Abstract
Load control on the consumer side is termed as demand response. Demand response program (DRP) is emerging as a powerful tool for optimal load management in smart grid environment. In this paper, price-based DRP is applied to the system through the management of electricity prices. This management is based on demand elasticity, and system is expected to react enabling to accomplish the required load reduction. Here, fixed value and different values of elasticity are considered, and the reduction in load and price is discussed for both cases. The effect of demand response in electricity prices with fixed and various elasticities is highlighted using a simulated case study on IEEE 30 bus system.
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Arul Doss Adaikalam, I., Babulal, C.K. Demand Response Program with Different Elasticities. Iran J Sci Technol Trans Electr Eng 44, 1165–1171 (2020). https://doi.org/10.1007/s40998-019-00299-z
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DOI: https://doi.org/10.1007/s40998-019-00299-z