A dynamic pricing model for price responsive electricity consumers in a smart community
- Resource Type
- Conference
- Authors
- Wang, T.; Yamashita, D.; Takamori, H.; Yokoyama, R.; Niimura, T.
- Source
- 2013 IEEE Power & Energy Society General Meeting Power and Energy Society General Meeting (PES), 2013 IEEE. :1-5 2013
- Subject
- Power, Energy and Industry Applications
Load modeling
Elasticity
Electricity
Communities
demand response
dynamic pricing
day-ahead coordination
complementarity-based model
smart community
- Language
- ISSN
- 1932-5517
This paper considers a day-ahead coordination problem of electricity consumptions and supplies in a community. The agents involved are three typical types of user groups and a load serving entity as the coordinator. The instrument for coordination is the dynamic pricing drawing on the consumers' responsiveness to the price. The pricing is derived by a complementarity-based model. An example demonstrates that consumers participate in enhancing energy efficiency of the community in line with their own preferences.