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
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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/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
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e-ISSN
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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