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Increasing the Benefit from Cost-Minimizing Loads via Centralized Adjustments

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dc.contributor Aalto-yliopisto fi
dc.contributor Aalto University en
dc.contributor.author Alahäivälä, Antti
dc.contributor.author Lehtonen, Matti
dc.date.accessioned 2017-01-19T11:07:56Z
dc.date.issued 2016-12
dc.identifier.citation Alahäivälä , A & Lehtonen , M 2016 , ' Increasing the Benefit from Cost-Minimizing Loads via Centralized Adjustments ' , Energies , vol. 9 , no. 12 , 983 . https://doi.org/10.3390/en9120983 en
dc.identifier.issn 1996-1073
dc.identifier.other PURE UUID: 9440c261-9300-4498-bcdd-b82860581f28
dc.identifier.other PURE ITEMURL: https://research.aalto.fi/en/publications/increasing-the-benefit-from-costminimizing-loads-via-centralized-adjustments(9440c261-9300-4498-bcdd-b82860581f28).html
dc.identifier.other PURE FILEURL: https://research.aalto.fi/files/10350890/Alahaivala_Lehtonen_energies_09_00983.pdf
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/24275
dc.description In Article: Open Access This article belongs to the Special Issue Decentralized Management of Energy Streams in Smart Grids
dc.description.abstract Several demand response (DR) strategies rely on real-time pricing and selfish local optimization, which may not result in optimal electricity consumption patterns from the viewpoint of an energy supplier or a power system. Thus, this paper proposes a strategy enabling centralized adjustments to cost-minimize consumers' load. By employing the strategy, an aggregator is able to alter electricity consumption in order to remove power imbalances and to participate in the balancing power market (BPM). In this paper, we focus on direct electric space heating (DESH) loads that aim to minimize their heating cost locally. The consumers and an aggregator agree about an indoor temperature band, within which the aggregator is allowed to alter the temperature, and thus the electricity consumption. Centrally, the aggregator procures its electricity demand from a day-ahead (DA) market by utilizing the allowed temperature band and employs the band later in real-time (RT) operation for the balancing of its own imbalances or regulating power in the BPM. en
dc.format.extent 13
dc.format.mimetype application/pdf
dc.language.iso en en
dc.relation.ispartofseries ENERGIES en
dc.relation.ispartofseries Volume 9, issue 12 en
dc.rights openAccess en
dc.title Increasing the Benefit from Cost-Minimizing Loads via Centralized Adjustments en
dc.type A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä fi
dc.description.version Peer reviewed en
dc.contributor.department Department of Electrical Engineering and Automation
dc.subject.keyword demand response (DR)
dc.subject.keyword regulating power
dc.subject.keyword imbalance power
dc.subject.keyword aggregator
dc.subject.keyword DEMAND RESPONSE
dc.subject.keyword ELECTRICITY CONSUMPTION
dc.subject.keyword ENERGY MANAGEMENT
dc.subject.keyword SYSTEMS
dc.subject.keyword MODEL
dc.identifier.urn URN:NBN:fi:aalto-201701191220
dc.identifier.doi 10.3390/en9120983
dc.type.version publishedVersion


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