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Demand response in the retail market: Benefits and challenges

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4 Author(s)
Nguyen, D.T. ; Sch. of Eng., Univ. of Tasmania, Hobart, TAS, Australia ; Negnevitsky, M. ; de Groot, M. ; Wang, C.

This paper discusses two types of Demand Response (DR), namely price-based DR and reliability-based DR, in the United States context. The advantages and limitations of each type of DR are reviewed through examining related studies. The paper claims that neither price-based DR nor reliability-based DR can maximize the DR benefit if applied alone. The paper then proposes two hybrid frameworks, in which both price-based and reliability-based programs are integrated into an information management system for both scheduling and dispatch. These frameworks encapsulate different degrees of change and decentralization of the electricity distribution grid.

Published in:

Power Engineering Conference, 2009. AUPEC 2009. Australasian Universities

Date of Conference:

27-30 Sept. 2009