Incentive-Based Demand Response for Microgrid Systems
Author Information
Author(s): Dey Bishwajit, Sharma Gulshan, Bokoro Pitshou N., Dutta Soham
Primary Institution: Manipal Academy of Higher Education, Manipal
Hypothesis
Can an incentive-based demand response program effectively reduce emissions and generation costs in microgrid systems?
Conclusion
The implementation of an incentive-based demand response program can significantly lower generation costs and emissions in microgrid systems.
Supporting Evidence
- The generating cost decreased by 10-13% with the inclusion of the incentive-based demand response program.
- A 6-8% reduction in peak demand and a 4-5% improvement in load factor were observed.
- The study analyzed six different scenarios to evaluate the impact of various grid participation and market pricing approaches.
Takeaway
This study shows that giving rewards to people for using less energy during busy times can help save money and reduce pollution.
Methodology
The study used a differential evolution algorithm to optimize the scheduling of distributed energy resources in a microgrid under various scenarios.
Limitations
The study does not include the impact of battery energy storage systems or plug-in hybrid electric vehicles, which could affect the optimization results.
Participant Demographics
30-40% of microgrid customers were willing to participate in the demand response program.
Digital Object Identifier (DOI)
Want to read the original?
Access the complete publication on the publisher's website