The study of demand response programs for economic dispatch in multiple time steps

The study of demand response programs for economic dispatch in multiple time steps

This project investigates the application of Demand Response (DR) within an electricity market model. Many existing studies make use of piecewise linear curve fitting for a simplified representation of demand and supply bids in the network. By using quadratic generator cost functions and consumer be...

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Main Author: Eynon, Rachael
Other Authors: Mohasha Sampath
Format: Final Year Project
Language:English
Published: 2018
Subjects:
DRNTU::Engineering::Electrical and electronic engineering::Electric power::Auxiliaries, applications and electric industries
Online Access:http://hdl.handle.net/10356/75414
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Institution: Nanyang Technological University
Language: English
id sg-ntu-dr.10356-75414
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spelling sg-ntu-dr.10356-754142023-07-07T16:20:22Z The study of demand response programs for economic dispatch in multiple time steps Eynon, Rachael Mohasha Sampath Gooi Hoay Beng School of Electrical and Electronic Engineering DRNTU::Engineering::Electrical and electronic engineering::Electric power::Auxiliaries, applications and electric industries This project investigates the application of Demand Response (DR) within an electricity market model. Many existing studies make use of piecewise linear curve fitting for a simplified representation of demand and supply bids in the network. By using quadratic generator cost functions and consumer benefit functions, an accurate market model incorporating demand response can be developed. This report presents an evaluation of the effectiveness of demand response within the market model and quantifies the savings that can be made. Bachelor of Engineering 2018-05-31T04:21:07Z 2018-05-31T04:21:07Z 2018 Final Year Project (FYP) http://hdl.handle.net/10356/75414 en Nanyang Technological University 53 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Engineering::Electrical and electronic engineering::Electric power::Auxiliaries, applications and electric industries
spellingShingle DRNTU::Engineering::Electrical and electronic engineering::Electric power::Auxiliaries, applications and electric industries
Eynon, Rachael
The study of demand response programs for economic dispatch in multiple time steps
description This project investigates the application of Demand Response (DR) within an electricity market model. Many existing studies make use of piecewise linear curve fitting for a simplified representation of demand and supply bids in the network. By using quadratic generator cost functions and consumer benefit functions, an accurate market model incorporating demand response can be developed. This report presents an evaluation of the effectiveness of demand response within the market model and quantifies the savings that can be made.
author2 Mohasha Sampath
author_facet Mohasha Sampath
Eynon, Rachael
format Final Year Project
author Eynon, Rachael
author_sort Eynon, Rachael
title The study of demand response programs for economic dispatch in multiple time steps
title_short The study of demand response programs for economic dispatch in multiple time steps
title_full The study of demand response programs for economic dispatch in multiple time steps
title_fullStr The study of demand response programs for economic dispatch in multiple time steps
title_full_unstemmed The study of demand response programs for economic dispatch in multiple time steps
title_sort study of demand response programs for economic dispatch in multiple time steps
publishDate 2018
url http://hdl.handle.net/10356/75414
_version_ 1772828268920045568

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