Assessment of Demand Response Particibility Potential Based on Cost-Effective Process Design. Issue 3 (2021)

• Record Type: Journal Article
• Authors: Liu, Yu; Campos, Gustavo; Palazoglu, Ahmet; El-Farra, Nael H.
• Is Part Of: IFAC-PapersOnLine. Volume 54:Issue 3(2021)
• Page Start: 566
• Page End: 571
• Publication Date: 2021
• Subjects: Demand Response -- Process Design -- Process Scheduling -- Process Control -- Supply Curves; Automatic control -- Periodicals; 629.805
• DOI: 10.1016/j.ifacol.2021.08.302
• Languages: English
• ISSNs: 2405-8963

Abstract

Abstract: In this work, a model-based analytical framework is proposed to evaluate the cost-effectiveness of process design alternatives with respect to their ability to participate (particibility) in Demand Response (DR) services (such as load shifting under the Day-Ahead market) through the use of supply curves. The supply curves relate available DR capability to the investment cost of process design, and are constructed based on a specific DR service. Using the California Independent System Operator (CAISO) wholesale electricity market as a reference, the proposed framework is implemented to demonstrate the cost-benefits of considering DR aspects at the design stage. As a motivating example, the developed framework is illustrated using a CSTR-storage model, for which supply curves are generated under different scenarios. A visualization is provided of the effect of the process design capacities on the DR capability, as well as the limitations on the load-shifting capacity of a given process design.