Paper Info
Title
Optimal battery pricing under uncertain demand management
Abstract
The battery has been found to be valuable in the load shifting and reduction in energy systems. However, the additional benefits (cost reduction, reliability increment and so on) under emerging demand response programs are not clear for the potential battery customers. At the same time, the battery market is immature due to the rapid technology development and undetermined market. Therefore, the study of the potential battery market under the emerging incentive programs is important for both battery suppliers and customers. We first develop a generic model to co-optimize the heterogeneous customers' decisions in the battery investment and demand response program participation. The expected multi-objective benefits (cost, reliability and discomfort) of various customers are calculated under different load scenarios and demand response programs. The optimal battery selling prices are then computed under monopoly and oligopoly markets based on the derived aggregated demand-price curve of representative potential battery customers.
Year
DOI
Venue
2015
10.1109/ISGT.2015.7131825
2015 IEEE Power & Energy Society Innovative Smart Grid Technologies Conference (ISGT)
Keywords
Field
DocType
Battery,Pricing,Optimal Sizing,Demand Response Program,Load Uncertainty,Markets,Demand-Price Curve,Monopoly,Oligopoly,Multi-Objective
Load management,Oligopoly,Load shifting,Microeconomics,Demand response,Demand management,Monopoly,Battery (electricity),Industrial organization,Incentive program,Business
Conference
Citations 
PageRank 
References 
0
0.34
2
Authors
3
Name
Order
Citations
PageRank
Yanyi He1213.01
Ratnesh K. Sharma248353.37
Mohammad Chehreghani Bozchalui3323.49