Abstract
Integration of aggregated demand response into the wholesale electricity market is an emerging field of research. Contrary to conventional service providers, most of the demand side participants act voluntarily. However, due to wholesale market regulations, reliable and effective participation of huge numbers of customers is a vital task for aggregators. The existing retail programs aim to motivate customers to take part in events in return for static or individual performance-based incentives. These programs do not focus on engaging customers to act in a collaborative way and therefore have limited effectiveness. This study proposes a novel retail demand response program in which the incentives are dependent on the aggregated performance of participants. Considering the existing wholesale and retail market structures together with demand response aggregator responsibilities, an adaptable program is developed for more effective performance and indirect collaboration of customers. The contribution of the program is compared with a number of different DR programs adopting concepts from game theory.
Original language | English |
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Title of host publication | 2017 IEEE Manchester PowerTech, Powertech 2017 |
Publisher | Institute of Electrical and Electronics Engineers Inc. |
ISBN (Electronic) | 9781509042371 |
DOIs | |
Publication status | Published - 13 Jul 2017 |
Event | 2017 IEEE Manchester PowerTech, Powertech 2017 - Manchester, United Kingdom Duration: 18 Jun 2017 → 22 Jun 2017 |
Publication series
Name | 2017 IEEE Manchester PowerTech, Powertech 2017 |
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Conference
Conference | 2017 IEEE Manchester PowerTech, Powertech 2017 |
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Country/Territory | United Kingdom |
City | Manchester |
Period | 18/06/17 → 22/06/17 |
Bibliographical note
Publisher Copyright:© 2017 IEEE.
Funding
This research is funded as a part of “Grid Responsive Society through Building Automation Systems-GReSBAS” project supported under the framework of ERA-Net Smart Grids Plus by “The Scientific and Technological Research Council of Turkey (TUBITAK)” and “The Foundation of Science and Technology (FCT)”. VI. ACKNOWLEDGEMENT This research is funded as a part of “Grid Responsive Society through Building Automation Systems-GReSBAS” project supported under the framework of ERA-Net Smart Grids Plus by “The Scientific and Technological Research Council of Turkey (TUBITAK)” from Turkey and “The Foundation of Science and Technology (FCT)” from Portugal.
Funders | Funder number |
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Foundation of Science and Technology | |
TUBITAK | |
Türkiye Bilimsel ve Teknolojik Araştirma Kurumu |
Keywords
- Demand response
- Demand side aggregators
- Electricity markets
- Game theory
- Smart grids