2020
DOI: 10.24200/sci.2020.54864.3948
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Load Shifting Demand Response in Energy Scheduling Based on Payment Cost Minimization Auction Mechanism

Abstract: Demand response (DR) is proven to be very efficacious for load mitigation especially in peak time period. On the other hand, DR benefits both consumers and system operators to reduce their payment and system operating cost, respectively. Offer cost minimization is currently used as the clearing mechanism with locational marginal pricing scheme to determine the consumers' payment. These clearing and pricing mechanisms are inconsistent as the system cost is being minimized, but the final payments are calculated … Show more

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“…Among these factors, the duration and frequency of power interruptions play a particularly significant role. Consequently, electricity distribution companies devote their efforts to improving system reliability by mitigating power interruptions [2][3][4][5], utilizing solutions including distribution automation [6][7], distributed generation (DG) [8][9][10], demand-side management (DSM) [11][12][13][14][15], and proactively engaging in maintenance activities [16,17].…”
Section: -Introductionmentioning
confidence: 99%
“…Among these factors, the duration and frequency of power interruptions play a particularly significant role. Consequently, electricity distribution companies devote their efforts to improving system reliability by mitigating power interruptions [2][3][4][5], utilizing solutions including distribution automation [6][7], distributed generation (DG) [8][9][10], demand-side management (DSM) [11][12][13][14][15], and proactively engaging in maintenance activities [16,17].…”
Section: -Introductionmentioning
confidence: 99%