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Title: A real-time demand response pricing model for the smart grid
Author: Mahmud, A. S. M. Ashraf
ISNI:       0000 0004 7961 4514
Awarding Body: University of Bedfordshire
Current Institution: University of Bedfordshire
Date of Award: 2018
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This thesis contributes to a novel model for Real-Time Price Suggestions (RTPS) of the Smart Grid (SG), which is the next generation modern bi-directional grid, particularly with respect to the pricing model. The research employs an experiment-based methodology which includes the use of a simulation technique. The research developed a Demand Response (DR) pricing model. Energy users are keen to reduce their bills, and Energy Providers (EP) is also keen on reducing their industrial costs. The DR model would benefit them both. The model has been tested with the UK-based traditional price value using real-time usage data. Energy users significantly reduced their bill and EP reduced their industrial cost due to load shifting. The Price Control Unit (PCU) and Price Suggestion Unit (PSU) utilise a set of embedded algorithms to vary price based upon demand. This model makes suggestions based on an energy threshold and makes use of Simultaneous Perturbation Stochastic Approximation Methods to produce prices. The results show that bill and peak load reductions benefit both the energy provider and users. The tests on a daily basis and monthly basis both benefit energy users and energy provider. The model has been validated by building a hardware prototype. This model also addresses users' preferences; if users are non-responsive, they can still reduce their bills. The model contributes significantly to the existing models, and the novel contribution is the PSU which uniquely benefits energy users and provider. Therefore, there is a number of fundamental aspect of contributions to the model RTPS constitutes the final thesis of the PhD. The Real-Time Pricing is a better pricing system, algorithm developed on a daily basis and monthly basis and finally building a hardware prototype.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: smart grid ; demand response ; real time ; stochastic process ; SPSA ; user preference ; peak-to-average ratio ; price suggestion unit ; PSU ; N100 Business studies