A Dynamic Market Mechanism for Markets with Shiftable Demand Response

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• 作者：Jacob Hansen^* ; ^{jhans09@student.aau.dk" class="auth_mail" title="E-mail the corresponding author} ; Jesper Knudsen^* ; ^{jknuds09@student.aau.dk" class="auth_mail" title="E-mail the corresponding author} ; Arman Kiani^** ; ^{arman.kiani@aeso.ca" class="auth_mail" title="E-mail the corresponding author} ; Anuradha Annaswamy^*** ; ^{aanna@mit.edu" class="auth_mail" title="E-mail the corresponding author} ; Jakob Stoustrup^* ; ^{jakob@es.aau.dk" class="auth_mail" title="E-mail the corresponding author}
• 关键词：Smart grids ; Power systems stability ; Demand Response ; Shiftable demand ; Electricity market ; Day Ahead Market
• 刊名：IFAC-PapersOnLine
• 出版年：2014
• 出版时间：2014
• 年：2014
• 卷：47
• 期：3
• 页码：1873-1878
• 全文大小：354 K

文摘

In this paper, we propose a dynamic market mechanism that converges to the desired market equilibrium. Both locational marginal prices and the schedules for generation and consumption are determined through a negotiation process between the key market players. In addition to incorporating renewables, this mechanism accommodates both consumers with a shiftable Demand Response and an adjustable Demand Response. The overall market mechanism is evaluated in a Day Ahead Market and is shown in a numerical example to result in a reduction of the cost of electricity for the consumer, as well as an increase in the Social Welfare.