TY - JOUR
T1 - Tracking Equilibrium Point under Real-Time Price-Based Residential Demand Response
AU - Ding, Tao
AU - Qu, Ming
AU - Amjady, Nima
AU - Wang, Fengyu
AU - Bo, Rui
AU - Shahidehpour, Mohammad
N1 - Publisher Copyright:
© 2010-2012 IEEE.
PY - 2021/5
Y1 - 2021/5
N2 - This letter proposes a model for tracking the equilibrium point of the real-time locational marginal price (LMP) based residential demand response program, where elastic demand is modeled as a monotonously decreasing linear function of the LMP. The resulting bi-level model contains both primary and dual variables, making it difficult to solve. Using duality, the dual model is formulated as a convex quadratic problem which is tractable to solve and find the global optimum. Furthermore, the condition for the existence of the equilibrium point is given. Numerical results on the IEEE 30-bus system verifies the effectiveness of the demand response model.
AB - This letter proposes a model for tracking the equilibrium point of the real-time locational marginal price (LMP) based residential demand response program, where elastic demand is modeled as a monotonously decreasing linear function of the LMP. The resulting bi-level model contains both primary and dual variables, making it difficult to solve. Using duality, the dual model is formulated as a convex quadratic problem which is tractable to solve and find the global optimum. Furthermore, the condition for the existence of the equilibrium point is given. Numerical results on the IEEE 30-bus system verifies the effectiveness of the demand response model.
KW - bi-level optimization
KW - demand response
KW - equilibrium point
KW - locational marginal price (LMP)
KW - Security constrained economic dispatch (SCED)
UR - https://www.scopus.com/pages/publications/85097149025
U2 - 10.1109/TSG.2020.3040084
DO - 10.1109/TSG.2020.3040084
M3 - 文章
AN - SCOPUS:85097149025
SN - 1949-3053
VL - 12
SP - 2736
EP - 2740
JO - IEEE Transactions on Smart Grid
JF - IEEE Transactions on Smart Grid
IS - 3
M1 - 9268957
ER -