Assessing the value of demand response in microgrids

Detalhes bibliográficos
Autor(a) principal: Gomes, Isaías
Data de Publicação: 2021
Outros Autores: Melício, Rui, Mendes, Victor
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.21/13396
Resumo: This paper presents a computer application to assist in decisions about sustainability enhancement due to the effect of shifting demand from less favorable periods to periods that are more convenient for the operation of a microgrid. Specifically, assessing how the decisions affect the eco nomic participation of the aggregating agent of the microgrid bidding in an electricity day-ahead market. The aggregating agent must manage microturbines, wind systems, photovoltaic systems, energy storage systems, and loads, facing load uncertainty and further uncertainties due to the use of renewable sources of energy and participation in the day-ahead market. These uncertainties can not be removed from the decision making, and, therefore, require proper formulation, and the proposed approach customizes a stochastic programming problem for this operation. Case studies show that under these uncertainties and the shifting of demand to convenient periods, there are opportunities to make decisions that lead to significant enhancements of the expected profit. These enhancements are due to better bidding in the day-ahead market and shifting energy consumption in periods of favorable market prices for exporting energy. Through the case studies it is concluded that the proposed approach is useful for the operation of a microgrid.
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spelling Assessing the value of demand response in microgridsMicrogridDemand responseStochastic programmingEnergy managementRenewable energyThis paper presents a computer application to assist in decisions about sustainability enhancement due to the effect of shifting demand from less favorable periods to periods that are more convenient for the operation of a microgrid. Specifically, assessing how the decisions affect the eco nomic participation of the aggregating agent of the microgrid bidding in an electricity day-ahead market. The aggregating agent must manage microturbines, wind systems, photovoltaic systems, energy storage systems, and loads, facing load uncertainty and further uncertainties due to the use of renewable sources of energy and participation in the day-ahead market. These uncertainties can not be removed from the decision making, and, therefore, require proper formulation, and the proposed approach customizes a stochastic programming problem for this operation. Case studies show that under these uncertainties and the shifting of demand to convenient periods, there are opportunities to make decisions that lead to significant enhancements of the expected profit. These enhancements are due to better bidding in the day-ahead market and shifting energy consumption in periods of favorable market prices for exporting energy. Through the case studies it is concluded that the proposed approach is useful for the operation of a microgrid.MDPIRCIPLGomes, IsaíasMelício, RuiMendes, Victor2021-05-31T10:04:33Z2021-05-222021-05-22T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.21/13396engGOMES, Isaías; MELÍCIO, Rui; MENDES, Victor M. F. – Assessing the value of demand response in microgrids. Sustainability. ISSN 2071-1050. Vol. 13, N.º 11 (2021), pp. 1-162071-105010.3390/su13115848info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-08-03T10:08:02Zoai:repositorio.ipl.pt:10400.21/13396Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:21:21.135311Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Assessing the value of demand response in microgrids
title Assessing the value of demand response in microgrids
spellingShingle Assessing the value of demand response in microgrids
Gomes, Isaías
Microgrid
Demand response
Stochastic programming
Energy management
Renewable energy
title_short Assessing the value of demand response in microgrids
title_full Assessing the value of demand response in microgrids
title_fullStr Assessing the value of demand response in microgrids
title_full_unstemmed Assessing the value of demand response in microgrids
title_sort Assessing the value of demand response in microgrids
author Gomes, Isaías
author_facet Gomes, Isaías
Melício, Rui
Mendes, Victor
author_role author
author2 Melício, Rui
Mendes, Victor
author2_role author
author
dc.contributor.none.fl_str_mv RCIPL
dc.contributor.author.fl_str_mv Gomes, Isaías
Melício, Rui
Mendes, Victor
dc.subject.por.fl_str_mv Microgrid
Demand response
Stochastic programming
Energy management
Renewable energy
topic Microgrid
Demand response
Stochastic programming
Energy management
Renewable energy
description This paper presents a computer application to assist in decisions about sustainability enhancement due to the effect of shifting demand from less favorable periods to periods that are more convenient for the operation of a microgrid. Specifically, assessing how the decisions affect the eco nomic participation of the aggregating agent of the microgrid bidding in an electricity day-ahead market. The aggregating agent must manage microturbines, wind systems, photovoltaic systems, energy storage systems, and loads, facing load uncertainty and further uncertainties due to the use of renewable sources of energy and participation in the day-ahead market. These uncertainties can not be removed from the decision making, and, therefore, require proper formulation, and the proposed approach customizes a stochastic programming problem for this operation. Case studies show that under these uncertainties and the shifting of demand to convenient periods, there are opportunities to make decisions that lead to significant enhancements of the expected profit. These enhancements are due to better bidding in the day-ahead market and shifting energy consumption in periods of favorable market prices for exporting energy. Through the case studies it is concluded that the proposed approach is useful for the operation of a microgrid.
publishDate 2021
dc.date.none.fl_str_mv 2021-05-31T10:04:33Z
2021-05-22
2021-05-22T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.21/13396
url http://hdl.handle.net/10400.21/13396
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv GOMES, Isaías; MELÍCIO, Rui; MENDES, Victor M. F. – Assessing the value of demand response in microgrids. Sustainability. ISSN 2071-1050. Vol. 13, N.º 11 (2021), pp. 1-16
2071-1050
10.3390/su13115848
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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