Towards a Sustainable Power System: A Three-Stage Demand Response Potential Evaluation Model

Abstract

Developing flexible resources is a key strategy for advancing the development of new power systems and addressing the issue of climate change. Demand response is a crucial flexibility resource that is extensively employed due to its sustainability and economy. This work develops a three-stage demand response potential evaluation model based on “theoretical potential–realizable potential–multi-load aggregation potential” in response to the issues of inadequate consideration of numerous complicated agents and time in previous research. Firstly, the traditional method calculates the theoretical maximum demand response potential of a single industry in each period. Based on this, the industry characteristics are taken into account when establishing the demand response potential evaluation model. Lastly, the time variation of the demand response potential is taken into consideration when evaluating the demand response potential of multiple load aggregation. For the analysis, three industries are chosen as examples. The results show that the potential of peak shaving and valley filling obtained by using the model is smaller than that of the traditional method, the reduction range of peak cutting demand response potential calculated by multi-load aggregation is 19–100%, and the reduction range of valley filling demand response potential is 20–89%. The results are closer to reality, which is conducive to improving the accuracy of relevant departments in making relevant decisions and promoting the sustainable development of a new power system.