Reliability implications of price responsive demand : a study of New England's power system
Thesis (S.M. in Technology and Policy)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2011.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2012
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| Online Access: | http://hdl.handle.net/1721.1/69481 |
| _version_ | 1826211287122575360 |
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| author | Whitaker, Andrew C. (Andrew Craig) |
| author2 | Ignacio Perez-Arriaga. |
| author_facet | Ignacio Perez-Arriaga. Whitaker, Andrew C. (Andrew Craig) |
| author_sort | Whitaker, Andrew C. (Andrew Craig) |
| collection | MIT |
| description | Thesis (S.M. in Technology and Policy)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2011. |
| first_indexed | 2024-09-23T15:03:31Z |
| format | Thesis |
| id | mit-1721.1/69481 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T15:03:31Z |
| publishDate | 2012 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/694812019-04-10T23:18:15Z Reliability implications of price responsive demand : a study of New England's power system Study of New England's power system Whitaker, Andrew C. (Andrew Craig) Ignacio Perez-Arriaga. Massachusetts Institute of Technology. Technology and Policy Program. Massachusetts Institute of Technology. Engineering Systems Division. Massachusetts Institute of Technology. Technology and Policy Program. Engineering Systems Division. Technology and Policy Program. Thesis (S.M. in Technology and Policy)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2011. Cataloged from PDF version of thesis. Includes bibliographical references (p. 85-88). With restructuring of the traditional, vertically integrated electricity industry come new opportunities for electricity demand to actively participate in electricity markets. Traditional definitions of power system reliability have carried over from the vertically integrated market structure, but this thinking will become increasingly problematic as the proportion of electricity demand responsive to market prices increases. Using New England as an example, this thesis highlights these difficulties by employing a Probabilistic Production Costing model modified to account for price responsive demand. A Neural Gas clustering algorithm is used to deal with the time-varying nature of price responsive demand. We show that neglecting to account for price responsive demand could result in underestimating system reliability by traditional measures, and discuss a possible new metric to help the transition to thinking of reliability as one aspect of whole market performance. by Andrew C. Whitaker. S.M.in Technology and Policy 2012-02-29T17:58:30Z 2012-02-29T17:58:30Z 2011 2011 Thesis http://hdl.handle.net/1721.1/69481 775595674 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 96 p. application/pdf n-usn-- Massachusetts Institute of Technology |
| spellingShingle | Engineering Systems Division. Technology and Policy Program. Whitaker, Andrew C. (Andrew Craig) Reliability implications of price responsive demand : a study of New England's power system |
| title | Reliability implications of price responsive demand : a study of New England's power system |
| title_full | Reliability implications of price responsive demand : a study of New England's power system |
| title_fullStr | Reliability implications of price responsive demand : a study of New England's power system |
| title_full_unstemmed | Reliability implications of price responsive demand : a study of New England's power system |
| title_short | Reliability implications of price responsive demand : a study of New England's power system |
| title_sort | reliability implications of price responsive demand a study of new england s power system |
| topic | Engineering Systems Division. Technology and Policy Program. |
| url | http://hdl.handle.net/1721.1/69481 |
| work_keys_str_mv | AT whitakerandrewcandrewcraig reliabilityimplicationsofpriceresponsivedemandastudyofnewenglandspowersystem AT whitakerandrewcandrewcraig studyofnewenglandspowersystem |