A novel incentive-based retail demand response program for collaborative participation of small customers

M. A. Zehir*, M. H. Wevers, A. Batman, M. Bagriyanik, J. L. Hurink, U. Kucuk, F. J. Soares, A. Ozdemir

*Corresponding author for this work

Research output: Contribution to conferencePaper

6 Citations (Scopus)

Abstract

Integration of aggregated demand response into the wholesale electricity market is an emerging field of research. Contrary to conventional service providers, most of the demand side participants act voluntarily. However, due to wholesale market regulations, reliable and effective participation of huge numbers of customers is a vital task for aggregators. The existing retail programs aim to motivate customers to take part in events in return for static or individual performance-based incentives. These programs do not focus on engaging customers to act in a collaborative way and therefore have limited effectiveness. This study proposes a novel retail demand response program in which the incentives are dependent on the aggregated performance of participants. Considering the existing wholesale and retail market structures together with demand response aggregator responsibilities, an adaptable program is developed for more effective performance and indirect collaboration of customers. The contribution of the program is compared with a number of different DR programs adopting concepts from game theory.

Original languageEnglish
DOIs
Publication statusPublished - 13 Jul 2017
Event12th IEEE PES PowerTech Conference: Towards and Beyond Sustainable Energy Systems - University of Manchester, Manchester, United Kingdom
Duration: 18 Jun 201722 Jul 2017
Conference number: 12
http://ieee-powertech.org/

Conference

Conference12th IEEE PES PowerTech Conference
Abbreviated titlePowerTech 2017
CountryUnited Kingdom
CityManchester
Period18/06/1722/07/17
Internet address

Keywords

  • Demand response
  • Demand side aggregators
  • Electricity markets
  • Game theory
  • Smart grids

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    Zehir, M. A., Wevers, M. H., Batman, A., Bagriyanik, M., Hurink, J. L., Kucuk, U., ... Ozdemir, A. (2017). A novel incentive-based retail demand response program for collaborative participation of small customers. Paper presented at 12th IEEE PES PowerTech Conference, Manchester, United Kingdom. https://doi.org/10.1109/PTC.2017.7981059