IEEE PES International Conference on Innovative Smart Grid Technologies Latin America - ISGT LA 2011, Medellin (Colombia). 19-21 October 2011
Summary:
The use of robust optimization techniques for scheduling consumption in a demand response context is analyzed in this paper, with aid of results from a particular case study, in which energy prices of different time periods are highly correlated. Results indicate that it is of great importance to employ a solution approach that correctly models the correlation among prices of different periods over which consumption is to be scheduled. One such approach is proposed and investigated in this paper, with positive results.
Keywords: Demand response, robust optimization, correlated price data, principal component analysis
DOI: 
https://doi.org/10.1109/ISGT-LA.2011.6083191
Published in ISGT LA 2011, pp: 1-7, ISBN: 978-1-4577-1802-1
Publication date: 2011-10-19.
Citation:
R.S. Ferreira, L.A. Barroso, M. R. Carvalho, R. Kelman, P.R. Lino, P. Valenzuela, The role of correlated prices in demand response: a robust optimization approach, IEEE PES International Conference on Innovative Smart Grid Technologies Latin America - ISGT LA 2011, Medellin (Colombia). 19-21 October 2011. In: ISGT LA 2011: Conference proceedings, ISBN: 978-1-4577-1802-1
