2020
DOI: 10.3390/en13040862
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Optimal Price Based Demand Response of HVAC Systems in Commercial Buildings Considering Peak Load Reduction

Abstract: Electric utility companies (EUCs) play an intermediary role of retailers between wholesale market and end-users, maximizing their profits. Retail pricing can be well deployed with the support of EUCs to promote demand response (DR) programs for heating, ventilating, and air-conditioning (HVAC) systems in commercial buildings. This paper proposes a pricing strategy to help EUCs and building operators achieve an optimal DR of price-elastic HVAC systems, considering peak load reduction. The proposed strategy is i… Show more

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Cited by 14 publications
(10 citation statements)
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“…The location of aforementioned BHEs is shown in Figure 4. Similar studies for various BHE designs have already been described in literature [1,12,26]. • how the measurement results are averaged, as shown in this article.…”
Section: The Scope Of the Conducted Researchmentioning
confidence: 63%
See 1 more Smart Citation
“…The location of aforementioned BHEs is shown in Figure 4. Similar studies for various BHE designs have already been described in literature [1,12,26]. • how the measurement results are averaged, as shown in this article.…”
Section: The Scope Of the Conducted Researchmentioning
confidence: 63%
“…Energies 2020, 13, 3737; doi:10.3390/en13143737 www.mdpi.com/journal/energies Energies 2020, 13, 3737 2 of 20 Among them are not only those safe for the environment, but also those with renewable resources. New solutions in the field of heating and air conditioning were developed [1]. Due to the rapid growth of geothermal energy development, individual users gaining independency in acquisition and distribution of geothermal energy became common.…”
Section: Introductionmentioning
confidence: 99%
“…This formulation is named the simple multi-period energy tariff optimization problem (SMETOP) in [24], where its NP-hardness is proved in case of multiple followers. Various papers address the extensions of the SMETOP, including generic piecewise linear, quadratic, or other non-linear follower utility functions [3,4]; battery storage at the follower [2], multi-energy systems [25]; or the heating, ventilation, and air-conditioning (HVAC) of buildings using a dedicated thermal model [26]. The typical solution approach is reformulating the bilevel problem into an equivalent single-level problem using the KKT conditions, eliminating non-linear terms, and then solving the model as a mixed-integer linear program (MILP) [3,5,27,28].…”
Section: Literature Reviewmentioning
confidence: 99%
“…Demand response (DR) has been recognized as a powerful tool to better balance supply and demand by influencing the behavior of the demand side in electrical grid [1][2][3]. Specifically, due to the uncertainty of renewable energy, electricity market prices and the cumulation of prediction errors [4], the pressure to ensure stable electricity supply continues to increase.…”
Section: Introductionmentioning
confidence: 99%