TY - GEN
T1 - The impact of renewable energy resources on demand response management in a smart grid
AU - Zhang, Junwei
AU - Gursoy, M. Cenk
PY - 2012
Y1 - 2012
N2 - In this paper, demand response management is studied in the presence of volatile renewable energy resources. The renewable energy production is modeled as a stochastic process. In this setting, consumer utility, cost of energy production, cost of energy shortfall due to the randomness in renewable energy generation are taken into account, and the maximization of the total social welfare over all possible renewable energy production levels and power consumption levels is pursued. The impact of the degree of uncertainty in renewable energy production on total welfare and the level of scheduled supplies is analyzed.
AB - In this paper, demand response management is studied in the presence of volatile renewable energy resources. The renewable energy production is modeled as a stochastic process. In this setting, consumer utility, cost of energy production, cost of energy shortfall due to the randomness in renewable energy generation are taken into account, and the maximization of the total social welfare over all possible renewable energy production levels and power consumption levels is pursued. The impact of the degree of uncertainty in renewable energy production on total welfare and the level of scheduled supplies is analyzed.
UR - http://www.scopus.com/inward/record.url?scp=84868029510&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84868029510&partnerID=8YFLogxK
U2 - 10.1109/SPAWC.2012.6292953
DO - 10.1109/SPAWC.2012.6292953
M3 - Conference contribution
AN - SCOPUS:84868029510
SN - 9781467309714
T3 - IEEE Workshop on Signal Processing Advances in Wireless Communications, SPAWC
SP - 475
EP - 479
BT - 2012 IEEE 13th International Workshop on Signal Processing Advances in Wireless Communications, SPAWC 2012
T2 - 2012 IEEE 13th International Workshop on Signal Processing Advances in Wireless Communications, SPAWC 2012
Y2 - 17 June 2012 through 20 June 2012
ER -