DocumentCode
2373532
Title
The role of correlated prices in demand response: A robust optimization approach
Author
Ferreira, R.S. ; Barroso, L.-A. ; Carvalho, M.M. ; Kelman, R. ; Lino, P.R. ; Valenzuela, P.
Author_Institution
PSR, Rio de Janeiro, Brazil
fYear
2011
fDate
19-21 Oct. 2011
Firstpage
1
Lastpage
7
Abstract
The use of robust optimization techniques for scheduling consumption in a demand response context is analyzed in this paper, with aid of results from a particular case study, in which energy prices of different time periods are highly correlated. Results indicate that it is of great importance to employ a solution approach that correctly models the correlation among prices of different periods over which consumption is to be scheduled. One such approach is proposed and investigated in this paper, with positive results.
Keywords
optimisation; power markets; pricing; scheduling; correlated prices; demand response; energy prices; robust optimization; Correlation; Data models; Electricity; Energy consumption; Load management; Optimization; Robustness; Demand response; correlated price data; principal component analysis; robust optimization;
fLanguage
English
Publisher
ieee
Conference_Titel
Innovative Smart Grid Technologies (ISGT Latin America), 2011 IEEE PES Conference on
Conference_Location
Medellin
Print_ISBN
978-1-4577-1802-1
Type
conf
DOI
10.1109/ISGT-LA.2011.6083191
Filename
6083191
Link To Document