Designing Menus for Multilevel Demand Subscription
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Date
2021-01-05
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3092
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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.
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Distributed, Renewable, and Mobile Resources, demand response, multilevel demand subscription, priority service
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10 pages
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Proceedings of the 54th Hawaii International Conference on System Sciences
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Attribution-NonCommercial-NoDerivatives 4.0 International
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