Dynamic Economic Dispatch with Demand Side Management of Individual Residential Loads

Abstract

Minimizing generation costs is one of the main purposes for system operators, since it decreases the customer's energy costs and consequently increases the social welfare. Economic dispatch (ED) can be considered as a useful tool to determine the optimal generation cost. Extending the ED over multiple time steps is called the dynamic economic dispatch (DED). Demand side management (DSM) is a key component of smart grids that can have a lot of benefits to power system operators and customers. This paper aims to assess DSM potential impacts on electricity generation cost by considering the detailed and practical model of individual residential loads. For flexible loads, we assume various household appliances with different acceptable delay times (ADTs) within which their consumption can be shifted from the normal schedules. This problem was simulated on the 15-generators test systems. The results show that the first few MWs of shifting in demand bring out the largest decrease in generation costs.

Meeting Name

2015 North American Power Symposium, NAPS (2015: Oct. 4-6, Charlotte, NC)

Department(s)

Electrical and Computer Engineering

Keywords and Phrases

Costs; Demand side management; Domestic appliances; Electric power transmission networks; Electric utilities; Housing; Scheduling; Smart power grids; Delay Time; Dynamic economic dispatch; Electricity generation cost; Flexible loads; Multiple time step; Optimal generation; Power system operators; Smart grid; Electric load dispatching; Acceptable delay time

International Standard Book Number (ISBN)

978-1-4673-7389-0

Document Type

Article - Conference proceedings

Document Version

Citation

File Type

text

Language(s)

English

Rights

© 2015 Institute of Electrical and Electronics Engineers (IEEE), All rights reserved.

Publication Date

01 Oct 2015

Link to Full Text

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