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Shapley Value Estimation for Compensation of Participants in Demand Response Programs
Economics power system economics
2015/8/12
Designing fair compensation mechanisms for demand response (DR) is challenging. This paper models the problem in a game theoretic setting and designs a payment distribution mechanism based on the Shap...
When It Comes to Demand Response, Is FERC Its Own Worst Enemy?
Worst Enemy Demand Response
2015/7/31
There is a significant risk of creating conditions that will
crowd out true price response by focusing too much on
demand response programs with unverifiable baselines
and reliability-b...
Symmetric Treatment of Load and Generation: A Necessary Condition for Demand Response to Benefit Wholesale Market Efficiency and Manage Market Efficiency and Manage Intermittency
Load and Generation Manage Intermittency
2015/7/31
Outline of Talk • Dynamic Pricing
versus
Time-of-Use Pricing
• Symmetric treatment of load and generation
• A necessary condition for realizing
the benefits of dynamic pricin...
Evolution and current status of demand response (DR) in electricity markets: Insights from PJM and NYISO
Electricity market Market rules Economy Regulatory agencies volatility
2014/11/27
In electricity markets, traditional demand side management programs are slowly getting replaced with demand response (DR) programs. These programs have evolved since the early pilot programs launched ...