scholarly journals Is real-time electricity pricing suitable for residential users without demand-side management?

Energy ◽  
2016 ◽  
Vol 109 ◽  
pp. 310-325 ◽  
Author(s):  
Javier Campillo ◽  
Erik Dahlquist ◽  
Fredrik Wallin ◽  
Iana Vassileva
Keyword(s):  
Real Time ◽  
Demand Side Management ◽  
Demand Side ◽  
Electricity Pricing

scholarly journals Real-Time Demand Side Management Algorithm Using Stochastic Optimization

Energies ◽  
2018 ◽  
Vol 11 (5) ◽  
pp. 1166 ◽  
Author(s):  
Moses Amoasi Acquah ◽  
Daisuke Kodaira ◽  
Sekyung Han
Keyword(s):  
Stochastic Optimization ◽  
Real Time ◽  
Demand Side Management ◽  
Demand Side ◽  
Management Algorithm

scholarly journals Implementation of a Demand-Side Management Solution for South Korea’s Demand Response Program

2020 ◽  
Vol 10 (5) ◽  
pp. 1751 ◽  
Author(s):  
Wonsuk Ko ◽  
Hamsakutty Vettikalladi ◽  
Seung-Ho Song ◽  
Hyeong-Jin Choi
Keyword(s):  
South Korea ◽  
Real Time ◽  
Demand Response ◽  
Mean Squared Error ◽  
Demand Side Management ◽  
Demand Side ◽  
Root Mean Squared Error ◽  
Squared Error ◽  
Demand Response Program ◽  
Relative Root

In this paper, we show the development of a demand-side management solution (DSMS) for demand response (DR) aggregator and actual demand response operation cases in South Korea. To show an experience, Korea’s demand response market outline, functions of DSMS, real contracted capacity, and payment between consumer and load aggregator and DR operation cases are revealed. The DSMS computes the customer baseline load (CBL), relative root mean squared error (RRMSE), and payments of the customers in real time. The case of 10 MW contracted customers shows 108.03% delivery rate and a benefit of 854,900,394 KRW for two years. The results illustrate that an integrated demand-side management solution contributes by participating in a DR market and gives a benefit and satisfaction to the consumer.

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