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Effects of elasticity parameter definition for real-time pricing remuneration considering different user types
- Source :
- Energy Reports, Vol 6, Iss, Pp 127-132 (2020), Energy Reports
- Publication Year :
- 2020
- Publisher :
- Amsterdam: Elsevier, 2020.
-
Abstract
- In the last decade Demand Response (DR) programs have been influencing loads’ profiles of electric users who participate in these programs. The evolution of the simulations able to study them brought to the possibility of defining new models that can consider power consumption profiles for different types of user (MAT, AT, MT, BTE, BTN-2, BTN-1) but, in order to better match consumption and production energy curves, highly precise predictions of loads’ profiles are still needed. This goal can be achieved also thanks to the study of the price elasticity factor. A way to obtain it will be examined in this paper: price and power absorption variations will be considered because it is defined as the ratio of their relative variations before and after DR. This work focuses on the profiles of price variations ΔP with respect to the absorbed power variation ΔQ: users indeed are expected to vary their consumptions according to different values of remunerations. Moreover, different ranges of elasticities have been evaluated in order to study the behavior of ΔP profiles for the more representing users. Finally, effects of a wrong interpolation have been discussed in order to see their consequences on the actual available power. Keywords: Demand response, Elasticity definition, Power profiles interpolations
- Subjects :
- Price elasticity of demand
Demand response
Real time pricing
Elasticity definition
020209 energy
02 engineering and technology
General Energy
Power profiles interpolations
020401 chemical engineering
Power consumption
Absorbed power
0202 electrical engineering, electronic engineering, information engineering
Remuneration
Econometrics
ddc:330
Power absorption
lcsh:Electrical engineering. Electronics. Nuclear engineering
0204 chemical engineering
Elasticity (economics)
lcsh:TK1-9971
Mathematics
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Journal :
- Energy Reports, Vol 6, Iss, Pp 127-132 (2020), Energy Reports
- Accession number :
- edsair.doi.dedup.....59f01f95921febcf01f5cb93fff52136