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Central energy facility optimization with integrated incentive and price-based demand response programs.

Number: pap. 3691

Author(s) : ELBSAT M. N., WENZEL M. J., ASMUS M. J., et al.

Summary

A cascaded approach for optimizing Central Energy Facility (CEF) operations with integrated incentive-based and price-based demand response programs is presented. The approach is geared towards the Economic Load Demand Response (ELDR) program and the Peak Load Contribution (PLC) charge structure in the Pennsylvania, Jersey, Maryland (PJM) region. However, it can be extended to accommodate other programs in different regions. The developed approach allows for an optimal allocation of CEF assets to guarantee the curtailment of the commitment in the ELDR program, in addition to minimizing the customer’s PLC during projected Coincidental Peak (CP) hours. Given predicted central energy facility loads, day-ahead and/or real-time Locational Marginal Prices (LMP), and PLC and resource rates, the optimization problem is solved over a horizon into the future using a mixed integer linear programming framework. Furthermore, it is adaptive as it updates the allocation of assets based on feedback from the ELDR market and any changes in the projected CP hours. A case study of ELDR program integration in CEF optimization at Kent State University (KSU) is presented.

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Pages: 10

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Details

  • Original title: Central energy facility optimization with integrated incentive and price-based demand response programs.
  • Record ID : 30025070
  • Languages: English
  • Subject: Figures, economy, Environment
  • Source: 2018 Purdue Conferences. 5th International High Performance Buildings Conference at Purdue.
  • Publication date: 2018/07/09

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