Open AccessAn Analysis on Power Demand Reduction Effects of Demand Response Systems in the Smart Grid Environment in Korea
Author(s) -
Jong-Ryul Won,
KyungBin Song
Publication year - 2013
Publication title -
journal of electrical engineering and technology/journal of electrical engineering and technology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.226
H-Index - 27
eISSN - 2093-7423
pISSN - 1975-0102
DOI - 10.5370/jeet.2013.8.6.1296
Subject(s) - demand response , smart grid , bidding , demand management , peak demand , load management , incentive , electric power system , demand reduction , dynamic demand , dynamic pricing , market demand schedule , power demand , on demand , environmental economics , economics , power (physics) , electricity , microeconomics , engineering , power consumption , commerce , electrical engineering , medicine , physics , pathology , quantum mechanics , macroeconomics
This study performed an analysis on power demand reduction effects exhibited by demand response programs, which are advanced from traditional demand-side management programs, in the smart grid environment. The target demand response systems for the analysis included incentive-based load control systems (2 month-ahead demand control system, 1~5 days ahead demand control system, and demand bidding system), which are currently implemented in Korea, and price-based demand response systems (mainly critical peak pricing system or real-time pricing system, currently not implemented, but representative demand response systems). Firstly, the status of the above systems at home and abroad was briefly examined. Next, energy saving effects and peak demand reduction effects of implementing the critical peak or real-time pricing systems, which are price-based demand response systems, and the existing incentive-based load control systems were estimated.