An Incentive-Based Implementation of Demand Side Management in Power Systems
The growing demand for electricity runs counter to European-level goals, which include activities aimed at sustainable development and environmental protection. In this context, efficient consumption of electricity attracts much research interest nowadays. One environment friendly solution to meet i...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-11-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/14/23/7994 |
| _version_ | 1797507872574144512 |
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| author | Vasileios M. Laitsos Dimitrios Bargiotas Aspassia Daskalopulu Athanasios Ioannis Arvanitidis Lefteri H. Tsoukalas |
| author_facet | Vasileios M. Laitsos Dimitrios Bargiotas Aspassia Daskalopulu Athanasios Ioannis Arvanitidis Lefteri H. Tsoukalas |
| author_sort | Vasileios M. Laitsos |
| collection | DOAJ |
| description | The growing demand for electricity runs counter to European-level goals, which include activities aimed at sustainable development and environmental protection. In this context, efficient consumption of electricity attracts much research interest nowadays. One environment friendly solution to meet increased demand lies in the deployment of Renewable Energy Sources (RES) in the network and in mobilizing the active participation of consumers in reducing the peak of demand, thus smoothing the overall load curve. This paper addresses the issue of efficient and economical use of electricity from the Demand Side Management (DSM) perspective and presents an implementation of a fully-parameterized and explicitly constrained incentive-based demand response program The program uses the Particle Swarm Optimization algorithm and demonstrates the potential advantages of integrating RES while supporting two-way communication between energy production and consumption and two-way power exchange between the main grid and the RES. |
| first_indexed | 2024-03-10T04:54:37Z |
| format | Article |
| id | doaj.art-b9c42c54968e481ba7c08f62436b6ac3 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T04:54:37Z |
| publishDate | 2021-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-b9c42c54968e481ba7c08f62436b6ac32023-11-23T02:21:03ZengMDPI AGEnergies1996-10732021-11-011423799410.3390/en14237994An Incentive-Based Implementation of Demand Side Management in Power SystemsVasileios M. Laitsos0Dimitrios Bargiotas1Aspassia Daskalopulu2Athanasios Ioannis Arvanitidis3Lefteri H. Tsoukalas4Department of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, GreeceDepartment of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, GreeceDepartment of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, GreeceDepartment of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, GreeceSchool of Nuclear Engineering, Purdue University, West Lafayette, IN 47907, USAThe growing demand for electricity runs counter to European-level goals, which include activities aimed at sustainable development and environmental protection. In this context, efficient consumption of electricity attracts much research interest nowadays. One environment friendly solution to meet increased demand lies in the deployment of Renewable Energy Sources (RES) in the network and in mobilizing the active participation of consumers in reducing the peak of demand, thus smoothing the overall load curve. This paper addresses the issue of efficient and economical use of electricity from the Demand Side Management (DSM) perspective and presents an implementation of a fully-parameterized and explicitly constrained incentive-based demand response program The program uses the Particle Swarm Optimization algorithm and demonstrates the potential advantages of integrating RES while supporting two-way communication between energy production and consumption and two-way power exchange between the main grid and the RES.https://www.mdpi.com/1996-1073/14/23/7994demand side managementDemand Responsesmart grid energy systemparticle swarm optimizationenergy efficiency |
| spellingShingle | Vasileios M. Laitsos Dimitrios Bargiotas Aspassia Daskalopulu Athanasios Ioannis Arvanitidis Lefteri H. Tsoukalas An Incentive-Based Implementation of Demand Side Management in Power Systems Energies demand side management Demand Response smart grid energy system particle swarm optimization energy efficiency |
| title | An Incentive-Based Implementation of Demand Side Management in Power Systems |
| title_full | An Incentive-Based Implementation of Demand Side Management in Power Systems |
| title_fullStr | An Incentive-Based Implementation of Demand Side Management in Power Systems |
| title_full_unstemmed | An Incentive-Based Implementation of Demand Side Management in Power Systems |
| title_short | An Incentive-Based Implementation of Demand Side Management in Power Systems |
| title_sort | incentive based implementation of demand side management in power systems |
| topic | demand side management Demand Response smart grid energy system particle swarm optimization energy efficiency |
| url | https://www.mdpi.com/1996-1073/14/23/7994 |
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