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The role of correlated prices in demand response: a robust optimization approach

R.S. Ferreira, L.A. Barroso, M. M. Carvalho, R. Kelman, P. Lino, P. Valenzuela

IEEE PES International Conference on Innovative Smart Grid Technologies Latin America - ISGT LA 2011, Medellín (Colombia). 19-21 octubre 2011


Resumen:

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.


Palabras clave: Demand response, robust optimization, correlated price data, principal component analysis


DOI: DOI icon https://doi.org/10.1109/ISGT-LA.2011.6083191

Fecha de publicación: octubre 2011.



Cita:
Ferreira, R.S., Barroso, L.A., Carvalho, M. M., Kelman, R., Lino, P., Valenzuela, P., 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, Medellín (Colombia). 19-21 octubre 2011.

IIT-11-266C

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