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- W2341562712 abstract "Additional flexibilities on the demand side can be obtained by using price signals to change the consumption behavior of household electricity customers. The present contribution proposes a new theoretically motivated demand response model type called virtual storage. First, the basic model structure of several virtual storage models is introduced. All of these models are based on a system of difference equations that describe load reductions/increases in response to price signals. The virtual storage models differ thereafter in how past or prognosis-based future price information is considered. After a description of a proposed model validation strategy, the model behavior of several virtual storage models is compared with some of the common demand response model types and with real customer responses to a price signal. Thus, a model comparison is performed on the basis of a real smart meter data set (Olympic Peninsula Project)." @default.
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- W2341562712 date "2015-12-08" @default.
- W2341562712 modified "2023-10-03" @default.
- W2341562712 title "Virtual Storages as Theoretically Motivated Demand Response Models for Enhanced Smart Grid Operations" @default.
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- W2341562712 doi "https://doi.org/10.1002/ente.201500318" @default.
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