publication . Bachelor thesis . 2014

The business value of demand response for balance responsible parties

Jonsson, Mattias;
Open Access English
  • Published: 01 Jan 2014
  • Publisher: Uppsala universitet, Elektricitetslära
  • Country: Norway
By using IT-solutions, the flexibility on the demand side in the electrical systems could be increased. This is called demand response and is part of the larger concept called smart grids. Previous work in this area has concerned the utilization of demand response by grid owners. In this thesis the focus will instead be shifted towards the electrical companies that have balance responsibility, and how they could use demand response in order to make profits. By investigating electrical appliances in hourly measured households, the business value from decreasing electrical companies’ power imbalances has been quantified. By an iterative simulation scheme an optima...
free text keywords: demand response, balance power markets, smart grid, flexible electricity consumption
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