Business Model for Retail Aggregation of Responsive Load

Project Status: 

This research project is exploring a proposed change in market design (and a corresponding business model) aimed at mobilizing the available flexibility of certain loads through proper incentives, and an aggregation scheme which will provide flexible resources to mitigate the uncertainty of variable energy resources (VERs)—allowing VERs to internalize the cost of uncertainty by contracting with responsive load (DR).

Related Publications

Shi, Jiaying, and Shmuel S Oren. "A data mining approach for real-time corrective switching." 2015 IEEE Power & Energy Society General Meeting. Denver, CO, USA: IEEE, 2015. 1 - 5.
Margellos, Kostas, and Shmuel S Oren. "A fuse control paradigm for demand side management: Formulation and stochastic pricing analysis." 2015 American Control Conference (ACC). Chicago, IL, USA: IEEE, 2015. 5672 - 5677.
Oren, Shmuel S. "A Historical Perspective and Business Model for Load Response Aggregation Based on Priority Service." 2013 46th Hawaii International Conference on System Sciences (HICSS). Wailea, HI, USA: IEEE, 2013. 2206 - 2214.