Other

Industry-university Cooperation Foundation Hanyang University

Mengmeng Yu

Seung Ho Hong

Seung-Ho Hong

An incentive-based demand response (DR) method and system are provided from the view of a grid operator (GO) to enable system-level dispatch of DR resources. The method spans three hierarchical levels of a GO, multiple service providers (SPs), and corresponding customers. The GO first posts an incentive to SPs, who will then invoke sub-programs with enrolled customers to negotiate quantities of demand reduction via providing SP incentives. In view of the hierarchical decision-making structure, a two-loop Stackelberg game is proposed to capture interactions between different actors. The existence of a unique Stackelberg equilibrium that provides optimal system solutions is demonstrated. Simulation results show that the proposed method is effective in helping compensate system resource deficiency at minimum cost.

Incentive-based demand response method considering hierarchical electricity market

The present invention relates to a smart grid system and a method for distributing resources in the system. The smart grid system according to the present invention comprises at least one non-shiftable device; at least one controllable device; and at least one shiftable device; wherein price data are provided at each stage, the non-shiftable device is always provided with its resource requirements, the controllable device is provide with resources in the range of its resource requirements, and the shiftable device has its nominal resource requirements but not allowed to be provided with resources at the stage when resource price is highest.

Growing community of inventors

Ansan-si, South Korea

Mengmeng Yu