DocumentCode
2855252
Title
Two Market Models for Demand Response in Power Networks
Author
Chen, Lijun ; Li, Na ; Low, Steven H. ; Doyle, John C.
Author_Institution
Eng. & Appl. Sci. Div., California Inst. of Technol., Pasadena, CA, USA
fYear
2010
fDate
4-6 Oct. 2010
Firstpage
397
Lastpage
402
Abstract
In this paper, we consider two abstract market models for designing demand response to match power supply and shape power demand, respectively. We characterize the resulting equilibria in competitive as well as oligopolistic markets, and propose distributed demand response algorithms to achieve the equilibria. The models serve as a starting point to include the appliance-level details and constraints for designing practical demand response schemes for smart power grids.
Keywords
demand side management; load forecasting; oligopoly; power markets; power system economics; smart power grids; distributed demand response algorithms; oligopolistic markets; power market; power networks; power supply demand; smart power grids; Companies; Electricity; Equations; Games; Load management; Nash equilibrium; Optimization;
fLanguage
English
Publisher
ieee
Conference_Titel
Smart Grid Communications (SmartGridComm), 2010 First IEEE International Conference on
Conference_Location
Gaithersburg, MD
Print_ISBN
978-1-4244-6510-1
Type
conf
DOI
10.1109/SMARTGRID.2010.5622076
Filename
5622076
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