An Incentive-Based Implementation of Demand Side Management in Power Systems

Vasileios M. Laitsos, Dimitrios Bargiotas, Aspassia Daskalopulu, Athanasios Ioannis Arvanitidis and Lefteri H. Tsoukalas
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Vasileios M. Laitsos: Department of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, Greece
Dimitrios Bargiotas: Department of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, Greece
Aspassia Daskalopulu: Department of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, Greece
Athanasios Ioannis Arvanitidis: Department of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, Greece
Lefteri H. Tsoukalas: School of Nuclear Engineering, Purdue University, West Lafayette, IN 47907, USA

Energies, 2021, vol. 14, issue 23, 1-24

Abstract: The growing demand for electricity runs counter to European-level goals, which include activities aimed at sustainable development and environmental protection. In this context, efficient consumption of electricity attracts much research interest nowadays. One environment friendly solution to meet increased demand lies in the deployment of Renewable Energy Sources (RES) in the network and in mobilizing the active participation of consumers in reducing the peak of demand, thus smoothing the overall load curve. This paper addresses the issue of efficient and economical use of electricity from the Demand Side Management (DSM) perspective and presents an implementation of a fully-parameterized and explicitly constrained incentive-based demand response program The program uses the Particle Swarm Optimization algorithm and demonstrates the potential advantages of integrating RES while supporting two-way communication between energy production and consumption and two-way power exchange between the main grid and the RES.

Keywords: demand side management; Demand Response; smart grid energy system; particle swarm optimization; energy efficiency (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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