TY - GEN
T1 - Demand response through a temperature setpoint market in Ontario
AU - Singla, Sahil
AU - Keshav, Srinivasan
PY - 2012/12/1
Y1 - 2012/12/1
N2 - The electrical grid is designed to meet peak loads, which may occur for only a few hours each year. Consequently, there are significant economic gains from a reduction in the peak load. Air conditioner (AC) load from residential buildings forms a significant portion of peak summer loads. The existing 'peaksaver' program in Ontario attempts to reduce AC loads by setting thermostats a few degrees higher in volunteer households on hot summer days. This has had only a limited success. To address this issue, we propose a scheme that provides monetary incentive for participation. We describe the operation of this 'temperature market' and demonstrate its effectiveness with a heterogeneous population of potential participants. We find that even a payment of $2 per hour of setback can reduce grid operating costs by $688 million over a period of 20 years.
AB - The electrical grid is designed to meet peak loads, which may occur for only a few hours each year. Consequently, there are significant economic gains from a reduction in the peak load. Air conditioner (AC) load from residential buildings forms a significant portion of peak summer loads. The existing 'peaksaver' program in Ontario attempts to reduce AC loads by setting thermostats a few degrees higher in volunteer households on hot summer days. This has had only a limited success. To address this issue, we propose a scheme that provides monetary incentive for participation. We describe the operation of this 'temperature market' and demonstrate its effectiveness with a heterogeneous population of potential participants. We find that even a payment of $2 per hour of setback can reduce grid operating costs by $688 million over a period of 20 years.
UR - http://www.scopus.com/inward/record.url?scp=84876048024&partnerID=8YFLogxK
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U2 - 10.1109/SmartGridComm.2012.6485967
DO - 10.1109/SmartGridComm.2012.6485967
M3 - Conference contribution
AN - SCOPUS:84876048024
SN - 9781467309110
T3 - 2012 IEEE 3rd International Conference on Smart Grid Communications, SmartGridComm 2012
SP - 103
EP - 108
BT - 2012 IEEE 3rd International Conference on Smart Grid Communications, SmartGridComm 2012
T2 - 2012 IEEE 3rd International Conference on Smart Grid Communications, SmartGridComm 2012
Y2 - 5 November 2012 through 8 November 2012
ER -