Conference paper
Determining a demand response incentive for microgrids
2019 9th International Conference on Power and Energy Systems (ICPES)
9th International Conference on Power and Energy Systems (ICPES) 2019 (Perth, WA, 10/12/2019–12/12/2019)
2019
Abstract
The return of investment of a microgrid (MG) project can be accelerated by minimizing the cost of energy production. Implementing demand response (DR) is one of the inexpensive solutions to accelerate this investment return rate. Under a DR program, MG loads can be re-scheduled from peak to off-peak periods, or shaved and shed during peak periods, depending on the loads' flexibility. However, additional costs are needed to provide the enabling technologies. On the other hand, DR execution may reduce customers' comfort; thus, the MG operator should provide some incentives to the participants for compensation. The given incentives should be effective and feasible for both DR participants and the MG operator. This study aims to determine the DR incentives derived from the differences of MG profit before and after implementing this program. The given incentive varies based on the discomfort level, felt by the participants, and the load's economic value. A Genetic Algorithm tool is used as the optimization method in this study.
Details
- Title
- Determining a demand response incentive for microgrids
- Authors/Creators
- Y. Astriani (Author/Creator)GM. Shafiullah (Author/Creator)F. Shahnia (Author/Creator)M. Anda (Author/Creator)
- Publication Details
- 2019 9th International Conference on Power and Energy Systems (ICPES)
- Conference
- 9th International Conference on Power and Energy Systems (ICPES) 2019 (Perth, WA, 10/12/2019–12/12/2019)
- Identifiers
- 991005540525707891
- Copyright
- ©2019 IEEE
- Murdoch Affiliation
- School of Engineering and Energy
- Language
- English
- Resource Type
- Conference paper
Metrics
95 Record Views