Research on Demand Side Response System of Electricity Price Under Electricity Market Incentive Mechanism

  • Fu Xianyu Department of Business Administration, Sichuan Changjiang Vocational College, Chengdu, China
  • Zhou Hongmei School of Public Administration, Sichuan University, Chengdu, China
  • Qi-jie Jiang Business School, Chengdu University, Chengdu, China
  • Ke Fan Department of Business Administration, Sichuan Changjiang Vocational College, Chengdu, China
Keywords: Electricity market, incentive mechanism, incentive compensation, expected outage loss, electricity price demand-side response

Abstract

Aiming at the traditional day-ahead dispatching scheme of power generation, the paper proposes a power system security optimization dispatching model that considers the demand response of electricity prices under the electricity market incentive mechanism. Based on the peak and valley time-of-use electricity price, the paper establishes an incentive compensation mechanism to encourage users to be active. Participating in demand-side resource scheduling makes the effect of “peak shaving and valley filling” more pronounced. Simultaneously, to rationally configure the reserve capacity of grid operation, the system incorporates the expected power outage loss into the proposed model to ensure the grid operation safety. The analysis of calculation examples based on IEEE24 nodes shows that the power optimal dispatch model proposed in the paper considering demand response and expected outage loss can reduce the operating cost of the power grid under the premise of ensuring a certain level of reliability and realize the economy of the power system in the market environment and safe operation.

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Author Biographies

Fu Xianyu, Department of Business Administration, Sichuan Changjiang Vocational College, Chengdu, China

Fu Xianyu is now a lecturer in the department of Business Administration in Sichuan Changjiang Vocational College and also a post-graduate student in Sichuan University Economic School. She got the bachelor’s degree in Sichuan Normal University, majoring in English. Now her research interests mainly focus on consumer behaviours. She has been serving as a reviewer for many highly respected journals.

Zhou Hongmei, School of Public Administration, Sichuan University, Chengdu, China

Zhou Hongmei got her bachelor’s degree in the School of Public Administration in Sichuan University, and now she is a post-graduate student, majoring in public management. Her research interests include city sustainable development and energy development.

Qi-jie Jiang, Business School, Chengdu University, Chengdu, China

Qi-jie Jiang got his bachelor’s degree and master’s degree in Sichuan University Economic School and obtained his Ph.D. degree in Sichuan University Business School, majoring in strategic management. He visited the University of Nottingham as an exchange student from 2017 to 2018, majoring in marketing. Now he is an associate professor in Chengdu University Business School and his research areas include social tourism, marketing, and smart tourism.

Ke Fan, Department of Business Administration, Sichuan Changjiang Vocational College, Chengdu, China

Ke Fan is an associate professor in Sichuan Changjiang Vocational College since 2015. He obtained his both bachelor’s degree and master’s degree in the School of Public Administration in Sichuan University. His research interests include city management, energy development and sustainable development. He has been serving as a reviewer for many highly respected journals.

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Published
2021-05-28
Section
Renewable Power and Energy Systems