Abstract
Aggregators are considered essential to extend demand response (DR) to small residential and service sector consumers. Both sectors currently have untapped load flexibility, which is considered key to support renewable resource integration. Aggregators can offer this flexibility in bulk to other power system parties. This paper addresses the question under which conditions DR can be profitable for both aggregators and end-consumers. The paper builds further on existing research that shows end-consumer preference for flat-rate tariffs. The aim is to find the range of flat-rate retail prices for different photovoltaic (PV) feed-in-Tariffs which make DR profitable for both aggregator and end-consumers. For this purpose, an optimisation model which minimises costs through load scheduling is presented. The model is applied using two approaches: optimising from aggregator's and from end-consumers' perspective. The results show that only the aggregator's perspective yields a range of flat-rate retail prices that are profitable for both actors. However, both the price range and the expected profits of DR are small.
Original language | English |
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Title of host publication | Proceedings - 2018 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2018 |
Editors | Mladen Kezunovic, Meliha Selak |
Publisher | Institute of Electrical and Electronics Engineers (IEEE) |
Number of pages | 6 |
ISBN (Electronic) | 978-1-5386-4505-5 |
DOIs | |
Publication status | Published - 2018 |
Event | IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2018 - Sarajevo, Bosnia and Herzegovina Duration: 21 Oct 2018 → 25 Oct 2018 |
Conference
Conference | IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2018 |
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Country/Territory | Bosnia and Herzegovina |
City | Sarajevo |
Period | 21/10/18 → 25/10/18 |
Bibliographical note
Accepted Author ManuscriptKeywords
- Aggregator
- demand response
- optimisation
- pricing
- renewable generation