2016
DOI: 10.1109/tsg.2015.2480841
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Data-Driven Targeting of Customers for Demand Response

Abstract: Selecting customers for demand response programs is challenging and existing methodologies are hard to scale and poor in performance. The existing methods were limited by lack of temporal consumption information at the individual customer level. We propose a scalable methodology for demand response targeting utilizing novel data available from smart meters. The approach relies on formulating the problem as a stochastic integer program involving predicted customer responses. A novel approximation is developed a… Show more

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Cited by 68 publications
(32 citation statements)
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“…Valero et al propose the capability of self‐organizing maps to classify customers, and their response potential, in day‐ahead or real‐time products, using distributor, energy trader, or customer electrical demand database was analyzed, focusing on customer targeting. Kwac and Rajagopal propose that the use of large‐scale data from smart meters for customer targeting was analyzed and tested experimentally with data from more than 58 000 residential households. The targeting problem is formulated as a knapsack problem, composed by a simple linear response modeling and a fast heuristic selection algorithm.…”
Section: A Brief Overview Of Price‐based Demand Response Techniquesmentioning
confidence: 99%
See 2 more Smart Citations
“…Valero et al propose the capability of self‐organizing maps to classify customers, and their response potential, in day‐ahead or real‐time products, using distributor, energy trader, or customer electrical demand database was analyzed, focusing on customer targeting. Kwac and Rajagopal propose that the use of large‐scale data from smart meters for customer targeting was analyzed and tested experimentally with data from more than 58 000 residential households. The targeting problem is formulated as a knapsack problem, composed by a simple linear response modeling and a fast heuristic selection algorithm.…”
Section: A Brief Overview Of Price‐based Demand Response Techniquesmentioning
confidence: 99%
“…The multiplier indexes w 1 , w 2 , and w 3 perform the weighting between the goals. In (13), the first term is aimed to meet the electrical load shifting goals, in other words, the objective of the DR program (active power flow reduction on the head of the distribution feeder, ie, the output from power substation, on critical periods). The second term represents the monthly revenue variation estimated for the power utility with the application of the DR program.…”
Section: Bus-based Approachmentioning
confidence: 99%
See 1 more Smart Citation
“…Peak load pricing (PLP)- [61,62] Variable price Fixed price- [26] Time of Use (TOU)- [26,[57][58][59][60] Flat pricing- [35,57] Ancillary service- [56] Capacity market- [28] Emergency binding- [28] Demand binding- [28] Interruptible load- [55] Direct load control (DLC)- [48][49][50][51][52][53][54] …”
Section: Customer Participationmentioning
confidence: 99%
“…In terms of non-regulated services or third-party services, several works in the literature describe data-driven services and business cases to boost demand response potential and promote energy efficiency. Smart meter data can be used by a third-party for segmentation of customers and identification of temporal consumption patterns [10], predicting customer response to price signals [17], estimating the price elasticity of customers [13] and derive optimal bidding strategies under dynamic electricity tariffs [27]. In fact, total energy consumption at the residential level is enough to derive a ranking of thermal-load flexibility and sub-metering is not required [2].…”
Section: Introductionmentioning
confidence: 99%