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Optimal demand-side response to electricity spot prices for storage-type customers

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3 Author(s)
Daryanian, B. ; MIT, Cambridge, MA, USA ; Bohn, R.E. ; Tabors, R.D.

The customer response to spot prices is discussed. The factors that allow flexible customer response without service curtailments are identified. An overview of a fast, optimal, nonsimplex algorithm applicable to single storage electricity consuming processes is presented. A case study involving an air compression company demonstrates the application of the algorithm and shows the economic effects of industrial customer response to the spot pricing of electricity

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Power Systems, IEEE Transactions on  (Volume:4 ,  Issue: 3 )