Decisions on Energy Demand Response Option Contracts in Smart Grids Based on Activity-Based Costing and Stochastic Programming
作者： Seog-Chan Oh , Alfred Hildreth
DOI: 10.3390/EN6010425
关键词:
摘要: Smart grids enable a two-way energy demand response capability through which utility company offers its industrial customers various call options for load curtailment. If customer has the to accurately determine whether accept an offer or not, then in case of accepting offer, can earn both option premium participate, and strike price curtailments if requested. However, today most manufacturing companies lack make correct contract decisions given offers. This paper proposes novel decision model based on activity-based costing (ABC) stochastic programming, developed evaluate impact as not curtailment offer. The proposed specifically targets state-transition flexible Quality-of-Service (QoS) use activities reduce peak rate. An illustrative example with under call-option scenario is presented. As shown from results, be used emerging smart grid opportunities provide competitive advantage industry.
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