Defining expected cost for the air conditioning to avoid a price spike of electricity market under DSR model

Marwan, Marwan, Ledwich, Gerard, & Ghosh, Arindam (2013) Defining expected cost for the air conditioning to avoid a price spike of electricity market under DSR model. In Proceedings of the 2013 Australasian Universities Power Engineering Conference (AUPEC), IEEE, University of Tasmania, Hobart, Australia, pp. 1-6.

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This work presents a demand side response model (DSR) which assists small electricity consumers, through an aggregator, exposed to the market price to proactively mitigate price and peak impact on the electrical system. The proposed model allows consumers to manage air-conditioning when as a function of possible price spikes. The main contribution of this research is to demonstrate how consumers can minimise the total expected cost by optimising air-conditioning to account for occurrences of a price spike in the electricity market. This model investigates how pre-cooling method can be used to minimise energy costs when there is a substantial risk of an electricity price spike. The model was tested with Queensland electricity market data from the Australian Energy Market Operator and Brisbane temperature data from the Bureau of Statistics during hot days on weekdays in the period 2011 to 2012.

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ID Code: 68658
Item Type: Conference Paper
Refereed: Yes
Keywords: Component, Demand side response, Electricity market, Energy, Price spike
DOI: 10.1109/AUPEC.2013.6725366
ISBN: 9781862959132
Divisions: Current > Schools > School of Electrical Engineering & Computer Science
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2013 IEEE
Copyright Statement: Personal use of this material is permitted. Permission from IEEE must be obtained for all other users, 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 components of this work in other works.
Deposited On: 18 Mar 2014 01:19
Last Modified: 19 Mar 2014 00:19

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