Abstract
This paper investigates demand response implementation in Midwest ISO from the perspective of large energy consumers. Acknowledging uncertain electricity prices, we develop a dynamic programming- based model using real-options theory to identify a profitability threshold for demand response (DR) schemes. Our model is tailored to energy-intensive industries, and the cement industry is used as illustrative example in the case study. Simulation results demonstrate season-dependent profitability threshold for a representative cement manufacturing plant.
| Original language | English (US) |
|---|---|
| Title of host publication | Proceedings of the IEEE Power Engineering Society Transmission and Distribution Conference |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| ISBN (Electronic) | 9781479936557 |
| State | Published - Jul 23 2014 |
| Event | 2014 IEEE/PES Transmission and Distribution Conference and Exposition, T and D 2014 - Chicago, United States Duration: Apr 14 2014 → Apr 17 2014 |
Publication series
| Name | Proceedings of the IEEE Power Engineering Society Transmission and Distribution Conference |
|---|---|
| ISSN (Print) | 2160-8555 |
| ISSN (Electronic) | 2160-8563 |
Other
| Other | 2014 IEEE/PES Transmission and Distribution Conference and Exposition, T and D 2014 |
|---|---|
| Country/Territory | United States |
| City | Chicago |
| Period | 4/14/14 → 4/17/14 |
Bibliographical note
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