Multi-stage Coupon Incentive-based Demand Response In Two-settlement Electricity Markets Conference Paper

abstract

• 2015 IEEE. This paper extends our recent work and proposes a multi-stage coupon incentive-based demand response (M-CIDR) in two-settlement electricity markets. In contrast to the realtime pricing (RTP) or critical peak pricing (CPP) demand response programs, M-CIDR continues to offer a flat rate to retail customers and additional voluntary incentives to induce demand response. Compared with single-stage CIDR, a unit commitment model is employed so that the inter-temporal constraints can be considered conveniently. Theoretical analysis shows the benefits of the proposed scheme in two-settlement electricity markets. And numerical illustration is performed in the IEEE 30 bus system. The results show that during the periods with price spikes, the proposed M-CIDR can effectively induce demand response, reduce market clearing prices, obtain a social welfare which is close to that in the RTP scheme.

name of conference

• 2015 IEEE Power & Energy Society Innovative Smart Grid Technologies Conference (ISGT)

authors

• Xie, Le

published proceedings

• 2015 IEEE POWER & ENERGY SOCIETY INNOVATIVE SMART GRID TECHNOLOGIES CONFERENCE (ISGT)

author list (cited authors)

• Zhong, H., Xie, L. e., Xia, Q., Kang, C., & Rahman, S.

citation count

• 13

complete list of authors

• Zhong, Haiwang||Xie, Le||Xia, Qing||Kang, Chongqing||Rahman, Saifur

publication date

• February 2015

publisher

• Institute of Electrical and Electronics Engineers (IEEE)  Publisher

keywords

• Electricity Markets
• Multi-stage Coupon Incentive-based Demand Response (m-cidr)
• Real-time Price (rtp)
• Smart Grid Communication
• Two-settlement System

Digital Object Identifier (DOI)

• 10.1109/isgt.2015.7131795

International Standard Book Number (ISBN) 13

• 9781479917853

start page

• 1

end page

• 5