Distributed energy resources (DER) include distributed generation, storage, and responsive demand. The integration of DER into the power system control framework is part of the evolutinary advances that allow these resources to actively particpate in the energy balance equation. Price can provide a powerful signal for independent decision-making in distributed control strategies. To study the impact of price responsive DER on the electric power system requires generation and load models that can capture the dynamic coupling between the energy market and the physical operation of the power system in appropriate time frames. This paper presents modeling approaches for simulating electricity market price responsive DER, and introduces a statistical mechanics approach to modeling the aggregated response of a transformed electric system of pervasive, transacting DER.
Revised: June 15, 2011 |
Published: October 15, 2004
Citation
Lu N., D.P. Chassin, and S.E. Widergren. 2004.Simulating Price Responsive Distributed Resources. In 2004 Power Systems Conference & Exposition, October 10-13, 2004, New York City, New York, 6 pp. Piscataway, New Jersey:IEEE Power Engineering Society.PNNL-SA-41618.