A dynamic pricing model for price responsive electricity consumers in a smart community

T. Wang; D. Yamashita; H. Takamori; R. Yokoyama; T. Niimura

doi:10.1109/PESMG.2013.6672417

A dynamic pricing model for price responsive electricity consumers in a smart community

T. Wang, D. Yamashita, H. Takamori, R. Yokoyama, T. Niimura

Waseda Research Institute for Science and Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

9 Citations (Scopus)

Abstract

This paper considers a day-ahead coordination problem of electricity consumptions and supplies in a community. The agents involved are three typical types of user groups and a load serving entity as the coordinator. The instrument for coordination is the dynamic pricing drawing on the consumers' responsiveness to the price. The pricing is derived by a complementarity-based model. An example demonstrates that consumers participate in enhancing energy efficiency of the community in line with their own preferences.

Original language	English
Title of host publication	IEEE Power and Energy Society General Meeting
DOIs	https://doi.org/10.1109/PESMG.2013.6672417
Publication status	Published - 2013
Event	2013 IEEE Power and Energy Society General Meeting, PES 2013 - Vancouver, BC Duration: 2013 Jul 21 → 2013 Jul 25

Other

Other	2013 IEEE Power and Energy Society General Meeting, PES 2013
City	Vancouver, BC
Period	13/7/21 → 13/7/25

Keywords

complementarity-based model
day-ahead coordination
demand response
dynamic pricing
smart community

ASJC Scopus subject areas

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

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1109/PESMG.2013.6672417

Cite this

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title = "A dynamic pricing model for price responsive electricity consumers in a smart community",

abstract = "This paper considers a day-ahead coordination problem of electricity consumptions and supplies in a community. The agents involved are three typical types of user groups and a load serving entity as the coordinator. The instrument for coordination is the dynamic pricing drawing on the consumers' responsiveness to the price. The pricing is derived by a complementarity-based model. An example demonstrates that consumers participate in enhancing energy efficiency of the community in line with their own preferences.",

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AU - Yamashita, D.

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AU - Yokoyama, R.

AU - Niimura, T.

PY - 2013

Y1 - 2013

N2 - This paper considers a day-ahead coordination problem of electricity consumptions and supplies in a community. The agents involved are three typical types of user groups and a load serving entity as the coordinator. The instrument for coordination is the dynamic pricing drawing on the consumers' responsiveness to the price. The pricing is derived by a complementarity-based model. An example demonstrates that consumers participate in enhancing energy efficiency of the community in line with their own preferences.

AB - This paper considers a day-ahead coordination problem of electricity consumptions and supplies in a community. The agents involved are three typical types of user groups and a load serving entity as the coordinator. The instrument for coordination is the dynamic pricing drawing on the consumers' responsiveness to the price. The pricing is derived by a complementarity-based model. An example demonstrates that consumers participate in enhancing energy efficiency of the community in line with their own preferences.

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KW - day-ahead coordination

KW - demand response

KW - dynamic pricing

KW - smart community

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M3 - Conference contribution

AN - SCOPUS:84893183813

SN - 9781479913039

BT - IEEE Power and Energy Society General Meeting

T2 - 2013 IEEE Power and Energy Society General Meeting, PES 2013

Y2 - 21 July 2013 through 25 July 2013

ER -

A dynamic pricing model for price responsive electricity consumers in a smart community

Abstract

Other

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

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