Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely:  discusses the issue of demand side management, in particular control of the output por of heat pumps based on the spot market electricity price. The main presumptions are the ability of controlled HVAC system to shift energy load on the customer's side and sufficient credibility of an energy price prognosis on the electricity provider's side. The paper first presents current situation in the Czech republic with electricity tariffs legislations, which have to be follod so that the proposed method is applicable in practice. It is shown that for successful implementation, it is required to have an energy load model, model of the accumulation as ll as parameters of the heat pump. For the energy load model, statistical black box methods are used, while the other models are based on first principles. The models are together with the prediction of spot market price used within model predictive control framework resulting in cost savings higher than 10%.
['Jiri Cigler', 'Zdenek Vana', 'Tomas Muzik', 'Jan Sulc', 'Lukas Ferkl']
I am writing a research paper on a idea Usage of spot market prices prediction for demand side management
[{"from": "human", "value": "I am writing a research paper on a idea Usage of spot market prices prediction for demand side management"}, {"from": "gpt", "value": "Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely:  discusses the issue of demand side management, in particular control of the output por of heat pumps based on the spot market electricity price. The main presumptions are the ability of controlled HVAC system to shift energy load on the customer's side and sufficient credibility of an energy price prognosis on the electricity provider's side. The paper first presents current situation in the Czech republic with electricity tariffs legislations, which have to be follod so that the proposed method is applicable in practice. It is shown that for successful implementation, it is required to have an energy load model, model of the accumulation as ll as parameters of the heat pump. For the energy load model, statistical black box methods are used, while the other models are based on first principles. The models are together with the prediction of spot market price used within model predictive control framework resulting in cost savings higher than 10%."}]