Demand response for industrial-scale energy users in midwest ISO: A dynamic programming approach for curtailing energy use

Derya Eryilmaz, Tim Smith, Sairaj Dhople, Elizabeth Wilson, Jennifer Schmitt

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

5 Scopus citations

Abstract

This paper investigates demand response implementation in Midwest ISO from the perspective of large energy consumers. Acknowledging uncertain electricity prices, we develop a dynamic programming- based model using real-options theory to identify a profitability threshold for demand response (DR) schemes. Our model is tailored to energy-intensive industries, and the cement industry is used as illustrative example in the case study. Simulation results demonstrate season-dependent profitability threshold for a representative cement manufacturing plant.

Original languageEnglish (US)
Title of host publicationProceedings of the IEEE Power Engineering Society Transmission and Distribution Conference
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781479936557
StatePublished - Jul 23 2014
Event2014 IEEE/PES Transmission and Distribution Conference and Exposition, T and D 2014 - Chicago, United States
Duration: Apr 14 2014Apr 17 2014

Publication series

NameProceedings of the IEEE Power Engineering Society Transmission and Distribution Conference
ISSN (Print)2160-8555
ISSN (Electronic)2160-8563

Other

Other2014 IEEE/PES Transmission and Distribution Conference and Exposition, T and D 2014
CountryUnited States
CityChicago
Period4/14/144/17/14

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    Eryilmaz, D., Smith, T., Dhople, S., Wilson, E., & Schmitt, J. (2014). Demand response for industrial-scale energy users in midwest ISO: A dynamic programming approach for curtailing energy use. In Proceedings of the IEEE Power Engineering Society Transmission and Distribution Conference [6863332] (Proceedings of the IEEE Power Engineering Society Transmission and Distribution Conference). Institute of Electrical and Electronics Engineers Inc..