Demonstration of Electric Water Heater DR Possibility with Financial Benefit Analysis

The household small electrical appliances can participate in demand response events to support the local electrical infrastructures. Demand response (DR) plays a major role by reducing peak load consumption and controlling distributed generations. This paper presents a demonstration of DR participation of a water heater with financial benefit analysis by using a convenience tool. It also discusses a residential water heater DR possibility by analyzing the obtained data. The smart grid concept with building energy management system, DR flexibility and financial benefits are also discussed here. The main framework of the task consists of electric water heater modeling with several parameters and planning for the DR participation. The overall model is also demonstrated here with the execution of the planned tasks. The results obtained by using this tool is also represented graphically for the demonstration in the paper. It shows that the proposed methodological analysis is financially beneficial for both consumers and aggregators.SIMOCE (ANI|P2020 17690); and UID/EEA/00760/2019 funded by FEDER Funds through COMPETE program and by National Funds through FCT