Optimal planning and operation of aggregated distributed energy resources with market participation

Detalhes bibliográficos
Autor(a) principal: Calvillo,CF
Data de Publicação: 2016
Outros Autores: Sanchez Miralles,A, José Villar, Martin,F
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://repositorio.inesctec.pt/handle/123456789/6100
http://dx.doi.org/10.1016/j.apenergy.2016.08.117
Resumo: This paper analyzes the optimal planning and operation of aggregated distributed energy resources (DER) with participation in the electricity market. Aggregators manage their portfolio of resources in order to obtain the maximum benefit from the grid, while participating in the day-ahead wholesale electricity market. The goal of this paper is to propose a model for aggregated DER systems planning, considering its participation in the electricity market and its impact on the market price. The results are the optimal planning and management of DER systems, and the appropriate energy transactions for the aggregator in the wholesale day-ahead market according to the size of its aggregated resources. A price-maker approach based on representing the market competitors with residual demand curves is followed, and the impact on the price is assessed to help in the decision of using price-maker or price-taker approaches depending on the size of the aggregated resources. A deterministic programming problem with two case studies (the average scenario and the most likely scenario from the stochastic ones), and a stochastic one with a case study to account for the market uncertainty are described. For both models, market scenarios have been built from historical data of the Spanish system. The results suggest that when the aggregated resources have enough size to follow a price-maker approach and the uncertainty of the markets is considered in the planning process, the DER systems can achieve up to 50% extra economic benefits, depending on the market share, compared with a non aggregated business-as-usual approach (not implementing DER systems).
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spelling Optimal planning and operation of aggregated distributed energy resources with market participationThis paper analyzes the optimal planning and operation of aggregated distributed energy resources (DER) with participation in the electricity market. Aggregators manage their portfolio of resources in order to obtain the maximum benefit from the grid, while participating in the day-ahead wholesale electricity market. The goal of this paper is to propose a model for aggregated DER systems planning, considering its participation in the electricity market and its impact on the market price. The results are the optimal planning and management of DER systems, and the appropriate energy transactions for the aggregator in the wholesale day-ahead market according to the size of its aggregated resources. A price-maker approach based on representing the market competitors with residual demand curves is followed, and the impact on the price is assessed to help in the decision of using price-maker or price-taker approaches depending on the size of the aggregated resources. A deterministic programming problem with two case studies (the average scenario and the most likely scenario from the stochastic ones), and a stochastic one with a case study to account for the market uncertainty are described. For both models, market scenarios have been built from historical data of the Spanish system. The results suggest that when the aggregated resources have enough size to follow a price-maker approach and the uncertainty of the markets is considered in the planning process, the DER systems can achieve up to 50% extra economic benefits, depending on the market share, compared with a non aggregated business-as-usual approach (not implementing DER systems).2018-01-15T10:41:45Z2016-01-01T00:00:00Z2016info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://repositorio.inesctec.pt/handle/123456789/6100http://dx.doi.org/10.1016/j.apenergy.2016.08.117engCalvillo,CFSanchez Miralles,AJosé VillarMartin,Finfo: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:RCAAP2023-05-15T10:20:40Zoai:repositorio.inesctec.pt:123456789/6100Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:53:28.292945Repositório 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 Optimal planning and operation of aggregated distributed energy resources with market participation
title Optimal planning and operation of aggregated distributed energy resources with market participation
spellingShingle Optimal planning and operation of aggregated distributed energy resources with market participation
Calvillo,CF
title_short Optimal planning and operation of aggregated distributed energy resources with market participation
title_full Optimal planning and operation of aggregated distributed energy resources with market participation
title_fullStr Optimal planning and operation of aggregated distributed energy resources with market participation
title_full_unstemmed Optimal planning and operation of aggregated distributed energy resources with market participation
title_sort Optimal planning and operation of aggregated distributed energy resources with market participation
author Calvillo,CF
author_facet Calvillo,CF
Sanchez Miralles,A
José Villar
Martin,F
author_role author
author2 Sanchez Miralles,A
José Villar
Martin,F
author2_role author
author
author
dc.contributor.author.fl_str_mv Calvillo,CF
Sanchez Miralles,A
José Villar
Martin,F
description This paper analyzes the optimal planning and operation of aggregated distributed energy resources (DER) with participation in the electricity market. Aggregators manage their portfolio of resources in order to obtain the maximum benefit from the grid, while participating in the day-ahead wholesale electricity market. The goal of this paper is to propose a model for aggregated DER systems planning, considering its participation in the electricity market and its impact on the market price. The results are the optimal planning and management of DER systems, and the appropriate energy transactions for the aggregator in the wholesale day-ahead market according to the size of its aggregated resources. A price-maker approach based on representing the market competitors with residual demand curves is followed, and the impact on the price is assessed to help in the decision of using price-maker or price-taker approaches depending on the size of the aggregated resources. A deterministic programming problem with two case studies (the average scenario and the most likely scenario from the stochastic ones), and a stochastic one with a case study to account for the market uncertainty are described. For both models, market scenarios have been built from historical data of the Spanish system. The results suggest that when the aggregated resources have enough size to follow a price-maker approach and the uncertainty of the markets is considered in the planning process, the DER systems can achieve up to 50% extra economic benefits, depending on the market share, compared with a non aggregated business-as-usual approach (not implementing DER systems).
publishDate 2016
dc.date.none.fl_str_mv 2016-01-01T00:00:00Z
2016
2018-01-15T10:41:45Z
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dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv http://repositorio.inesctec.pt/handle/123456789/6100
http://dx.doi.org/10.1016/j.apenergy.2016.08.117
url http://repositorio.inesctec.pt/handle/123456789/6100
http://dx.doi.org/10.1016/j.apenergy.2016.08.117
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