A Transactive Energy Approach to Distribution System Design: Household Formulation
dc.contributor.author | Battula, Swathi | |
dc.contributor.author | Tesfatsion, Leigh | |
dc.contributor.author | Wang, Zhaoyu | |
dc.contributor.department | Department of Economics (LAS) | |
dc.date | 2019-12-05T22:17:23.000 | |
dc.date.accessioned | 2020-06-30T02:14:30Z | |
dc.date.available | 2020-06-30T02:14:30Z | |
dc.date.embargo | 2019-07-01 | |
dc.date.issued | 2019-12-05 | |
dc.description.abstract | <p>A household model is formulated to facilitate careful development and performance testing of bid-based transactive energy system (TES) designs with voluntary customer participation. The optimal general bid-function form for households with thermostatically controlled loads is derived from dynamic programming principles, based solely on general household thermal dynamic and welfare attributes. Quantitative forms are determined for these optimal bid functions, given quantitative forms for these attributes. These quantitative attributes are used to construct representative household types based on clusterings of correlated parameter values. Bid comparison, peak-load reduction, and load-matching test cases conducted for a 123-bus distribution system operating under a generic bid-based TES design illustrate the usefulness of our methods for ensuring TES designs are aligned with local customer goals and constraints.</p> | |
dc.description.comments | This working paper is published as S. Battula, L. Tesfatsion and Z. Wang, "A Customer-Centric Approach to Bid-Based Transactive Energy System Design," in IEEE Transactions on Smart Grid, vol. 11, no. 6, pp. 4996-5008, Nov. 2020, doi: 10.1109/TSG.2020.3008611. | |
dc.format.mimetype | application/pdf | |
dc.identifier | archive/lib.dr.iastate.edu/econ_workingpapers/75/ | |
dc.identifier.articleid | 1074 | |
dc.identifier.contextkey | 14837455 | |
dc.identifier.s3bucket | isulib-bepress-aws-west | |
dc.identifier.submissionpath | econ_workingpapers/75 | |
dc.identifier.uri | https://dr.lib.iastate.edu/handle/20.500.12876/22698 | |
dc.relation.ispartofseries | 19010 | |
dc.source.bitstream | archive/lib.dr.iastate.edu/econ_workingpapers/75/19010.pdf|||Fri Aug 23 12:04:08 UTC 2019 | |
dc.source.bitstream | archive/lib.dr.iastate.edu/econ_workingpapers/75/19010_revision_1.pdf|||Sat Jan 15 01:49:29 UTC 2022 | |
dc.subject.disciplines | Behavioral Economics | |
dc.subject.disciplines | Econometrics | |
dc.subject.disciplines | Power and Energy | |
dc.subject.disciplines | Statistical Models | |
dc.subject.keywords | Customer-centric design | |
dc.subject.keywords | bid-based transactive energy system | |
dc.subject.keywords | optimal household bid function | |
dc.subject.keywords | household thermal dynamics | |
dc.subject.keywords | household welfare | |
dc.subject.keywords | household representative types | |
dc.subject.keywords | test-case performance evaluation | |
dc.title | A Transactive Energy Approach to Distribution System Design: Household Formulation | |
dc.type | working paper | |
dc.type.genre | working paper | |
dspace.entity.type | Publication | |
relation.isAuthorOfPublication | 1b45fd18-54a5-46e7-a853-62262cd64b39 | |
relation.isOrgUnitOfPublication | 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d |