Value of Demand Response: Quantities from Production Cost Modeling (Presentation)
Demand response (DR) resources present a potentially important source of grid flexibility particularly on future systems with high penetrations of variable wind and solar power generation. However, managed loads in grid models are limited by data availability and modeling complexity. This presentation focuses on the value of co-optimized DR resources to provide energy and ancillary services in a production cost model. There are significant variations in the availabilities of different types of DR resources, which affect both the operational savings as well as the revenue for each DR resource. The results presented include the system-wide avoided fuel and generator start-up costs as well as the composite revenue for each DR resource by energy and operating reserves. In addition, the revenue is characterized by the capacity, energy, and units of DR enabled.
- Publication Date:
- OSTI Identifier:
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- Resource Relation:
- Conference: Presented at the 2014 Peak Load Management Association (PLMA) Spring Conference, 15 - 16 April 2014; Related Information: NREL (National Renewable Energy Laboratory)
- Research Org:
- National Renewable Energy Laboratory (NREL), Golden, CO.
- Sponsoring Org:
- USDOE Office of Energy Efficiency and Renewable Energy Policy and Analysis and Evaluation
- Country of Publication:
- United States
- 24 POWER TRANSMISSION AND DISTRIBUTION; 29 ENERGY PLANNING, POLICY AND ECONOMY; 32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION GRID INTEGRATION; DEMAND RESPONSE; VALUE OF DEMAND RESPONSE; PRODUCTION COST MODELING
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