A novel incentive-based retail demand response program for collaborative participation of small customers

M. A. Zehir*, M. H. Wevers, A. Batman, M. Bagriyanik, J. L. Hurink, U. Kucuk, F. J. Soares, A. Ozdemir

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

8 Citations (Scopus)

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 languageEnglish
Title of host publication2017 IEEE Manchester PowerTech, Powertech 2017
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781509042371
DOIs
Publication statusPublished - 13 Jul 2017
Event2017 IEEE Manchester PowerTech, Powertech 2017 - Manchester, United Kingdom
Duration: 18 Jun 201722 Jun 2017

Publication series

Name2017 IEEE Manchester PowerTech, Powertech 2017

Conference

Conference2017 IEEE Manchester PowerTech, Powertech 2017
Country/TerritoryUnited Kingdom
CityManchester
Period18/06/1722/06/17

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.

FundersFunder number
Foundation of Science and Technology
TUBITAK
Türkiye Bilimsel ve Teknolojik Araştirma Kurumu

    Keywords

    • Demand response
    • Demand side aggregators
    • Electricity markets
    • Game theory
    • Smart grids

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