On the market effects of queueing energy requests as an alternative to storing electricity

Mahnoosh Alizadeh, Zhifang Wang, Anna Scaglione, Chen Chen, Shalinee Kishore

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

In the near future, our society will face an inevitable transition from consuming fossil fuels to renewable resources like wind and solar energy. It is mainly envisioned that this shift can happen through a widespread deployment of energy storage devices, clean generation reserves, or by making the demand for electricity more price elastic than what is practiced in the current operational framework. Measures that are employed to make the demand become more elastic are referred to as Demand Response and Demand Side Management. This paper assesses the benefits of adding large reservoirs of schedulable demand on the electricity market and how this can 1) help reduce peak demand; 2) reduce wholesale electricity prices; and 3) enable wide-scale integration of renewables into the electricity generation pool. This demand modification is achieved through buffering energy requests from certain controllable appliances participating in a voluntary Demand Side Management program offered by a utility/aggregator, which we call Digital Direct Load Scheduling. Here, we will mainly focus on proposing a framework through which these reservoirs can be integrated into the wholesale electricity market.

Original languageEnglish (US)
Title of host publication2012 IEEE Power and Energy Society General Meeting, PES 2012
DOIs
StatePublished - Dec 11 2012
Externally publishedYes
Event2012 IEEE Power and Energy Society General Meeting, PES 2012 - San Diego, CA, United States
Duration: Jul 22 2012Jul 26 2012

Publication series

NameIEEE Power and Energy Society General Meeting
ISSN (Print)1944-9925
ISSN (Electronic)1944-9933

Other

Other2012 IEEE Power and Energy Society General Meeting, PES 2012
CountryUnited States
CitySan Diego, CA
Period7/22/127/26/12

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Nuclear Energy and Engineering
  • Renewable Energy, Sustainability and the Environment
  • Electrical and Electronic Engineering

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  • Cite this

    Alizadeh, M., Wang, Z., Scaglione, A., Chen, C., & Kishore, S. (2012). On the market effects of queueing energy requests as an alternative to storing electricity. In 2012 IEEE Power and Energy Society General Meeting, PES 2012 [6345561] (IEEE Power and Energy Society General Meeting). https://doi.org/10.1109/PESGM.2012.6345561