Title :
Nonparametric Demand Forecasting and Detection of Energy Aware Consumers
Author :
Hoiles, William ; Krishnamurthy, Vikram
Author_Institution :
Dept. of Electr. & Comput. Eng., Univ. of British Columbia, Vancouver, BC, Canada
Abstract :
To increase the reliability of the power grid and reduce the risk of power supply failure, demand-side management (DSM) is of central importance. In this paper, a nonparametric test is applied to detect if the demand behavior of consumers is consistent with time-of-day electricity tariff initiatives. The test is based on Afriat´s theorem in economics and has the unique feature that it provides necessary and sufficient conditions to detect if the price-demand behavior is consistent with utility maximization (i.e., the test detects demand-responsive consumers) without prior knowledge of the consumer´s utility function. For consumers that are responsive to time-of-day pricing initiatives, a nonparametric learning algorithm is used to forecast power demands for unobserved electricity tariffs. The nonparametric learning algorithm can be used in anticipatory control structures in a DSM framework to achieve power usage objectives. Real-world data from Ontario´s power system and numerical examples illustrate the accuracy of the nonparametric test and nonparametric learning algorithm for forecasting consumer demand.
Keywords :
demand forecasting; demand side management; power grids; tariffs; demand-side management; energy aware consumers; nonparametric demand forecasting; nonparametric learning algorithm; power demands; power grid reliability; power supply failure; time-of-day electricity tariff initiatives; Demand forecasting; Electricity; Power demand; Prediction algorithms; Pricing; Substations; Afriat's theorem; Afriat???s theorem; artificial neural network (ANN); artificial neural {network (ANN)}; demand-side management (DSM); revealed preferences; smart grid; utility maximization;
Journal_Title :
Smart Grid, IEEE Transactions on
DOI :
10.1109/TSG.2014.2376291