The method of achieving grid stability through price demand response under the uncertainty of renewable energy electricity

DOI

10.2991/978-2-38476-257-6_12How to use a DOI?

Keywords

renewable electricity; price-based demand response; Stackelberg game

Abstract

This study explores the integration of renewable electricity, characterized by its intermittent nature, into the electricity system. Within the framework of a price-based demand response mechanism, a three-tier Stackelberg game model involving the grid, electricity retailers, and end-users was established. The research indicates that enhancing the stability of renewable energy contributes to reducing electricity prices and improving the utility value of the grid, particularly during peak demand periods. However, incentivizing electricity retailers by the grid to provide renewable energy may lead to price increases, thereby potentially diminishing the utility value of the grid.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xia Pan
PY  - 2024
DA  - 2024/05/27
TI  - The method of achieving grid stability through price demand response under the uncertainty of renewable energy electricity
BT  - Proceedings of the 2024 International Conference on Applied Economics, Management Science and Social Development (AEMSS 2024)
PB  - Atlantis Press
SP  - 91
EP  - 97
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-2-38476-257-6_12
DO  - 10.2991/978-2-38476-257-6_12
ID  - Pan2024
ER  -