Impact of Demand-Response on the Efficiency and Prices in Real-Time Electricity Markets
| Autor: | Dan-Cristian Tomozei, Jean-Yves Le Boudec, Nicolas Gast |
|---|---|
| Přispěvatelé: | Middleware efficiently scalable (MESCAL), Inria Grenoble - Rhône-Alpes, Institut National de Recherche en Informatique et en Automatique (Inria)-Institut National de Recherche en Informatique et en Automatique (Inria)-Laboratoire d'Informatique de Grenoble (LIG), Institut polytechnique de Grenoble - Grenoble Institute of Technology (Grenoble INP )-Institut National Polytechnique de Grenoble (INPG)-Centre National de la Recherche Scientifique (CNRS)-Université Pierre Mendès France - Grenoble 2 (UPMF)-Université Joseph Fourier - Grenoble 1 (UJF)-Institut polytechnique de Grenoble - Grenoble Institute of Technology (Grenoble INP )-Institut National Polytechnique de Grenoble (INPG)-Centre National de la Recherche Scientifique (CNRS)-Université Pierre Mendès France - Grenoble 2 (UPMF)-Université Joseph Fourier - Grenoble 1 (UJF), Ecole Polytechnique Fédérale de Lausanne (EPFL), Laboratoire d'Informatique de Grenoble (LIG), Institut polytechnique de Grenoble - Grenoble Institute of Technology (Grenoble INP )-Institut National Polytechnique de Grenoble (INPG)-Centre National de la Recherche Scientifique (CNRS)-Université Pierre Mendès France - Grenoble 2 (UPMF)-Université Joseph Fourier - Grenoble 1 (UJF)-Institut polytechnique de Grenoble - Grenoble Institute of Technology (Grenoble INP )-Institut National Polytechnique de Grenoble (INPG)-Centre National de la Recherche Scientifique (CNRS)-Université Pierre Mendès France - Grenoble 2 (UPMF)-Université Joseph Fourier - Grenoble 1 (UJF)-Inria Grenoble - Rhône-Alpes, Institut National de Recherche en Informatique et en Automatique (Inria)-Institut National de Recherche en Informatique et en Automatique (Inria), Université Pierre Mendès France - Grenoble 2 (UPMF)-Université Joseph Fourier - Grenoble 1 (UJF)-Institut polytechnique de Grenoble - Grenoble Institute of Technology (Grenoble INP )-Institut National Polytechnique de Grenoble (INPG)-Centre National de la Recherche Scientifique (CNRS)-Université Pierre Mendès France - Grenoble 2 (UPMF)-Université Joseph Fourier - Grenoble 1 (UJF)-Institut polytechnique de Grenoble - Grenoble Institute of Technology (Grenoble INP )-Institut National Polytechnique de Grenoble (INPG)-Centre National de la Recherche Scientifique (CNRS) |
| Jazyk: | angličtina |
| Rok vydání: | 2014 |
| Předmět: |
Marginal cost
Energy storage business.industry Electricity pricing [SPI.NRJ]Engineering Sciences [physics]/Electric power stochastic optimization Demand Response Competitive equilibrium 7. Clean energy Microeconomics Demand response electricity market Market price Economics epfl-smartgrids Electricity market Electricity [MATH.MATH-OC]Mathematics [math]/Optimization and Control [math.OC] Smart Grid business Inefficiency Demand-response |
| Zdroj: | ACM e-Energy 2014 ACM e-Energy 2014, Jun 2014, Cambridge, United Kingdom. ⟨10.1145/2602044.2602052⟩ e-Energy |
| DOI: | 10.1145/2602044.2602052⟩ |
| Popis: | We study the effect of Demand-Response (DR) in dynamic real-time electricity markets. We use a two-stage market model that takes into account the dynamical aspects of generation, demand, and DR. We study the real-time market prices in two scenarios: in the former, consumers anticipate or delay their flexible loads in reaction to market prices; in the latter, the flexible loads are controlled by an independent aggregator. For both scenarios, we show that, when users are price-takers, any competitive equilibrium is efficient: the players' selfish responses to prices coincide with a socially optimal policy. Moreover, the price process is the same in all scenarios. For the numerical evaluation of the properties of the equilibrium, we develop a solution technique based on the Alternating Direction Method of Multipliers (ADMM) and trajectorial forecasts. The forecasts are computed using wind generation data from the UK. We challenge the assumption that all players have full information. If the assumption is verified, then, as expected, the social welfare increases with the amount of DR available, since DR relaxes the ramping constraints of generation. However, DR actions alter the internal states of elastic loads; if the day-ahead market cannot observe how elastic loads are affected by DR, a large quantity of DR can be detrimental and leads to a decrease in the welfare. Furthermore, the DR operator has an incentive to under-dimension the quantity of available DR. Finally, we compare DR with an actual energy storage system. We find that storage has a faster response-time and thus performs better when only a limited amount is installed. However, storage suffers from charge-discharge inefficiency: with DR, prices do concentrate on marginal cost (for storage, they do not) and provide a better welfare. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|