Residential demand management using individualised demand aware price policies

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dc.contributor.authorHayes, Barry P.
dc.contributor.authorMelatti, Igor
dc.contributor.authorMancini, Toni
dc.contributor.authorProdanovic, Milan
dc.contributor.authorTronci, Enrico
dc.contributor.funderSeventh Framework Programmeen
dc.contributor.funderMinisterio de Economía, Industria y Competitividad, Gobierno de Españaen
dc.date.accessioned2019-07-04T15:33:14Z
dc.date.available2019-07-04T15:33:14Z
dc.date.issued2016-08-01
dc.date.updated2019-07-03T09:32:29Z
dc.description.abstractThis 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.sponsorshipMinisterio 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.description.statusPeer revieweden
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationHayes, 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.2016.2596790en
dc.identifier.doi10.1109/TSG.2016.2596790en
dc.identifier.eissn1949-3061
dc.identifier.endpage1294en
dc.identifier.issn1949-3053
dc.identifier.issued3en
dc.identifier.journaltitleIEEE Transactions on Smart Griden
dc.identifier.startpage1284en
dc.identifier.urihttps://hdl.handle.net/10468/8116
dc.identifier.volume8en
dc.language.isoenen
dc.publisherInstitute of Electrical and Electronics Engineers (IEEE)en
dc.relation.projectinfo:eu-repo/grantAgreement/EC/FP7::SP1::ICT/317761/EU/Energy Demand Aware Open Services for Smart Grid Intelligent Automation/SMARTHGen
dc.relation.urihttps://ieeexplore.ieee.org/document/7527651
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.subjectDemand side managementen
dc.subjectLoad managementen
dc.subjectPower demanden
dc.subjectElectricity price policyen
dc.subjectDemand flexibilityen
dc.subjectSmart metersen
dc.subjectPricingen
dc.subjectSubstationsen
dc.subjectPower demanden
dc.subjectLoad flow controlen
dc.subjectElectric potentialen
dc.subjectEconomicsen
dc.subjectReal-time systemsen
dc.titleResidential demand management using individualised demand aware price policiesen
dc.typeArticle (peer-reviewed)en
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