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Usage of Spot Market Prices Prediction for Demand Side Management

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21230%2F16%3A00300803" target="_blank" >RIV/68407700:21230/16:00300803 - isvavai.cz</a>

  • Alternative codes found

    RIV/68407700:21720/16:00300803

  • Result on the web

    <a href="http://dx.doi.org/10.1109/ECC.2016.7810447" target="_blank" >http://dx.doi.org/10.1109/ECC.2016.7810447</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.1109/ECC.2016.7810447" target="_blank" >10.1109/ECC.2016.7810447</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Usage of Spot Market Prices Prediction for Demand Side Management

  • Original language description

    This paper discusses the issue of demand side management, in particular control of the output power of heat pumps based on the spot market electricity price. The main presumptions are the ability of controlled HVAC system to shift energy load on the customer’s side and sufficient credibility of an energy price prognosis on the electricity provider’s side. The paper first presents current situation in the Czech republic with electricity tariffs legislations, which have to be followed so that the proposed method is applicable in practice. It is shown that for successful implementation, it is required to have an energy load model, model of the accumulation as well as parameters of the heat pump. For the energy load model, statistical black box methods are used, while the other models are based on first principles. The models are together with the prediction of spot market price used within model predictive control framework resulting in cost savings higher than 10%.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    BC - Theory and management systems

  • OECD FORD branch

Result continuities

  • Project

    <a href="/en/project/LO1605" target="_blank" >LO1605: University Centre for Energy Efficient Buildings – Sustainability Phase</a><br>

  • Continuities

    P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Others

  • Publication year

    2016

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    ECC16 Proceedings

  • ISBN

    978-1-5090-2591-6

  • ISSN

  • e-ISSN

  • Number of pages

    6

  • Pages from-to

    1165-1170

  • Publisher name

    Aalborg University

  • Place of publication

    Aalborg

  • Event location

    Aalborg

  • Event date

    Jun 29, 2016

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article

    000392695300194