Optimization of household energy consumption towards day-ahead retail electricity price in home energy management systems. (May 2019)
- Record Type:
- Journal Article
- Title:
- Optimization of household energy consumption towards day-ahead retail electricity price in home energy management systems. (May 2019)
- Main Title:
- Optimization of household energy consumption towards day-ahead retail electricity price in home energy management systems
- Authors:
- Golmohamadi, Hessam
Keypour, Reza
Bak-Jensen, Birgitte
Radhakrishna Pillai, Jayakrishnan - Abstract:
- Highlights: Investigation of interaction between market trading strategies and the behavior of household appliances. Discussion about the role of schedulable household appliances in secure operation of the distribution network. Determination of retail strategies in the market based on household behavior considering electricity price uncertainties. Abstract: In this paper, a novel approach is proposed to optimize the behavior of household appliances towards retail electricity price. At the supply-side, a distributed generation-owning retailer participates in the wholesale electricity market, i.e. day-ahead and intraday trading floors. Considering the uncertainties associated with electricity price and wind/solar power, the retailer determines the retail price using stochastic programming. At the demand-side, smart household prosumers take the advantage of two kinds of storage capacities: (1) thermal storage capacity of thermostatic devices and (2) electrical storage capacity of batteries integrated with roof-top photovoltaic panels. The Home Energy Management System (HEMS) determines the operational strategies of appliances, including thermostatically controlled, uninterruptible and curtailable appliances, in response to the retail price. The HEMS uses a heuristic Forward-Backward Algorithm (F-BA) to minimize the energy cost of the thermal appliances satisfying the residents' comfort. To prevent from creating peak demands in the power system, a Peak Flattening Scheme (PFS) isHighlights: Investigation of interaction between market trading strategies and the behavior of household appliances. Discussion about the role of schedulable household appliances in secure operation of the distribution network. Determination of retail strategies in the market based on household behavior considering electricity price uncertainties. Abstract: In this paper, a novel approach is proposed to optimize the behavior of household appliances towards retail electricity price. At the supply-side, a distributed generation-owning retailer participates in the wholesale electricity market, i.e. day-ahead and intraday trading floors. Considering the uncertainties associated with electricity price and wind/solar power, the retailer determines the retail price using stochastic programming. At the demand-side, smart household prosumers take the advantage of two kinds of storage capacities: (1) thermal storage capacity of thermostatic devices and (2) electrical storage capacity of batteries integrated with roof-top photovoltaic panels. The Home Energy Management System (HEMS) determines the operational strategies of appliances, including thermostatically controlled, uninterruptible and curtailable appliances, in response to the retail price. The HEMS uses a heuristic Forward-Backward Algorithm (F-BA) to minimize the energy cost of the thermal appliances satisfying the residents' comfort. To prevent from creating peak demands in the power system, a Peak Flattening Scheme (PFS) is suggested. Investigating the interaction between household consumption and network security, the household demands are located at different buses of a distribution network relieving congestion in weak lines. Finally, the proposed approach is implemented as a case for Danish sector of Nordic Electricity Market. … (more)
- Is Part Of:
- Sustainable cities and society. Volume 47(2019)
- Journal:
- Sustainable cities and society
- Issue:
- Volume 47(2019)
- Issue Display:
- Volume 47, Issue 2019 (2019)
- Year:
- 2019
- Volume:
- 47
- Issue:
- 2019
- Issue Sort Value:
- 2019-0047-2019-0000
- Page Start:
- Page End:
- Publication Date:
- 2019-05
- Subjects:
- Retailer -- HEMS -- Heuristic approach -- Electricity price -- Household appliances
Sustainable urban development -- Periodicals
Sustainable buildings -- Periodicals
Urban ecology (Sociology) -- Periodicals
307.76 - Journal URLs:
- http://www.sciencedirect.com/science/journal/22106707/ ↗
http://www.sciencedirect.com/ ↗
http://www.journals.elsevier.com/sustainable-cities-and-society ↗ - DOI:
- 10.1016/j.scs.2019.101468 ↗
- Languages:
- English
- ISSNs:
- 2210-6707
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 13042.xml