Deferrable loads in energy markets: Optimal consumption policies

Donatello Materassi, Saverio Bolognani, Mardavij Roozbehani, Munther A. Dahleh

Research output: Chapter in Book/Report/Conference proceedingConference contribution

2 Scopus citations

Abstract

The paper analyzes the optimal response of an individual consumer, with a deferrable demand for electricity, to exogenous stochastic prices. The main goal of the paper is (i) to introduce a model where many realistic features are taken into account (such as the presence of bounds on power consumption, the possibility of curtailment, and time correlation in the price process) (ii) determine an explicit and accurate mathematical description for the consumption policy of a rational consumer, and (iii) investigate the salient properties of these characterizations.

Original languageEnglish (US)
Title of host publication2014 American Control Conference, ACC 2014
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages741-746
Number of pages6
ISBN (Print)9781479932726
DOIs
StatePublished - Jan 1 2014
Externally publishedYes
Event2014 American Control Conference, ACC 2014 - Portland, OR, United States
Duration: Jun 4 2014Jun 6 2014

Publication series

NameProceedings of the American Control Conference
ISSN (Print)0743-1619

Other

Other2014 American Control Conference, ACC 2014
CountryUnited States
CityPortland, OR
Period6/4/146/6/14

Keywords

  • Decentralized control
  • Optimization
  • Power systems

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