Abstract
Daily residential power consumption in aggregate tends to have a large peak that places stress on the distribution system and induces high operational costs. This work shows that coordinated transactive control of noncritical loads within a residential community or microgrid can help to alleviate peak-time stress on the distribution system by flattening the aggregate load curve. Treating the load forecaster as a high-fidelity, expensive black-box function, a new algorithm utilizing Bayesian optimization (BO) is proposed to achieve the best solution under uncertainty with minimal computing effort. The proposed BO algorithm manipulates the shape of the load based on transactive signals sent to each home. The thermostatically controlled loads (TCLs) act out of self-interest in response to the given price while maintaining comfort, and the optimizer exploits the thermal energy retention of the homes for the benefit of the community. Simulations confirm consistent neighborhood-level peak power reduction and energy cost savings.
