Abstract
Demand response (DR) can be used to improve the efficiency of electricity markets and increase the reliability of power systems. As more utilities attempt to reduce the purchasing costs by implementing DR programs strategically, there is an increasing need for studies of how to allocate the reduced purchasing costs among DR program participants. The rebates or incentives can be given to DR program participants in proportion to the participants' contributions to the reduced purchasing costs. This paper presents Shapley Value-based method to determine the DR program participants' contributions, to the reduced purchasing costs. A numerical example is presented to validate the effectiveness of the proposed method.
| Original language | English |
|---|---|
| Pages (from-to) | 2354-2358 |
| Number of pages | 5 |
| Journal | Transactions of the Korean Institute of Electrical Engineers |
| Volume | 58 |
| Issue number | 12 |
| Publication status | Published - 2009 Dec 1 |
Fingerprint
Keywords
- Demand response
- Electricity purchase cost
- Load shifting
- Shapley value
ASJC Scopus subject areas
- Electrical and Electronic Engineering
Cite this
Shapley value-based method for calculating the contribution of retail customers participating in demand response program. / Kim, Ji Hui; Wi, Young Min; Joo, Sung-Kwan.
In: Transactions of the Korean Institute of Electrical Engineers, Vol. 58, No. 12, 01.12.2009, p. 2354-2358.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Shapley value-based method for calculating the contribution of retail customers participating in demand response program
AU - Kim, Ji Hui
AU - Wi, Young Min
AU - Joo, Sung-Kwan
PY - 2009/12/1
Y1 - 2009/12/1
N2 - Demand response (DR) can be used to improve the efficiency of electricity markets and increase the reliability of power systems. As more utilities attempt to reduce the purchasing costs by implementing DR programs strategically, there is an increasing need for studies of how to allocate the reduced purchasing costs among DR program participants. The rebates or incentives can be given to DR program participants in proportion to the participants' contributions to the reduced purchasing costs. This paper presents Shapley Value-based method to determine the DR program participants' contributions, to the reduced purchasing costs. A numerical example is presented to validate the effectiveness of the proposed method.
AB - Demand response (DR) can be used to improve the efficiency of electricity markets and increase the reliability of power systems. As more utilities attempt to reduce the purchasing costs by implementing DR programs strategically, there is an increasing need for studies of how to allocate the reduced purchasing costs among DR program participants. The rebates or incentives can be given to DR program participants in proportion to the participants' contributions to the reduced purchasing costs. This paper presents Shapley Value-based method to determine the DR program participants' contributions, to the reduced purchasing costs. A numerical example is presented to validate the effectiveness of the proposed method.
KW - Demand response
KW - Electricity purchase cost
KW - Load shifting
KW - Shapley value
UR - http://www.scopus.com/inward/record.url?scp=73249135160&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=73249135160&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:73249135160
VL - 58
SP - 2354
EP - 2358
JO - Transactions of the Korean Institute of Electrical Engineers
JF - Transactions of the Korean Institute of Electrical Engineers
SN - 1975-8359
IS - 12
ER -