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
fDate :
8/1/1989 12:00:00 AM
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;
Journal_Title :
Power Systems, IEEE Transactions on
