Demand-Side Energy Management Considering Price Oscillations for Residential Building Heating and Ventilation Systems

Abstract

This paper presents an energy management method to optimally control the energy supply and the temperature settings of distributed heating and ventilation systems for residential buildings. The control model attempts to schedule the supply and demand simultaneously with the purpose of minimizing the total costs. Moreover, the Predicted Percentage of Dissatisfied (PPD) model is introduced into the consumers’ cost functions and the quadratic fitting method is applied to simplify the PPD model. An energy management algorithm is developed to seek the optimal temperature settings, the energy supply, and the price. Furthermore, due to the ubiquity of price oscillations in electricity markets, we analyze and examine the effects of price oscillations on the performance of the proposed algorithm. Finally, the theoretical analysis and simulation results both demonstrate that the proposed energy management algorithm with price oscillations can converge to a region around the optimal solution.