Automated residential demand response based on dynamic pricing

Against the background of more renewable energy, limited investment in power generation, ageing distribution and transmission infrastructure, and the electrification of energy, the demand side of the electricity system is gaining attention. Moreover, the increasing ability to automate household appliances allows to involve the demand side more easily. Therefore, this paper examines demand response of residential consumers possessing smart appliances. Starting from day ahead wholesale prices and renewable energy production, different cost reflective Real Time Pricing (RTP) schemes are developed. According to these schemes, white goods are scheduled to the lowest price period taking into account user preferences. These demand modifications bring about new insights in the impact of the introduction of RTP.