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    Flexible Load Participation in Peaking Shaving and Valley Filling Based on Dynamic Price Incentives

    Lifeng Wang1, Jing Yu2,*, Wenlu Ji1

    Energy Engineering, Vol.121, No.2, pp. 523-540, 2024, DOI:10.32604/ee.2023.041881

    Abstract Considering the widening of the peak-valley difference in the power grid and the difficulty of the existing fixed time-of-use electricity price mechanism in meeting the energy demand of heterogeneous users at various moments or motivating users, the design of a reasonable dynamic pricing mechanism to actively engage users in demand response becomes imperative for power grid companies. For this purpose, a power grid-flexible load bilevel model is constructed based on dynamic pricing, where the leader is the dispatching center and the lower-level flexible load acts as the follower. Initially, an upper-level day-ahead dispatching model for… More >

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