Abstract
AbstractCurrent research concerning industrial demand side management primarily focuses on monetary aspects. Herein, we extend this perspective by assessing whether economically driven measures increasing the flexibility also result in reduced contributions to the residual load. For this purpose, we conduct a simulative study using historic and projected time series for the German electricity sector. First, Fourier analysis are performed to show that the main oscillation in the electricity price time series has a period length of 12 hr, whereas the renewable generation is primarily characterized by an oscillation with a period length of 24 hr. Second, a generic process model with capabilities for load shiftings is used to evaluate how the fluctuation patterns can be exploited via scheduling optimizations. Most importantly, our results demonstrate that prevalent price fluctuations prevent adequate monetary incentives for providing storage capacities for bridging up to 24 hr, which are desired for reducing the residual load.
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.