• DocumentCode
    725588
  • Title

    An algorithm for simulating end-user behaviour in a real time pricing market

  • Author

    Pecoraro, Gabriele ; Favuzza, Salvatore ; Ippolito, Mariano Giuseppe ; Galioto, Giovanni ; Massaro, Fabio ; Sanseverino, Eleonora Riva ; Zizzo, Gaetano

  • Author_Institution
    DEIM, Univ. of Palermo, Palermo, Italy
  • fYear
    2015
  • fDate
    10-13 June 2015
  • Firstpage
    198
  • Lastpage
    201
  • Abstract
    The energy market has changed radically over the last decade, mainly due to an increased penetration of renewable energies. Now the end users have directly access to the energy market and can actively take part to the electricity market. Electricity customers can indeed modify their behavior through Demand Response, namely by means of pricing strategies that support a change in the end-users habits. This can be accomplished through a “loads aggregator”, a third party that collects the requests and signals for Active Demand-based services coming from the markets and the different actors of energy market. This paper describes a simulation framework to generate the simulated optimal behavior of the electrical users. Based on a given real-time pricing curves the simulator evaluates the power consumption hour by hour if the user behaves according to what the price curve and thus the loads aggregator suggests. A case study shows the advantages/disadvantages of the proposed pricing approach and the limits of the simulator.
  • Keywords
    demand side management; power consumption; power markets; power system simulation; pricing; active demand-based services; demand response; electrical users; electricity customers; electricity market; end-users habits; energy market; loads aggregator; power consumption; pricing strategies; real-time pricing curves; renewable energies; simulation framework; Economics; Load management; Load modeling; Power systems; Pricing; Real-time systems; Water heating; Demand Response; Real-time pricing; case study; loads aggregation; simulation;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Environment and Electrical Engineering (EEEIC), 2015 IEEE 15th International Conference on
  • Conference_Location
    Rome
  • Print_ISBN
    978-1-4799-7992-9
  • Type

    conf

  • DOI
    10.1109/EEEIC.2015.7165540
  • Filename
    7165540