PI: Anamika Dubey
Co-PI(s):
Sponsor: Sloan Foundation
Award Amount: $249,785
Project Period: 01/2019 – 12/2022
Summary: Specifically, the project objectives are to:
- estimate the customer’s willingness-to-pay for electricity at the granularity of individual household using recently developed choice-experiment type estimation;
- translate each customer’s willingness-to-pay to bilateral contracts in the form of load reduction or short-term load curtailment; and
- develop strategies for a profit-seeking aggregator to bid in the wholesale market while simultaneously maximizing the current and future value of the demand response contracts and ensuring the satisfaction of critical operating constraints for the power distribution systems.