Campus Units

Electrical and Computer Engineering, Economics

Document Type

Conference Proceeding

Conference

2012 IEEE Power and Energy Society General Meeting

Publication Version

Submitted Manuscript

Link to Published Version

http://dx.doi.org/10.1109/PESGM.2012.6345575

Publication Date

2012

Journal or Book Title

Proceedings of the IEEE Power and Energy Society General Meeting

DOI

10.1109/PESGM.2012.6345575

Conference Title

2012 IEEE Power and Energy Society General Meeting

Conference Date

July 22-26, 2012

City

San Diego, CA

Abstract

This paper describes a computational platform for studying the effects of price-responsive residential demand for air-conditioning (A/C) on integrated retail and wholesale power market operations. The physical operations of the A/C system are represented by means of the physics-based equivalent thermal parameter model. Residential A/C energy usage levels are determined by means of a stochastic dynamic-programming optimization in which the daily comfort attained by the resident is optimally traded off against his daily energy costs, conditional on retail energy prices, environmental conditions, and A/C operational constraints. An example is provided to illustrate the dynamic feedback loop connecting residential A/C load, the energy prices determined at wholesale conditional on A/C load, and the retail energy prices offered to residential A/C consumers by wholesale energy buyers.

Comments

© 2012 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. DOI: 10.1109/PESGM.2012.6345575

Copyright Owner

IEEE

Language

en

File Format

application/pdf

Published Version

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Article Location

 
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