Incentives and targeting policies for automated demand response contracts

Minou, Marilena; Stamoulis, George D.; Thanos, George; Chandan, Vikas

doi:10.1109/smartgridcomm.2015.7436359

Cited by 10 publications

(7 citation statements)

References 9 publications

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“…DR provides the ability to reduce the use of peak load generation, electricity cost, and to improve system reliability [9]. DR programs aim to incentivize changes in the electricity consumption patterns in response to the varying electricity prices or incentivize payments to lower electricity consumption at times with high market prices [10].…”

Section: Research Backgroundmentioning

confidence: 99%

Agent-based Decision Making for Adoption of Smart Energy Solutions

Christensen

Verbak

et al. 2019

2019 IEEE Sciences and Humanities International Research Conference (SHIRCON)

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Agent-based simulation of the decision-making process for adoption of smart energy solutions can provide evidence for smart energy solutions' providers to decide for a business strategy which results in the best adoption rate. The adoption rate of smart energy solutions is important in achieving climate goals, such as the Danish goal to have 100% renewable electricity production by 2030. This paper shows how agent-based simulation can be used to investigate the decision-making process for adoption of smart energy solutions. The study investigates a case about Danish commercial greenhouse growers' adoption of a demand response program. The simulation outputs an adoption curve and grower information. The results provide the maximum monetary cost for achieving an adoption rate of 50% in 5 years.

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Section: Research Backgroundmentioning

confidence: 99%

Agent-based Decision Making for Adoption of Smart Energy Solutions

Christensen

Verbak

et al. 2019

2019 IEEE Sciences and Humanities International Research Conference (SHIRCON)

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“…It is a shift of electricity usage in response to price signals or certain requests [7]. DR reduces peak load, electricity cost, and improves system reliability [8]. Electricity consumers can participate in energy-load balance through DR [9].…”

Section: Demand Response (Dr)mentioning

confidence: 99%

Aggregation Potentials for Buildings—Business Models of Demand Response and Virtual Power Plants

Billanes

Jôrgensen

2017

Energies

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Buildings as prosumers have an important role in the energy aggregation market due to their potential flexible energy consumption and distributed energy resources. However, energy flexibility provided by buildings can be very complex and depend on many factors. The immaturity of the current aggregation market with unclear incentives is still a challenge for buildings to participate in the aggregation market. However, few studies have investigated business models for building participation in the aggregation market. Therefore, this paper develops four business models for buildings to participate in the energy aggregation market: (1) buildings participate in the implicit Demand Response (DR) program via retailers; (2) buildings with small energy consumption participate in the explicit DR via aggregators; (3) buildings directly access the explicit DR program; (4) buildings access energy market via Virtual Power Plant (VPP) aggregators by providing Distributed Energy Resources (DER)s. This paper also determines that it is essential to understand building owners' needs, comforts, and behaviours to develop feasible market access strategies for different types of buildings. Meanwhile, the incentive programs, national regulations and energy market structures strongly influence buildings' participation in the aggregation market. Under the current Nordic market regulation, business model one is the most feasible one, and business model two faces more challenges due to regulation barriers and limited monetary incentives.

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“…The success of energy flexibility and efficiency depends on the level of consumers" participation [31].…”

Section: External Factors Affecting Consumers' Adoption Of the Energymentioning

confidence: 99%

“…Therefore, in some countries, government and utilities (e.g. grid operators, suppliers and aggregators) provide incentives to consumers to participate in the energy flexibility programs [23,27,31]. For example, a governmental subsidy can encourage building owners to install DERs (e.g.…”

Section: External Factors Affecting Consumers' Adoption Of the Energymentioning

confidence: 99%

Consumer Central Energy Flexibility in Office Buildings

Billanes¹,

Ma²,

Jôrgensen³

2017

JEPE

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Energy flexibility in buildings will play an important role in the smart energy system. Office buildings have more potentials to provide energy flexibility to the grid compared to other types of buildings, due to the existing building management, control systems and large energy consumption. Consumers in office buildings (building owners/managers and occupants) take a main role for adopting and engaging in building energy flexibility. This paper provides a systematic review of consumer central energy flexibility in office buildings with the discussion of social, technical and business aspects. This paper clarifies the correlations of consumers" concerns, external influential factors, energy flexibility resources and technology with eight hypotheses. This paper suggests that technical solutions with the integration of distributed energy resources, building management and control system can boost energy flexibility in the office buildings.

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Incentives and targeting policies for automated demand response contracts

Cited by 10 publications

References 9 publications

Agent-based Decision Making for Adoption of Smart Energy Solutions

Agent-based Decision Making for Adoption of Smart Energy Solutions

Aggregation Potentials for Buildings—Business Models of Demand Response and Virtual Power Plants

Consumer Central Energy Flexibility in Office Buildings

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