Title :
The impact of renewable energy resources on demand response management in a smart grid
Author :
Zhang, Junwei ; Gursoy, M. Cenk
Author_Institution :
Qualcomm CDMA Technol., San Diego, CA, USA
Abstract :
In this paper, demand response management is studied in the presence of volatile renewable energy resources. The renewable energy production is modeled as a stochastic process. In this setting, consumer utility, cost of energy production, cost of energy shortfall due to the randomness in renewable energy generation are taken into account, and the maximization of the total social welfare over all possible renewable energy production levels and power consumption levels is pursued. The impact of the degree of uncertainty in renewable energy production on total welfare and the level of scheduled supplies is analyzed.
Keywords :
demand side management; optimisation; renewable energy sources; smart power grids; stochastic processes; consumer utility; demand response management; maximization; power consumption levels; renewable energy generation; renewable energy production; renewable energy resources; smart grid; social welfare; stochastic process; Electricity; Load management; Power demand; Pricing; Production; Renewable energy resources; Smart grids;
Conference_Titel :
Signal Processing Advances in Wireless Communications (SPAWC), 2012 IEEE 13th International Workshop on
Conference_Location :
Cesme
Print_ISBN :
978-1-4673-0970-7
DOI :
10.1109/SPAWC.2012.6292953
