Portfolio design of a demand response aggregator with satisficing consumers

Florian Salah, Rodrigo Henriquez, George Wenzel, Daniel E. Olivares, Matias Negrete-Pincetic, Christof Weinhardt

Producción científica: Contribución a una revistaArtículorevisión exhaustiva

33 Citas (Scopus)

Resumen

This paper studies the impact of consumer behavior on the portfolio design of a demand response (DR) aggregator. Consumer behavior is modeled using elements of satisficing theory. We develop an optimization model to decide the optimal portfolio of DR contracts for an aggregator participating in the electricity market. In our model, the aggregator must pay a premium to enable the participation of consumers who have a certain aspiration threshold, below which they will not participate. Thus, the proposed model determines the premiums to be offered to consumers in order to obtain a DR portfolio that maximizes the aggregator's operating surplus while satisfying the aspirations of participating consumers. Several simulations are performed to obtain insights on the value of the DR resource, and the importance of parameters used to model the consumer behavior.

Idioma originalInglés
Número de artículo8274987
Páginas (desde-hasta)2475-2484
Número de páginas10
PublicaciónIEEE Transactions on Smart Grid
Volumen10
N.º3
DOI
EstadoPublicada - may. 2019
Publicado de forma externa

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