Residential demand management using individualised demand aware price policies

Show simple item record Hayes, Barry P. Melatti, Igor Mancini, Toni Prodanovic, Milan Tronci, Enrico 2019-07-04T15:33:14Z 2019-07-04T15:33:14Z 2016-08-01
dc.identifier.citation Hayes, B., Melatti, I., Mancini, T., Prodanovic, M. and Tronci, E. (2017) 'Residential Demand Management Using Individualized Demand Aware Price Policies', IEEE Transactions on Smart Grid, 8(3), pp. 1284-1294. doi: 10.1109/TSG.2016.2596790 en
dc.identifier.volume 8 en
dc.identifier.issued 3 en
dc.identifier.startpage 1284 en
dc.identifier.endpage 1294 en
dc.identifier.issn 1949-3053
dc.identifier.doi 10.1109/TSG.2016.2596790 en
dc.description.abstract This paper presents a novel approach to demand side management (DSM), using an “individualized” price policy, where each end user receives a separate electricity pricing scheme designed to incentivize demand management in order to optimally manage flexible demands. These pricing schemes have the objective of reducing the peaks in overall system demand in such a way that the average electricity price each individual user receives is non-discriminatory. It is shown in this paper that this approach has a number of advantages and benefits compared to traditional DSM approaches. The “demand aware price policy” approach outlined in this paper exploits the knowledge, or demand-awareness, obtained from advanced metering infrastructure. The presented analysis includes a detailed case study of an existing European distribution network where DSM trial data was available from the residential end-users. en
dc.description.sponsorship Ministerio de Economía, Industria y Competitividad, Gobierno de España (Spanish Ministry of Economy and Competitiveness Project RESmart under Grant ENE2013-48690-C2-2-R.) en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher Institute of Electrical and Electronics Engineers (IEEE) en
dc.rights © 2017 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. en
dc.subject Demand side management en
dc.subject Load management en
dc.subject Power demand en
dc.subject Electricity price policy en
dc.subject Demand flexibility en
dc.subject Smart meters en
dc.subject Pricing en
dc.subject Substations en
dc.subject Power demand en
dc.subject Load flow control en
dc.subject Electric potential en
dc.subject Economics en
dc.subject Real-time systems en
dc.title Residential demand management using individualised demand aware price policies en
dc.type Article (peer-reviewed) en
dc.internal.authorcontactother Barry Hayes, Electrical & Electronic Engineering, University College Cork, Cork, Ireland. +353-21-490-3000 Email: en
dc.internal.availability Full text available en 2019-07-03T09:32:29Z
dc.description.version Accepted Version en
dc.internal.rssid 489841118
dc.contributor.funder Seventh Framework Programme en
dc.contributor.funder Ministerio de Economía, Industria y Competitividad, Gobierno de España en
dc.description.status Peer reviewed en
dc.identifier.journaltitle IEEE Transactions on Smart Grid en
dc.internal.copyrightchecked Yes
dc.internal.licenseacceptance Yes en
dc.internal.IRISemailaddress en
dc.relation.project info:eu-repo/grantAgreement/EC/FP7::SP1::ICT/317761/EU/Energy Demand Aware Open Services for Smart Grid Intelligent Automation/SMARTHG en
dc.identifier.eissn 1949-3061

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