DocumentCode
1181422
Title
Optimal demand-side response to electricity spot prices for storage-type customers
Author
Daryanian, B. ; Bohn, R.E. ; Tabors, R.D.
Author_Institution
MIT, Cambridge, MA, USA
Volume
4
Issue
3
fYear
1989
fDate
8/1/1989 12:00:00 AM
Firstpage
897
Lastpage
903
Abstract
The customer response to spot prices is discussed. The factors that allow flexible customer response without service curtailments are identified. An overview of a fast, optimal, nonsimplex algorithm applicable to single storage electricity consuming processes is presented. A case study involving an air compression company demonstrates the application of the algorithm and shows the economic effects of industrial customer response to the spot pricing of electricity
Keywords
electricity supply industry; tariffs; algorithm; customers; demand-side response; economics; electricity spot prices; tariffs; Costs; Energy consumption; Energy management; Fuel economy; IEEE members; Industrial economics; Load management; Power generation economics; Pricing; Technology management;
fLanguage
English
Journal_Title
Power Systems, IEEE Transactions on
Publisher
ieee
ISSN
0885-8950
Type
jour
DOI
10.1109/59.32577
Filename
32577
Link To Document