Abstract
In this paper, we show the development of a demand-side management solution (DSMS) for demand response (DR) aggregator and actual demand response operation cases in South Korea. To show an experience, Korea’s demand response market outline, functions of DSMS, real contracted capacity, and payment between consumer and load aggregator and DR operation cases are revealed. The DSMS computes the customer baseline load (CBL), relative root mean squared error (RRMSE), and payments of the customers in real time. The case of 10 MW contracted customers shows 108.03% delivery rate and a benefit of 854,900,394 KRW for two years. The results illustrate that an integrated demand-side management solution contributes by participating in a DR market and gives a benefit and satisfaction to the consumer.
Highlights
In a power system, electricity demand changes constantly
In an incentive-based demand response (DR) program, consumers are contracted by individuals or groups to reduce their power consumption for a certain period that the economic transactions requested in the electricity market
The results show the money-saving and energy conservation using the demand-side management solution (DSMS)
Summary
Electricity demand changes constantly. Power suppliers need to generate more power generation when demand is high, and less when demand is low. The capacity that cannot be adjusted on the supply side is supplemented by DSM (demand-side management) such as temporarily reducing or moving the load on the demand side [1,2]. In an incentive-based DR program, consumers are contracted by individuals or groups to reduce their power consumption for a certain period that the economic transactions requested in the electricity market. For a price-based DR program, researchers investigated a multi-agent modeling and optimization algorithms under DR programs for real-time prices [12]; a coordination strategy between a micro network and a price-based demand response program for adjusting loads [13]; a bidirectional communication smart meter design between the household smart meters and the distribution management system [14];. South Korea) and Methods (development of DSMS); Section 3 presents the money savings and energy conservation results using DSMS; the discussion and conclusions are given in Sections 4 and 5
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
