LAPSE:2023.17291
Published Article
LAPSE:2023.17291
An Incentive-Based Implementation of Demand Side Management in Power Systems
Vasileios M. Laitsos, Dimitrios Bargiotas, Aspassia Daskalopulu, Athanasios Ioannis Arvanitidis, Lefteri H. Tsoukalas
March 6, 2023
The growing demand for electricity runs counter to European-level goals, which include activities aimed at sustainable development and environmental protection. In this context, efficient consumption of electricity attracts much research interest nowadays. One environment friendly solution to meet increased demand lies in the deployment of Renewable Energy Sources (RES) in the network and in mobilizing the active participation of consumers in reducing the peak of demand, thus smoothing the overall load curve. This paper addresses the issue of efficient and economical use of electricity from the Demand Side Management (DSM) perspective and presents an implementation of a fully-parameterized and explicitly constrained incentive-based demand response program The program uses the Particle Swarm Optimization algorithm and demonstrates the potential advantages of integrating RES while supporting two-way communication between energy production and consumption and two-way power exchange between the main grid and the RES.
Keywords
Demand Response, demand side management, Energy Efficiency, Particle Swarm Optimization, smart grid energy system
Suggested Citation
Laitsos VM, Bargiotas D, Daskalopulu A, Arvanitidis AI, Tsoukalas LH. An Incentive-Based Implementation of Demand Side Management in Power Systems. (2023). LAPSE:2023.17291
Author Affiliations
Laitsos VM: Department of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, Greece
Bargiotas D: Department of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, Greece [ORCID]
Daskalopulu A: Department of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, Greece [ORCID]
Arvanitidis AI: Department of Electrical and Computer Engineering, University of Thessaly, 38334 Volos, Greece [ORCID]
Tsoukalas LH: School of Nuclear Engineering, Purdue University, West Lafayette, IN 47907, USA
Journal Name
Energies
Volume
14
Issue
23
First Page
7994
Year
2021
Publication Date
2021-11-30
Published Version
ISSN
1996-1073
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Original Submission
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PII: en14237994, Publication Type: Journal Article
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doi:10.3390/en14237994
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