Electricity market model for demand response stability analysis based on structural approach to electricity price modelling
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24220%2F15%3A00003138" target="_blank" >RIV/46747885:24220/15:00003138 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1109/PTC.2015.7232510" target="_blank" >http://dx.doi.org/10.1109/PTC.2015.7232510</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1109/PTC.2015.7232510" target="_blank" >10.1109/PTC.2015.7232510</a>
Alternative languages
Result language
angličtina
Original language name
Electricity market model for demand response stability analysis based on structural approach to electricity price modelling
Original language description
Demand response based on real time pricing introduces a new feedback loop between consumers' behavior and short term electricity markets. This feedback raises some concerns due to its potential destabilizing impact on electricity markets. Any analysis of this impact requires electricity market model. In this paper, several market models used for this purpose in the literature are analyzed and it is shown that the disagreement between the behavior of these models and reality is strong. For this reason an alternative model is proposed based on the structural approach to the electricity price modelling. This model is shown to be consistent with the real market data. It can be used to analyze the potential destabilizing impact of real time pricing in a more realistic way..
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
BC - Theory and management systems
OECD FORD branch
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Result continuities
Project
<a href="/en/project/TE01020036" target="_blank" >TE01020036: Advanced technologies for heat and electricity production</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of IEEE PowerTech 2015
ISBN
9781479976935
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
1-6
Publisher name
Institute of Electrical and Electronics Engineers Inc. IEEE
Place of publication
Eindhoven
Event location
Eindhoven, Netherlands
Event date
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Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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