Designing Menus for Multilevel Demand Subscription

Mou, Yuting;Gérard, Céline;Papavasiliou, Anthony;Chevalier, Philippe
(2021) 2021 54th Hawaii International Conference on System Sciences — Location: Kaui, Hawaii (5.January.2021)

Files

HICCS2021_MDSPMenuDesign_FinalVersion.pdf
  • Open Access
  • Adobe PDF
  • 691.75 KB
Download

Details

Authors
  • Mou, Yutingorcid-logoUCLouvain
    Author
  • Gérard, Célineorcid-logoUCLouvain
    Author
  • Papavasiliou, Anthonyorcid-logoUCLouvain
    Author
  • Chevalier, Philippeorcid-logoUCLouvain
    Author
Abstract
Priority service and its generalization, multilevel demand subscription, have been proposed in the literature as alternatives to real-time pricing in residential demand response aggregation. This paper proposes a modeling approach for designing multilevel demand subscription menus that are comparable to priority service pricing menus. The menus are designed as the equilibrium solution to a Stackelberg game, which is modeled as a bilevel optimization problem involving a vertically integrated utility and consumers. The problem is reformulated and solved as a mixed integer linear program. The menus are compared in a realistic model of the Belgian power market.
Affiliations

Citations

  • APA
  • Chicago
  • FWB

Mou, Y., Gérard, C., Papavasiliou, A., & Chevalier, P. (2021). Designing Menus for Multilevel Demand Subscription. 2021 54th Hawaii International Conference on System Sciences, Kaui, Hawaii. https://hdl.handle.net/2078.5/268868