Residential demand response: An overview of recent simulation and modeling applications

Abstract

This paper reviews recent simulation and modeling applications of residential demand response including demand response enabled load models, home energy management systems, and multi-agent systems. Demand response implementation in residential sectors is a recent effort to improve efficiency of the electricity market and stability of the power system. The benefits are significant; however the investment and potential risks are nonnegligible. Simulation and modeling is a desirable way to identify and quantify impacts and benefits of demand response applications. The two main aims of these applications are to reduce electricity peak demand and to match the demand with renewable energy. The flexible demand aspect enables time-shift electricity consumption by bringing forward or delaying the use of appliances. Therefore, developing applicable residential load models and efficiency home energy management systems are critical issues to allow incorporation of dynamic electric use patterns. Multi-agent systems allows evaluating various components of further power system or smart grid including distributed generator, microgrid, distribution intelligence, etc..