Title :
Economic Benefit Analysis of Incentive-Based Demand Response
Author :
Liao Ying-chen ; Chen Lu ; Chen Xing-ying
Author_Institution :
Coll. of Energy & Electr. Eng., Hohai Univ., Nanjing, China
Abstract :
Demand Response (DR) plays an important role in shifting peak load, reducing energy consumption and so on, while Demand Response involves multi-party interests (power companies, users, etc.), so economic benefits of Demand Response and its distribution is very important for all the parties. On the basis of optimal spot pricing with Primal-dual interior point algorithm, the distribution pricing model considering Demand Response was formed, and the role of demand response and its benefit are analyzed.
Keywords :
cost-benefit analysis; electricity supply industry; load forecasting; pricing; distribution pricing model; economic benefit analysis; incentive based demand response; optimal spot pricing; primal dual interior point algorithm; Biological system modeling; Economics; Electricity; Load management; Power demand; Pricing;
Conference_Titel :
E-Product E-Service and E-Entertainment (ICEEE), 2010 International Conference on
Conference_Location :
Henan
Print_ISBN :
978-1-4244-7159-1
DOI :
10.1109/ICEEE.2010.5660694
