The Optimal Trigger Point of Economic Demand Response Depending On Price Elasticity of Demand
In this paper, primary factors determining trigger point are researched and the relation between the factors and trigger point is calculated. One of the factors is the demand-price elasticity of demand curtailments since trigger point means beginning point that customers are willing to reduce their loads. The relation between the demand-price elasticity and the trigger point of DR will be identified and analyzed. Also Price Regulation is showed in accordance with them as an index of demand can be reduced by consumers participate in demand response market. Any other factors are social welfare gain and generators’ gain, individual benefits given to non priceresponsive and price-responsive consumers because it determines incentive payments.
demand response economic demand response the trigger point power system economics
Hyung-Geun Kwag Jin-O Kim
Department of Electrical Engineering, Hanyang University, Seoul, Korea
国际会议
The International Conference on Electrical Engineering 2009(2009 电机工程国际会议)
沈阳
英文
1-6
2009-07-05（万方平台首次上网日期，不代表论文的发表时间）