Universities’ Implicit Demand Response Participation

Zheng Ma, Bo Nørregaard Jørgensen, Mie Thomsen, Lewe Friedrichsen

Publikation: Bidrag til tidsskriftKonferenceartikelForskningpeer review

2 Downloads (Pure)

Resumé

Universities are large energy consumers and can
potentially benefit from the participation in the implicit demand
response. However, universities usually concern the security of
the energy budget and might have larger electricity bill if realtime
prices are frequently higher than fixed prices. Therefore,
this study investigates financial benefits and risks for a selected
university to participate in the implicit DR programs with two
scenarios: 1) purchasing electricity from the Nord Pool Spot
market directly, and 2) participating in the up-regulating
market via an aggregator. With the investigation of the yearly
hourly-based electricity consumption, the Nord Pool Spot
market prices and several interviews, the results show that the
financial benefit by purchasing electricity from the Nord Pool
Spot market directly instead of a fixed price is not significant if
the fixed electricity prices negotiated with the electricity
retailers are low. The universities can have significant revenue
by participating in the up-regulating market if the flexibility
capacity increases dramatically.
OriginalsprogEngelsk
TidsskriftIEEE PES ISGT Europe
StatusUdgivet - 2019
Begivenhed2019 IEEE PES Innovative smart grid technologies Europe - Bucharest, Romania, Bucharest, Rumænien
Varighed: 29. sep. 20192. okt. 2019
http://sites.ieee.org/isgt-europe-2019/

Konference

Konference2019 IEEE PES Innovative smart grid technologies Europe
LokationBucharest, Romania
LandRumænien
ByBucharest
Periode29/09/201902/10/2019
Internetadresse

Fingeraftryk

Electricity
Participation
Demand response
Purchasing
Fixed price
Electricity consumption
Electricity price
Energy
Energy security

Citer dette

@inproceedings{b5ea2af469ef426ba6a366c62bedd817,
title = "Universities’ Implicit Demand Response Participation",
abstract = "Universities are large energy consumers and canpotentially benefit from the participation in the implicit demandresponse. However, universities usually concern the security ofthe energy budget and might have larger electricity bill if realtimeprices are frequently higher than fixed prices. Therefore,this study investigates financial benefits and risks for a selecteduniversity to participate in the implicit DR programs with twoscenarios: 1) purchasing electricity from the Nord Pool Spotmarket directly, and 2) participating in the up-regulatingmarket via an aggregator. With the investigation of the yearlyhourly-based electricity consumption, the Nord Pool Spotmarket prices and several interviews, the results show that thefinancial benefit by purchasing electricity from the Nord PoolSpot market directly instead of a fixed price is not significant ifthe fixed electricity prices negotiated with the electricityretailers are low. The universities can have significant revenueby participating in the up-regulating market if the flexibilitycapacity increases dramatically.",
keywords = "Demand response, energy saving, regulation markets, energy budget",
author = "Zheng Ma and J{\o}rgensen, {Bo N{\o}rregaard} and Mie Thomsen and Lewe Friedrichsen",
year = "2019",
language = "English",
journal = "IEEE PES ISGT Europe",
publisher = "IEEE",

}

Universities’ Implicit Demand Response Participation. / Ma, Zheng; Jørgensen, Bo Nørregaard; Thomsen, Mie; Friedrichsen, Lewe.

I: IEEE PES ISGT Europe, 2019.

Publikation: Bidrag til tidsskriftKonferenceartikelForskningpeer review

TY - GEN

T1 - Universities’ Implicit Demand Response Participation

AU - Ma, Zheng

AU - Jørgensen, Bo Nørregaard

AU - Thomsen, Mie

AU - Friedrichsen, Lewe

PY - 2019

Y1 - 2019

N2 - Universities are large energy consumers and canpotentially benefit from the participation in the implicit demandresponse. However, universities usually concern the security ofthe energy budget and might have larger electricity bill if realtimeprices are frequently higher than fixed prices. Therefore,this study investigates financial benefits and risks for a selecteduniversity to participate in the implicit DR programs with twoscenarios: 1) purchasing electricity from the Nord Pool Spotmarket directly, and 2) participating in the up-regulatingmarket via an aggregator. With the investigation of the yearlyhourly-based electricity consumption, the Nord Pool Spotmarket prices and several interviews, the results show that thefinancial benefit by purchasing electricity from the Nord PoolSpot market directly instead of a fixed price is not significant ifthe fixed electricity prices negotiated with the electricityretailers are low. The universities can have significant revenueby participating in the up-regulating market if the flexibilitycapacity increases dramatically.

AB - Universities are large energy consumers and canpotentially benefit from the participation in the implicit demandresponse. However, universities usually concern the security ofthe energy budget and might have larger electricity bill if realtimeprices are frequently higher than fixed prices. Therefore,this study investigates financial benefits and risks for a selecteduniversity to participate in the implicit DR programs with twoscenarios: 1) purchasing electricity from the Nord Pool Spotmarket directly, and 2) participating in the up-regulatingmarket via an aggregator. With the investigation of the yearlyhourly-based electricity consumption, the Nord Pool Spotmarket prices and several interviews, the results show that thefinancial benefit by purchasing electricity from the Nord PoolSpot market directly instead of a fixed price is not significant ifthe fixed electricity prices negotiated with the electricityretailers are low. The universities can have significant revenueby participating in the up-regulating market if the flexibilitycapacity increases dramatically.

KW - Demand response

KW - energy saving

KW - regulation markets

KW - energy budget

M3 - Conference article

JO - IEEE PES ISGT Europe

JF - IEEE PES ISGT Europe

ER -