The impact of renewable energy resources on demand response management in a smart grid

Author

Zhang, Junwei ; Gursoy, M. Cenk

Author_Institution

Qualcomm CDMA Technol., San Diego, CA, USA

fYear

2012

fDate

17-20 June 2012

Firstpage

475

Lastpage

479

Abstract

In this paper, demand response management is studied in the presence of volatile renewable energy resources. The renewable energy production is modeled as a stochastic process. In this setting, consumer utility, cost of energy production, cost of energy shortfall due to the randomness in renewable energy generation are taken into account, and the maximization of the total social welfare over all possible renewable energy production levels and power consumption levels is pursued. The impact of the degree of uncertainty in renewable energy production on total welfare and the level of scheduled supplies is analyzed.

Keywords

demand side management; optimisation; renewable energy sources; smart power grids; stochastic processes; consumer utility; demand response management; maximization; power consumption levels; renewable energy generation; renewable energy production; renewable energy resources; smart grid; social welfare; stochastic process; Electricity; Load management; Power demand; Pricing; Production; Renewable energy resources; Smart grids;

fLanguage

English

Publisher

ieee

Conference_Titel

Signal Processing Advances in Wireless Communications (SPAWC), 2012 IEEE 13th International Workshop on

Conference_Location

Cesme

ISSN

1948-3244

Print_ISBN

978-1-4673-0970-7

Type

conf

DOI

10.1109/SPAWC.2012.6292953

Filename

6292953