Incentive-based demand response: Case study | Zendy

Victor Andres Hernandez Arias | Zendy; Luis Barragán | Zendy; Edwin Rivas Trujillo | Zendy

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Incentive-based demand response: Case study

Author(s) -

Victor Andres Hernandez Arias,

Luis Barragán,

Edwin Rivas Trujillo

Publication year - 2020

Publication title -

scientia et technica

Language(s) - English

Resource type - Journals

eISSN - 2344-7214

pISSN - 0122-1701

DOI - 10.22517/23447214.22701

Subject(s) - scarcity , remuneration , incentive , demand response , environmental economics , energy (signal processing) , demand management , business , energy management , economics , operations research , microeconomics , engineering , finance , electricity , statistics , mathematics , electrical engineering , macroeconomics

The present article discusses the development of a demand response system on a residential setting given that the proper management of energy resources by users can solve scarcity and energy reliability issues. The behavior of 1000 residential users is modelled through a peak control program based on economic and energy-related incentives. A demand response (DR) application is used where remuneration depends on scarcity pricing. The case study is shown including a mathematic algorithm and the application. The results obtained with the application exhibit a reduction of energy peaks, which translates into more efficient energy management which in turn is remunerated by scarcity pricing. It is concluded that the incentive-based DR program is viable both energy-wise and financially.

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