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    Defining expected cost for the air conditioning to avoid a price spike of electricity market under DSR model

    Access Status
    Fulltext not available
    Authors
    Marwan, M.
    Ledwich, G.
    Ghosh, Arindam
    Date
    2013
    Type
    Conference Paper
    
    Metadata
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    Citation
    Marwan, M. and Ledwich, G. and Ghosh, A. 2013. Defining expected cost for the air conditioning to avoid a price spike of electricity market under DSR model, in Professor Michael Negnevitsky (ed), Power Engineering Conference, Australasian Universities, 2013 (AUPEC 2013), Sep 29 2013. Hobart Tasmania: Institute of Electrical and Electronics Engineers ( IEEE ).
    Source Title
    AUPEC 2013 Australasian Universities Power Engineering Conference, AUPEC 2013
    Source Conference
    Power Engineering Conference, Australasian Universities, 2013 (AUPEC 2013)
    ISBN
    978-1-86295-913-2
    URI
    http://hdl.handle.net/20.500.11937/5367
    Collection
    • Curtin Research Publications
    Abstract

    This work presents a demand side response model (DSR) which assists small electricity consumers, through an aggregator, exposed to the market price to proactively mitigate price and peak impact on the electrical system. The proposed model allows consumers to manage air-conditioning when as a function of possible price spikes. The main contribution of this research is to demonstrate how consumers can minimise the total expected cost by optimising air-conditioning to account for occurrences of a price spike in the electricity market. This model investigates how pre-cooling method can be used to minimise energy costs when there is a substantial risk of an electricity price spike. The model was tested with Queensland electricity market data from the Australian Energy Market Operator and Brisbane temperature data from the Bureau of Statistics during hot days on weekdays in the period 2011 to 2012. © 2013 Australasian Committee for Power Engineering (ACPE).

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