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Designing Menus for Multilevel Demand Subscription

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Title:Designing Menus for Multilevel Demand Subscription
Authors:Mou, Yuting
Gérard, Céline
Papavasiliou, Anthony
Chevalier, Philippe
Keywords:Distributed, Renewable, and Mobile Resources
demand response
multilevel demand subscription
priority service
Date Issued:05 Jan 2021
Abstract:Priority service and its generalization, multilevel demand subscription, have been proposed in the literature as alternatives to real-time pricing in residential demand response aggregation. This paper proposes a modeling approach for designing multilevel demand subscription menus that are comparable to priority service pricing menus. The menus are designed as the equilibrium solution to a Stackelberg game, which is modeled as a bilevel optimization problem involving a vertically integrated utility and consumers. The problem is reformulated and solved as a mixed integer linear program. The menus are compared in a realistic model of the Belgian power market.
Pages/Duration:10 pages
Rights:Attribution-NonCommercial-NoDerivatives 4.0 International
Appears in Collections: Distributed, Renewable, and Mobile Resources

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