Effects on Electricity Markets of a Demand Response Model Based on Day Ahead Real Time Prices: Application to the Colombian Case

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dc.citation.journalTitleIeee Latin America Transactionseng
dc.contributor.authorRivera, Juan Carlos
dc.contributor.authorParamo, Oscar Alejandro
dc.contributor.authorLopez, Gustavo Adolfo
dc.contributor.departmentUniversidad EAFIT. Escuela de Cienciasspa
dc.contributor.researchgroupModelado Matemáticospa
dc.date.accessioned2021-04-12T14:07:15Z
dc.date.available2021-04-12T14:07:15Z
dc.date.issued2018-05-01
dc.description.abstractThis paper presents an alternative methodology, based on a cost optimization model, for evaluating some effects of the implementation of an alternative Demand Response (RD) program based on Day Ahead Real-Time Pricing (DA-RTP) in electricity markets. The proposed methodology has three special characteristics: the first one is to assume that users can modify their consumption patterns without altering the quantity demanded daily; second one, users flexibility to shift demand between hours depend of the kind of user and the time (peak vs off peak hours); finally, consumers have limited capability to shift demand outside of certain periods withing the day. The model is tested with a simulation exercise for the Colombian electricity market. The results show a significant improvement in system and market performance, including consumer savings, a flattened load curve, and reduced operational risk in the system. © 2003-2012 IEEE.eng
dc.identifierhttps://eafit.fundanetsuite.com/Publicaciones/ProdCientif/PublicacionFrw.aspx?id=8148
dc.identifier.doi10.1109/TLA.2018.8408436
dc.identifier.issn15480992
dc.identifier.otherWOS;000438094400018
dc.identifier.otherSCOPUS;2-s2.0-85049780130
dc.identifier.urihttp://hdl.handle.net/10784/27797
dc.language.isospaeng
dc.publisherIEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85049780130&doi=10.1109%2fTLA.2018.8408436&partnerID=40&md5=4765cc74f30987ecd23b31d54905889d
dc.rightshttps://v2.sherpa.ac.uk/id/publication/issn/1548-0992
dc.sourceIeee Latin America Transactions
dc.subject.keywordCommerceeng
dc.subject.keywordCostseng
dc.subject.keywordElectric power transmission networkseng
dc.subject.keywordMathematical programmingeng
dc.subject.keywordSmart power gridseng
dc.subject.keywordConsumption patternseng
dc.subject.keywordDay-ahead real-time pricingeng
dc.subject.keywordDemand responseeng
dc.subject.keywordMarket performanceeng
dc.subject.keywordOperational riskseng
dc.subject.keywordReal time pricingeng
dc.subject.keywordSimulation exerciseeng
dc.subject.keywordSmart grideng
dc.subject.keywordPower marketseng
dc.titleEffects on Electricity Markets of a Demand Response Model Based on Day Ahead Real Time Prices: Application to the Colombian Caseeng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.typepublishedVersioneng
dc.type.localArtículospa

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