Abstract
Since the hourly spot market price is available one day ahead in Denmark, the price could be transferred to the consumers and they may shift their loads from high price periods to the low price periods in order to save their energy costs. This paper presents a load optimization method to time-of-use power price for demand side management in order to save the energy costs as much as possible. 3 typical different kinds of loads (industrial load, residential load and commercial load) in Denmark are chosen as study cases. The energy costs decrease up to 9.6% with optimal load response to time-of-use power price for different loads. Simulation results show that the optimal load response to time-of-use power price for demand side management generates different load profiles and reduces the load peaks. This kind of load patterns may also have significant effects on the power system normal operation.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the Asia-Pasific Power and Energy Engineering Conference, APPEEC 2010 |
| Number of pages | 4 |
| Publisher | IEEE Press |
| Publication date | Mar 2010 |
| ISBN (Print) | 978-1-4244-4812-8 |
| DOIs | |
| Publication status | Published - Mar 2010 |
| Event | Asia-Pacific Power and Energy Engineering Conference, APPEEC 2010 - Chengdu, China Duration: 28 Mar 2010 → 31 Mar 2010 |
Conference
| Conference | Asia-Pacific Power and Energy Engineering Conference, APPEEC 2010 |
|---|---|
| Country/Territory | China |
| City | Chengdu |
| Period | 28/03/2010 → 31/03/2010 |
Bibliographical note
INSPEC Accession Number: 11257671Keywords
- Optimal load response
- Time-of-use
- Demand Side Management