Managing time-substitutable electricity usage using dynamic controls

Ghosh, Soumyadip; Hosking, Jonathan R.; Natarajan, Ramesh; Subramanian, Shivaram; Zhang, Xiaoxuan

Title: Managing time-substitutable electricity usage using dynamic controls

Patent · Tue Oct 27 00:00:00 EDT 2020

OSTI ID:1771560

Ghosh, Soumyadip; Hosking, Jonathan R.; Natarajan, Ramesh; Subramanian, Shivaram; Zhang, Xiaoxuan

A predictive-control approach allows an electricity provider to monitor and proactively manage peak and off-peak residential intra-day electricity usage in an emerging smart energy grid using time-dependent dynamic pricing incentives. The daily load is modeled as time-shifted, but cost-differentiated and substitutable, copies of the continuously-consumed electricity resource, and a consumer-choice prediction model is constructed to forecast the corresponding intra-day shares of total daily load according to this model. This is embedded within an optimization framework for managing the daily electricity usage. A series of transformations are employed, including the reformulation-linearization technique (RLT) to obtain a Mixed-Integer Programming (MIP) model representation of the resulting nonlinear optimization problem. In addition, various regulatory and pricing constraints are incorporated in conjunction with the specified profit and capacity utilization objectives.

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Research Organization:: International Business Machines Corp., Armonk, NY (United States)

Sponsoring Organization:: USDOE

DOE Contract Number:: OE0000190

Assignee:: International Business Machines Corporation (Armonk, NY)

Patent Number(s):: 10,816,942

Application Number:: 15/352,054

OSTI ID:: 1771560

Resource Relation:: Patent File Date: 11/15/2016

Country of Publication:: United States

Language:: English

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