Monetary impact of dynamic pricing and demand response on households: The winners and losers

Matti Mononen; Jukka Saarenpää; Mikko Kolehmainen; Harri Niska; Antti Rautiainen

doi:10.1109/ISGT.2015.7131818

Monetary impact of dynamic pricing and demand response on households: The winners and losers

Matti Mononen
, Jukka Saarenpää
, Mikko Kolehmainen
, Harri Niska
, Antti Rautiainen

Tutkimustuotos: Konferenssiartikkeli › Tieteellinen › vertaisarvioitu

2 Sitaatiot (Scopus)

Abstrakti

Smart grid paradigm is hailed as the Holy Grail to manage the future electricity consumption in a sustainable manner, and demand response (DR) is a fundamental component in the realization of smart grids. However, DR requires active household participation and in the previous studies monetary benefit is identified as the main motivation for the households to participate. In this paper, we analyze DR on households in terms of the monetary impact. Smart meter data together with data about properties of households are used from 669 households. Dynamic pricing schema and DR model are proposed and utilized in simulations. Self-Organizing Maps (SOM) are applied to identify the household segments that are monetarily affected in the simulations.

Alkuperäiskieli	Englanti
Otsikko	2015 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2015
Kustantaja	IEEE
ISBN (painettu)	9781479917853
DOI - pysyväislinkit	https://doi.org/10.1109/ISGT.2015.7131818
Tila	Julkaistu - 23 kesäk. 2015
OKM-julkaisutyyppi	A4 Artikkeli konferenssijulkaisussa
Tapahtuma	IEEE PES Conference on Innovative Smart Grid Technologies - Kesto: 1 tammik. 1900 → …

Conference

Conference	IEEE PES Conference on Innovative Smart Grid Technologies
Ajanjakso	1/01/00 → …

YK:n kestävän kehityksen tavoitteet

Tämä tuotos edistää seuraavia kestävän kehityksen tavoitteita:

SDG 7 – Edullinen ja puhdas energia

Julkaisufoorumi-taso

Jufo-taso 1

!!ASJC Scopus subject areas

Computer Networks and Communications
Electrical and Electronic Engineering

Pääsy asiakirjaan

10.1109/ISGT.2015.7131818

Siteeraa tätä

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title = "Monetary impact of dynamic pricing and demand response on households: The winners and losers",

abstract = "Smart grid paradigm is hailed as the Holy Grail to manage the future electricity consumption in a sustainable manner, and demand response (DR) is a fundamental component in the realization of smart grids. However, DR requires active household participation and in the previous studies monetary benefit is identified as the main motivation for the households to participate. In this paper, we analyze DR on households in terms of the monetary impact. Smart meter data together with data about properties of households are used from 669 households. Dynamic pricing schema and DR model are proposed and utilized in simulations. Self-Organizing Maps (SOM) are applied to identify the household segments that are monetarily affected in the simulations.",

keywords = "demand response, dynamic pricing, households, monetary impact, simulation",

author = "Matti Mononen and Jukka Saarenp{\"a}{\"a} and Mikko Kolehmainen and Harri Niska and Antti Rautiainen",

year = "2015",

month = jun,

day = "23",

doi = "10.1109/ISGT.2015.7131818",

language = "English",

isbn = "9781479917853",

booktitle = "2015 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2015",

publisher = "IEEE",

address = "United States",

note = "IEEE PES Conference on Innovative Smart Grid Technologies ; Conference date: 01-01-1900",

}

Mononen, M, Saarenpää, J, Kolehmainen, M, Niska, H & Rautiainen, A 2015, Monetary impact of dynamic pricing and demand response on households: The winners and losers. julkaisussa 2015 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2015., 7131818, IEEE, IEEE PES Conference on Innovative Smart Grid Technologies, 1/01/00. https://doi.org/10.1109/ISGT.2015.7131818

TY - GEN

T1 - Monetary impact of dynamic pricing and demand response on households

T2 - IEEE PES Conference on Innovative Smart Grid Technologies

AU - Mononen, Matti

AU - Saarenpää, Jukka

AU - Kolehmainen, Mikko

AU - Niska, Harri

AU - Rautiainen, Antti

PY - 2015/6/23

Y1 - 2015/6/23

N2 - Smart grid paradigm is hailed as the Holy Grail to manage the future electricity consumption in a sustainable manner, and demand response (DR) is a fundamental component in the realization of smart grids. However, DR requires active household participation and in the previous studies monetary benefit is identified as the main motivation for the households to participate. In this paper, we analyze DR on households in terms of the monetary impact. Smart meter data together with data about properties of households are used from 669 households. Dynamic pricing schema and DR model are proposed and utilized in simulations. Self-Organizing Maps (SOM) are applied to identify the household segments that are monetarily affected in the simulations.

AB - Smart grid paradigm is hailed as the Holy Grail to manage the future electricity consumption in a sustainable manner, and demand response (DR) is a fundamental component in the realization of smart grids. However, DR requires active household participation and in the previous studies monetary benefit is identified as the main motivation for the households to participate. In this paper, we analyze DR on households in terms of the monetary impact. Smart meter data together with data about properties of households are used from 669 households. Dynamic pricing schema and DR model are proposed and utilized in simulations. Self-Organizing Maps (SOM) are applied to identify the household segments that are monetarily affected in the simulations.

KW - demand response

KW - dynamic pricing

KW - households

KW - monetary impact

KW - simulation

U2 - 10.1109/ISGT.2015.7131818

DO - 10.1109/ISGT.2015.7131818

M3 - Conference contribution

AN - SCOPUS:84939123311

SN - 9781479917853

BT - 2015 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2015

PB - IEEE

Y2 - 1 January 1900

ER -

Monetary impact of dynamic pricing and demand response on households: The winners and losers

Abstrakti

Conference

YK:n kestävän kehityksen tavoitteet

Julkaisufoorumi-taso

!!ASJC Scopus subject areas

Pääsy asiakirjaan

Sormenjälki

Siteeraa tätä