Abstract
The energy profiles of users in the traditional grid are non-compliant and intractable. However, with the evolution of smart grid, this need is fulfilled by customer-oriented programs known as demand side management (DSM) and demand response (DR). Q learning algorithm employed here so that enhanced benefits of DR made available to customers and retailers or utility. In this paper, various price versus demand functions along with their combinations have been used to tackle varying load profiles and comfort levels of different categories of customers. To represent customer response to incentive-based and price-based DR programs, composite demand functions (CDF) and dynamic price elasticity are put forward to examine user susceptibility to changing hourly price. This will help a retailer or any utility that will work as an agent to learn the customer environment and offer the most suitable price. Their learning capability is determined by principles of single and double q learning to demonstrate the comprehensive demand response (CDR) model that will yield best-suited benefit to users and utility. A study has been conducted by analyzing previous hourly demand and market prices of an area for the day.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.