Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Energyarrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Energy
Article . 2015 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
https://dx.doi.org/10.24406/pu...
Other literature type . 2015
Data sources: Datacite
versions View all 2 versions
addClaim

This Research product is the result of merged Research products in OpenAIRE.

You have already added 0 works in your ORCID record related to the merged Research product.

Flexible electricity tariffs: Power and energy price signals designed for a smarter grid

Authors: Michael Schreiber; Martin E. Wainstein; Patrick Hochloff; Roger Dargaville;

Flexible electricity tariffs: Power and energy price signals designed for a smarter grid

Abstract

Abstract Renewable energy is increasingly replacing carbon-based technologies worldwide in electricity networks. This increases the challenge of balancing intermittent generation with demand fluctuation. DR (Demand response) is recognized as a way to address this by adapting consumption to supply patterns. By using DR technology, grid withdrawal of DSM (demand side management) devices such as heat pumps, electric vehicles or stationary batteries can be temporally shifted. Yet, the development of an accurate control and market design is still one of the greatest remaining DR challenges. We present a range of flexible price signals that can address this by acting as effective demand control mechanisms. The different tariffs consist of combinations of flexible energy and power price signals. Their impact on the unit commitment of automatable DSM devices is tested for a set of German households. The financial outcome for the respective stakeholders are quantified. Our results suggest flexible power pricing can reduce overall demand peaks as well as limit simultaneous grid withdrawals caused by real time pricing incentives. Furthermore, we prove that inefficient designs of flexible power pricing can lead to undesired bidding of automatable devices. We propose a specific tariff design that shows robust network performance and reduces energy procurement costs.

Related Organizations
  • BIP!
    Impact byBIP!
    citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    53
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
Powered by OpenAIRE graph
Found an issue? Give us feedback
citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
53
Top 10%
Top 10%
Top 10%