Open AccessIncentive-based demand response: Case study
Author(s) -
Victor Andres Hernandez Arias,
Luis Alejandro Arias-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.