The values of market-based demand response on improving power system reliability under extreme circumstances
Autor(a) principal: | |
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Data de Publicação: | 2017 |
Outros Autores: | , , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://repositorio.inesctec.pt/handle/123456789/4833 http://dx.doi.org/10.1016/j.apenergy.2017.01.103 |
Resumo: | Power system reliability faces serious challenges when supply shortage occurs because of unexpected generation or transmission line outages especially during extreme weather conditions. Alternative to conventional approaches that solicit aids from the generation side, operators can now leverage the demand-side resources through a variety of electricity market mechanisms to balance the active power and enhance system reliability. The benefits of the demand response (DR) have long been recognized in many works and empirical cases. Systematic analyses, however, have never been addressed to assess the values of the market-based DR for supporting system reliability. In this paper, a case study on the performance of DR in PJM Interconnections during the 2014 North American Polar Vortex is provided to highlight the significant contributions to improving system reliability and maintaining grid stability from DR programs. The unique merits in technical, economic and environmental aspects exhibited by DR during this extreme event verse conventional system-reliability-improving approaches are also demonstrated accordingly. Furthermore, we reveal the difference of DR programs driven by various existing market mechanisms after describing the fundamental DR functions. Values of various DR programs are also highlighted. At last, challenges and opportunities facing China on the design and implementation of DR programs during the transform from the monopoly scheme to an open electricity market during the power industry restructuring in recent years are also discussed. |
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The values of market-based demand response on improving power system reliability under extreme circumstancesPower system reliability faces serious challenges when supply shortage occurs because of unexpected generation or transmission line outages especially during extreme weather conditions. Alternative to conventional approaches that solicit aids from the generation side, operators can now leverage the demand-side resources through a variety of electricity market mechanisms to balance the active power and enhance system reliability. The benefits of the demand response (DR) have long been recognized in many works and empirical cases. Systematic analyses, however, have never been addressed to assess the values of the market-based DR for supporting system reliability. In this paper, a case study on the performance of DR in PJM Interconnections during the 2014 North American Polar Vortex is provided to highlight the significant contributions to improving system reliability and maintaining grid stability from DR programs. The unique merits in technical, economic and environmental aspects exhibited by DR during this extreme event verse conventional system-reliability-improving approaches are also demonstrated accordingly. Furthermore, we reveal the difference of DR programs driven by various existing market mechanisms after describing the fundamental DR functions. Values of various DR programs are also highlighted. At last, challenges and opportunities facing China on the design and implementation of DR programs during the transform from the monopoly scheme to an open electricity market during the power industry restructuring in recent years are also discussed.2017-12-22T18:10:25Z2017-01-01T00:00:00Z2017info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://repositorio.inesctec.pt/handle/123456789/4833http://dx.doi.org/10.1016/j.apenergy.2017.01.103engWang,FXu,HCXu,TLi,KPShafie Khah,MJoão Catalãoinfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-05-15T10:19:48ZPortal AgregadorONG |
dc.title.none.fl_str_mv |
The values of market-based demand response on improving power system reliability under extreme circumstances |
title |
The values of market-based demand response on improving power system reliability under extreme circumstances |
spellingShingle |
The values of market-based demand response on improving power system reliability under extreme circumstances Wang,F |
title_short |
The values of market-based demand response on improving power system reliability under extreme circumstances |
title_full |
The values of market-based demand response on improving power system reliability under extreme circumstances |
title_fullStr |
The values of market-based demand response on improving power system reliability under extreme circumstances |
title_full_unstemmed |
The values of market-based demand response on improving power system reliability under extreme circumstances |
title_sort |
The values of market-based demand response on improving power system reliability under extreme circumstances |
author |
Wang,F |
author_facet |
Wang,F Xu,HC Xu,T Li,KP Shafie Khah,M João Catalão |
author_role |
author |
author2 |
Xu,HC Xu,T Li,KP Shafie Khah,M João Catalão |
author2_role |
author author author author author |
dc.contributor.author.fl_str_mv |
Wang,F Xu,HC Xu,T Li,KP Shafie Khah,M João Catalão |
description |
Power system reliability faces serious challenges when supply shortage occurs because of unexpected generation or transmission line outages especially during extreme weather conditions. Alternative to conventional approaches that solicit aids from the generation side, operators can now leverage the demand-side resources through a variety of electricity market mechanisms to balance the active power and enhance system reliability. The benefits of the demand response (DR) have long been recognized in many works and empirical cases. Systematic analyses, however, have never been addressed to assess the values of the market-based DR for supporting system reliability. In this paper, a case study on the performance of DR in PJM Interconnections during the 2014 North American Polar Vortex is provided to highlight the significant contributions to improving system reliability and maintaining grid stability from DR programs. The unique merits in technical, economic and environmental aspects exhibited by DR during this extreme event verse conventional system-reliability-improving approaches are also demonstrated accordingly. Furthermore, we reveal the difference of DR programs driven by various existing market mechanisms after describing the fundamental DR functions. Values of various DR programs are also highlighted. At last, challenges and opportunities facing China on the design and implementation of DR programs during the transform from the monopoly scheme to an open electricity market during the power industry restructuring in recent years are also discussed. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-12-22T18:10:25Z 2017-01-01T00:00:00Z 2017 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://repositorio.inesctec.pt/handle/123456789/4833 http://dx.doi.org/10.1016/j.apenergy.2017.01.103 |
url |
http://repositorio.inesctec.pt/handle/123456789/4833 http://dx.doi.org/10.1016/j.apenergy.2017.01.103 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/embargoedAccess |
eu_rights_str_mv |
embargoedAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
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instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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