The Combination of Purchase Agent, Bilateral Contract and Real-time Pricing Consumer Group A Research on the Electricity Market Model with Demand Response in China

2005 ◽  
Author(s):  
Wang Dongrong ◽  
Liu Baohua ◽  
Sun Xin ◽  
Zeng Ming
Keyword(s):  
Real Time ◽  
Demand Response ◽  
Electricity Market ◽  
Market Model ◽  
Consumer Group ◽  
Bilateral Contract ◽  
Group A ◽  
Real Time Pricing

scholarly journals Techno-Economic Planning and Operation of the Microgrid Considering Real-Time Pricing Demand Response Program

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4597
Author(s):  
Zi-Xuan Yu ◽  
Meng-Shi Li ◽  
Yi-Peng Xu ◽  
Sheraz Aslam ◽  
Yuan-Kang Li
Keyword(s):  
Real Time ◽  
Demand Response ◽  
Positive Impact ◽  
Environmental Aspects ◽  
Component Size ◽  
Cost Of Energy ◽  
Four Seasons ◽  
Demand Response Program ◽  
Real Time Pricing

The optimal planning of grid-connected microgrids (MGs) has been extensively studied in recent years. While most of the previous studies have used fixed or time-of-use (TOU) prices for the optimal sizing of MGs, this work introduces real-time pricing (RTP) for implementing a demand response (DR) program according to the national grid prices of Iran. In addition to the long-term planning of MG, the day-ahead operation of MG is also analyzed to get a better understanding of the DR program for daily electricity dispatch. For this purpose, four different days corresponding to the four seasons are selected for further analysis. In addition, various impacts of the proposed DR program on the MG planning results, including sizing and best configuration, net present cost (NPC) and cost of energy (COE), and emission generation by the utility grid, are investigated. The optimization results show that the implementation of the DR program has a positive impact on the technical, economic, and environmental aspects of MG. The NPC and COE are reduced by about USD 3700 and USD 0.0025/kWh, respectively. The component size is also reduced, resulting in a reduction in the initial cost. Carbon emissions are also reduced by 185 kg/year.

scholarly journals Do Benefits from Dynamic Tariffing Rise? Welfare Effects of Real-Time Retail Pricing Under Carbon Taxation and Variable Renewable Electricity Supply

2019 ◽  
Vol 75 (1) ◽  
pp. 183-213
Author(s):  
Christian Gambardella ◽  
Michael Pahle ◽  
Wolf-Peter Schill
Keyword(s):  
Real Time ◽  
Electricity Markets ◽  
Electricity Market ◽  
Wholesale Price ◽  
Price Volatility ◽  
Market Model ◽  
High Carbon ◽  
Welfare Gains ◽  
Retail Pricing ◽  
Carbon Taxation

AbstractWe analyze the gross welfare gains from real-time retail pricing in electricity markets where carbon taxation induces investment in variable renewable technologies. Applying a stylized numerical electricity market model, we find a U-shaped association between carbon taxation and gross welfare gains. The benefits of introducing real-time pricing can accordingly be relatively low at relatively high carbon taxes and vice versa. The non-monotonous change in welfare gains can be explained by corresponding changes in the inefficiency arising from “under-consumption” during low-price periods rather than by changes in wholesale price volatility. Our results may cast doubt on the efficiency of ongoing roll-outs of advanced meters in many electricity markets, since net benefits might only materialize at relatively high carbon tax levels and renewable supply shares.

scholarly journals Personalized real time pricing for efficient and fair demand response in energy cooperatives and highly competitive flexibility markets

2018 ◽  
Vol 7 (1) ◽  
pp. 151-162 ◽  
Author(s):  
Georgios Tsaousoglou ◽  
Nikolaos Efthymiopoulos ◽  
Prodrommos Makris ◽  
Emmanouel Varvarigos
Keyword(s):  
Real Time ◽  
Demand Response ◽  
Real Time Pricing
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