Minimization of Network Losses With Financial Incentives in Voluntary Demand Response
This paper delivers a customer voluntary demand response (CVDR) program to help the load serving entity (LSE) curtail peak demand and cutoff carbon emission. LSE provides financial incentives to customers who are willing to curtail energy consumption during peak demand hours. A bilevel problem is pr...
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| Format: | Article |
| Language: | English |
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IEEE
2018-01-01
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| Series: | IEEE Access |
| Subjects: | |
| Online Access: | https://ieeexplore.ieee.org/document/8268110/ |
| _version_ | 1818853778674155520 |
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| author | Jun Wang Qi Huang |
| author_facet | Jun Wang Qi Huang |
| author_sort | Jun Wang |
| collection | DOAJ |
| description | This paper delivers a customer voluntary demand response (CVDR) program to help the load serving entity (LSE) curtail peak demand and cutoff carbon emission. LSE provides financial incentives to customers who are willing to curtail energy consumption during peak demand hours. A bilevel problem is proposed to determine the optimal power curtailment and financial incentives to achieve equivalent minimal cost for LSE and maximal utility function for customers simultaneously. The effects of the CVDR program are examined with two benchmark radial systems: 3-bus and the IEEE 8500-Node networks. All simulations are carried out with General Algebraic Modeling System and MATLAB. Numerical studies unveil that CVDR enhances customer’s willingness in demand response program and achieve economic savings and peak shaving for LSE. |
| first_indexed | 2024-12-19T07:42:14Z |
| format | Article |
| id | doaj.art-05ccb681100b4cedb8a685f2f334b5d5 |
| institution | Directory Open Access Journal |
| issn | 2169-3536 |
| language | English |
| last_indexed | 2024-12-19T07:42:14Z |
| publishDate | 2018-01-01 |
| publisher | IEEE |
| record_format | Article |
| series | IEEE Access |
| spelling | doaj.art-05ccb681100b4cedb8a685f2f334b5d52022-12-21T20:30:25ZengIEEEIEEE Access2169-35362018-01-016165151652210.1109/ACCESS.2018.27972728268110Minimization of Network Losses With Financial Incentives in Voluntary Demand ResponseJun Wang0https://orcid.org/0000-0002-3057-9047Qi Huang1Power System Wide Area Measurement and Control of the Key Laboratory of Sichuan Province, School of Mechanical and Electrical Engineering, University of Electronic Science and Technology of China, Chengdu, ChinaPower System Wide Area Measurement and Control of the Key Laboratory of Sichuan Province, School of Mechanical and Electrical Engineering, University of Electronic Science and Technology of China, Chengdu, ChinaThis paper delivers a customer voluntary demand response (CVDR) program to help the load serving entity (LSE) curtail peak demand and cutoff carbon emission. LSE provides financial incentives to customers who are willing to curtail energy consumption during peak demand hours. A bilevel problem is proposed to determine the optimal power curtailment and financial incentives to achieve equivalent minimal cost for LSE and maximal utility function for customers simultaneously. The effects of the CVDR program are examined with two benchmark radial systems: 3-bus and the IEEE 8500-Node networks. All simulations are carried out with General Algebraic Modeling System and MATLAB. Numerical studies unveil that CVDR enhances customer’s willingness in demand response program and achieve economic savings and peak shaving for LSE.https://ieeexplore.ieee.org/document/8268110/Customer voluntary demand response (CVDR)financial incentivesnetwork losses (NLs)willingness |
| spellingShingle | Jun Wang Qi Huang Minimization of Network Losses With Financial Incentives in Voluntary Demand Response IEEE Access Customer voluntary demand response (CVDR) financial incentives network losses (NLs) willingness |
| title | Minimization of Network Losses With Financial Incentives in Voluntary Demand Response |
| title_full | Minimization of Network Losses With Financial Incentives in Voluntary Demand Response |
| title_fullStr | Minimization of Network Losses With Financial Incentives in Voluntary Demand Response |
| title_full_unstemmed | Minimization of Network Losses With Financial Incentives in Voluntary Demand Response |
| title_short | Minimization of Network Losses With Financial Incentives in Voluntary Demand Response |
| title_sort | minimization of network losses with financial incentives in voluntary demand response |
| topic | Customer voluntary demand response (CVDR) financial incentives network losses (NLs) willingness |
| url | https://ieeexplore.ieee.org/document/8268110/ |
| work_keys_str_mv | AT junwang minimizationofnetworklosseswithfinancialincentivesinvoluntarydemandresponse AT qihuang minimizationofnetworklosseswithfinancialincentivesinvoluntarydemandresponse |