A dynamic pricing model for price responsive electricity consumers in a smart community

T. Wang, D. Yamashita, H. Takamori, R. Yokoyama, T. Niimura

Research output: Chapter in Book/Report/Conference proceedingConference contribution

4 Citations (Scopus)

Abstract

This paper considers a day-ahead coordination problem of electricity consumptions and supplies in a community. The agents involved are three typical types of user groups and a load serving entity as the coordinator. The instrument for coordination is the dynamic pricing drawing on the consumers' responsiveness to the price. The pricing is derived by a complementarity-based model. An example demonstrates that consumers participate in enhancing energy efficiency of the community in line with their own preferences.

Original languageEnglish
Title of host publicationIEEE Power and Energy Society General Meeting
DOIs
Publication statusPublished - 2013
Event2013 IEEE Power and Energy Society General Meeting, PES 2013 - Vancouver, BC
Duration: 2013 Jul 212013 Jul 25

Other

Other2013 IEEE Power and Energy Society General Meeting, PES 2013
CityVancouver, BC
Period13/7/2113/7/25

Keywords

  • complementarity-based model
  • day-ahead coordination
  • demand response
  • dynamic pricing
  • smart community

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Nuclear Energy and Engineering
  • Renewable Energy, Sustainability and the Environment
  • Electrical and Electronic Engineering

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  • Cite this

    Wang, T., Yamashita, D., Takamori, H., Yokoyama, R., & Niimura, T. (2013). A dynamic pricing model for price responsive electricity consumers in a smart community. In IEEE Power and Energy Society General Meeting [6672417] https://doi.org/10.1109/PESMG.2013.6672417