Universities’ Implicit Demand Response Participation

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

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

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Abstract

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.
Original languageEnglish
Title of host publication2019 IEEE PES Innovative Smart Grid Technologies Europe (ISGT-Europe)
Number of pages5
PublisherIEEE
Publication date21. Nov 2019
ISBN (Print)978-1-5386-8219-7
ISBN (Electronic)978-1-5386-8218-0, 978-1-5386-8217-3
DOIs
Publication statusPublished - 21. Nov 2019
Event2019 IEEE PES Innovative smart grid technologies Europe - Bucharest, Romania, Bucharest, Romania
Duration: 29. Sep 20192. Oct 2019
http://sites.ieee.org/isgt-europe-2019/

Conference

Conference2019 IEEE PES Innovative smart grid technologies Europe
LocationBucharest, Romania
CountryRomania
CityBucharest
Period29/09/201902/10/2019
Internet address

Keywords

  • Demand response
  • energy saving
  • regulation markets
  • energy budget
  • and energy budget

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