefit consumers by reducing electricity price, while facilitating a higher share of renewable energy sources in the power system. Two novel methods, Bayesian Linear regression and Kernel adaptive filtering, are proposed for baseline load forecasting in the second part of the study. The former method provides an integrated solution for prediction with full accounting for uncertainty while the latter provides an online sequential learning algorithm that is useful for short term forecasting.

Download or read book Demand Response written by Joshua O'Neill and published by Nova Science Publishers. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most electricity customers see electricity rates that are based on average electricity costs and bear little relation to the true production costs of electricity as they vary over time. Demand response is a tariff or program established to motivate changes in electric use by end-use customers in response to changes in the price of electricity over time, or to give incentive payments designed to induce lower electricity use at times of high market prices or when grid reliability is jeopardised. Price-based demand response such as real-time pricing (RTP), critical-peak pricing (CPP) and time-of-use (TOU) tariffs, give customers time-varying rates that reflect the value and cost of electricity in different time periods. Armed with this information, customers tend to use less electricity at times when electricity prices are high. Incentive-based demand response programs pay participating customers to reduce their loads at times requested by the program sponsor, triggered either by a grid reliability problem or high electricity prices. Limited demand response capability exists in the U.S. today. Total demand response and load management capability has fallen by about one-third since 1996 due to diminished utility support and investment. States should consider aggressive implementation of price-based demand response for retail customers as a high priority. This book examines the electricity market benefits and energy efficiency co-ordination corresponding to demand response service.

Download or read book Electricity Markets written by Dan Haas and published by DIANE Publishing. This book was released on 2005 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The efficient & reliable functioning of the more than $200 billion electric industry is vital to all Americans. As demonstrated in the 2003 blackout in the Northeast & the 2001 energy crisis in the West, changes in the cost & availability of electricity can have significant impacts on consumers & the national economy. The Fed. Energy Reg'y. Comm. supports using demand-response programs as part of its effort to develop & oversee competitive electricity markets. This report identifies: (1) the types of demand-response programs currently in use; (2) the benefits of these programs; (3) the barriers to their intro. & expansion; & (4) instances where barriers have been overcome. Also examined the fed. govt.'s participation in these programs through the GSA.

Download or read book Demand Response written by Joshua O'Neill and published by . This book was released on 2014-05-14 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most electricity customers see electricity rates that are based on average electricity costs and bear little relation to the true production costs of electricity as they vary over time. Demand response is a tariff or program established to motivate changes in electric use by end-use customers in response to changes in the price of electricity over time, or to give incentive payments designed to induce lower electricity use at times of high market prices or when grid reliability is jeopardized. Price-based demand response such as real-time pricing (RTP), critical-peak pricing (CPP) and time-of-

Download or read book Electricity Markets written by Sayyad Nojavan and published by Springer Nature. This book was released on 2020-03-10 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes new electricity pricing models that consider uncertainties in the power market due to the changing behavior of market players and the implementation of renewable distributed generation and responsive loads. In-depth chapters examine the different types of market players including the generation, transmission, and distribution companies, virtual power plants, demand response aggregators, and energy hubs and microgrids. Expert authors propose optimal operational models for short-term performance and scheduling and present readers with solutions for pricing challenges in uncertain environments. This book is useful for engineers, researchers and students involved in integrating demand response programs into smart grids and for electricity market operation and planning. Proposes optimal operation models; Discusses the various players in today's electricity markets; Describes the effects of demand response programs in smart grids.

Download or read book Electricity Markets written by United States. Government Accountability Office and published by . This book was released on 2004 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Peak Energy Demand and Demand Side Response written by Jacopo Torriti and published by Routledge. This book was released on 2015-07-16 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: With different intensities, depending on the season, every morning and evening of any weekday there are the same peaks in electricity demand. Peaks can bring about significantly negative environmental and economic impacts. Demand Side Response is a relatively recent solution in Europe which has the potential to reduce peak demand and ease impending capacity shortages. Peak Energy Demand and Demand Side Response presents evidence on a set of Demand Side Response activities, ranging from price-based to incentive-based programmes and policies. Examples are drawn from different programmes for both residential and non-residential sectors of electricity demand, including Time of Use tariffs, Critical Peak Pricing Automated Demand Controllers and Ancillary Services. The book also looks at the actual energy saving impacts of smart meters, the activities which constitute peak demand and the potential opportunities associated with European smart grids and Capacity Markets. This is the first book presenting comprehensive analysis of the impacts, cost benefits and risks associated with Demand Side Response programmes and policies. It should be of interest to students, scholars and policy-makers in the areas of energy, environmental economics and applied economics.

Download or read book Demand Response in U S Electricity Markets written by and published by . This book was released on 2009 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical evidence concerning demand response (DR) resources is needed in order to establish baseline conditions, develop standardized methods to assess DR availability and performance, and to build confidence among policymakers, utilities, system operators, and stakeholders that DR resources do offer a viable, cost-effective alternative to supply-side investments. This paper summarizes the existing contribution of DR resources in U.S. electric power markets. In 2008, customers enrolled in existing wholesale and retail DR programs were capable of providing ~;;38,000 MW of potential peak load reductions in the United States. Participants in organized wholesale market DR programs, though, have historically overestimated their likely performance during declared curtailments events, but appear to be getting better as they and their agents gain experience. In places with less developed organized wholesale market DR programs, utilities are learning how to create more flexible DR resources by adapting legacy load management programs to fit into existing wholesale market constructs. Overall, the development of open and organized wholesale markets coupled with direct policy support by the Federal Energy Regulatory Commission has facilitated new entry by curtailment service providers, which has likely expanded the demand response industry and led to product and service innovation.

Download or read book Demand Response in Smart Grids written by Pengwei Du and published by Springer. This book was released on 2019-07-02 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first of its kind to comprehensively describe the principles of demand response. This allows consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage in response to the grid reliability need, time-based rates or other forms of financial incentives. The main contents of the book include modeling of demand response resources, incentive design, scheduling and dispatch algorithms, and impacts on grid operation and planning. Through case studies and illustrative examples, the authors highlight and compare the advantages, disadvantages and benefits that demand response can have on grid operations and electricity market efficiency. First book of its kind to introduce the principles of demand response; Combines theory with real-world applications useful for both professionals and academic researchers; Covers demand response in the context of power system applications.

Download or read book Demand Response Compensation in Organized Wholesale Energy Markets Us Federal Energy Regulatory Commission Regulation Ferc 2018 Edition written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-10-06 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demand Response Compensation in Organized Wholesale Energy Markets (US Federal Energy Regulatory Commission Regulation) (FERC) (2018 Edition) The Law Library presents the complete text of the Demand Response Compensation in Organized Wholesale Energy Markets (US Federal Energy Regulatory Commission Regulation) (FERC) (2018 Edition). Updated as of May 29, 2018 In this Final Rule, the Federal Energy Regulatory Commission (Commission) amends its regulations under the Federal Power Act to ensure that when a demand response resource participating in an organized wholesale energy market administered by a Regional Transmission Organization (RTO) or Independent System Operator (ISO) has the capability to balance supply and demand as an alternative to a generation resource and when dispatch of that demand response resource is cost-effective as determined by the net benefits test described in this rule, that demand response resource must be compensated for the service it provides to the energy market at the market price for energy, referred to as the locational marginal price (LMP). This approach for compensating demand response resources helps to ensure the competitiveness of organized wholesale energy markets and remove barriers to the participation of demand response resources, thus ensuring just and reasonable wholesale rates. This book contains: - The complete text of the Demand Response Compensation in Organized Wholesale Energy Markets (US Federal Energy Regulatory Commission Regulation) (FERC) (2018 Edition) - A table of contents with the page number of each section

Download or read book The Power to Choose written by International Energy Agency and published by International Energy Agency. This book was released on 2003 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: On cover and title page: Energy market reform.

Download or read book Integration of Demand Response into the Electricity Chain written by Arturo Losi and published by John Wiley & Sons. This book was released on 2015-12-07 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of Demand Response (DR) generally concerns methodologies, technologies and commercial arrangements that could allow active participation of consumers in the power system operation. The primary aim of DR is thus to overcome the “traditional” inflexibility of electrical demand and, amongst others, create a new powerful tool to maximize deployment of renewable energy sources as well as provide active network management solutions to help reducing the impact of limited grid capabilities. DR allows consumers to actively participate in power system operation, thus bringing new opportunities in emerging energy markets as well as tangible system benefits. In this sense, DR is considered one of the key enablers of the Smart Grid concept. However, DR also poses a number of challenges, particularly when “active demand” is connected to the Low Voltage network, thus affecting all the actors involved in the electricity chain. This book presents for the first time a comprehensive view on technical methodologies and architectures, commercial arrangements, and socio-economic and regulatory factors that could facilitate the uptake of DR. The work is developed in a systematic way so as to create a comprehensive picture of challenges, benefits and opportunities involved with DR. The reader will thus be provided with a clear understanding of the complexity deriving from a demand becoming active, as well as with a quantitative assessment of the techno-economic value of the proposed solutions in a Smart Grid context. Many research contributions have appeared in recent years in the field of DR, both in journals and conference proceedings. However, most publications focus on individual aspects of the problem. A systematic treatment of the issues to be tackled to introduce DR in existing electricity grids, involving the extended value chain in terms of technical and commercial aspects, is still missing. Also, several books have recently been published about Smart Grid, in which there is some mention to DR. However, again while DR is seen as a key pillar for the Smart Grid, there is no dedicated, comprehensive and systematic contribution in this respect.

Download or read book Electricity Pricing in Transition written by Ahmad Faruqui and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity Pricing In Transition is written to address the new issues facing utilities, retailers, regulators, and customers in the changing electricity market. It is organized into five sections. Section I deals with the new restructured organization that has emerged from yesterday's vertically integrated, regulated monopoly company. Section II deals with issues in competitive pricing. Section III reviews the role of demand response and product design in today's chaotic marketplace. Given the single importance of California's energy crisis and the fact that it will be studied for years to come, Section IV is devoted to studying the lessons learned from this crisis. The final section of the book deals with markets and regulations. This book will provide practitioners with guidance on how to avoid the major pitfalls in pricing electricity while the market is in transition by drawing upon the insights and lessons learned from the experience of others that are documented in this book.

Download or read book Electricity Market Designs for Demand Response from Residential Customers written by Ailin Asadinejad and published by . This book was released on 2017 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main purpose of this dissertation is to design an appropriate tariff program for residential customers that encourages customers to participate in the system while satisfying market operators and utilities goals. This research investigates three aspects critical for successful programs: tariff designs for DR, impact of renewable on such tariffs, and load elasticity estimates. First, both categories of DR are modeled based on the demand-price elasticity concept and used to design an optimum scheme for achieving the maximum benefit of DR. The objective is to not only reduce costs and improve reliability but also to increase customer acceptance of a DR program by limiting price volatility. A time of use (TOU) program is considered for a PB scheme designed using a monthly peak and off peak tariff. For the IBDR, a novel optimization is proposed that in addition to calculation of an adequate and a reasonable amount of load change for the incentive also finds the best times to request DR. Second, the effect of both DR programs under a high penetration of renewable resources is investigated. LMP variation after renewable expansion is more highly correlated with renewable's intermittent output than the load profile. As a result, a TOU program is difficult to successfully implement; however, analysis shows IBDR can diminish most of the volatile price changes in WECC. To model risk associated with renewable uncertainty, a robust optimization is designed considering market price and elasticity uncertainty. Third, a comprehensive study to estimate residential load elasticity in an IBDR program. A key component in all demand response programs design is elasticity, which implies customer reaction to LSEs offers. Due to limited information, PB elasticity is used in IBDR as well. Customer elasticity is calculated using data from two nationwide surveys and integrated with a detailed residential load model. In addition, IB elasticity is reported at the individual appliance level, which is more effective than one for the aggregate load of the feeder. Considering the importance of HVAC in the aggregate load signal, its elasticity is studied in greater detail and estimated for different customer groupings.

Download or read book Local Electricity Markets written by Tiago Pinto and published by Academic Press. This book was released on 2021-07-03 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. - Delineates key components shaping the design and implementation of local electricity market structure - Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion - Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors - Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities - Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation

Download or read book Demand Response in the United States written by Carina Reilly and published by Nova Science Pub Incorporated. This book was released on 2014-01-01 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2004, the federal government has made efforts to facilitate demand-response activities, including expanding their use in wholesale electricity markets. Among these efforts, the Federal Energy Regulatory Commission (FERC) issued regulatory orders affecting Regional Transmission Organizations (RTO)entities that operate the transmission system and administer wholesale markets in some parts of the country. For example, FERC issued orders approving RTO rules for quantifying the extent of demand-response activities and compensating consumers for their demand-response activities. This book provides an update since 2004 and discusses federal efforts to facilitate demand-response activities; FERC efforts to collect and report data on demand response activities; changes in the extent of demand-response activities; key benefits and challenges of current efforts.