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Optimal Behavior of Demand Response Aggregators in Providing Balancing and Ancillary Services in Renewable-Based Power Systems [chapter]

E. Heydarian-Forushani, M. E. H. Golshan, M. Shafie-khah, João P. S. Catalão
2015 IFIP Advances in Information and Communication Technology  
In this paper, a model has been developed to optimize the behavior of a DR aggregator to simultaneously participate in the mentioned markets.  ...  In such power systems, implementation of Demand Response (DR) programs not only can improve the system stability but also enhances market efficiency and system reliability.  ...  Acknowledgment The work of M. Shafie-khah and J.P.S. Catalão was supported by FEDER funds  ... 
doi:10.1007/978-3-319-16766-4_33 fatcat:obi6pea5ojdv7pfqk2nfsor6ly

Review of Information Disclosure in Different Electricity Markets

Yang Yang, Minglei Bao, Yi Ding, Yonghua Song, Zhenzhi Lin, Changzheng Shao
2018 Energies  
To maintain transparency and foster competition of electricity markets, timely and precise information regarding the operation of electricity market should be disclosed to the market participants through  ...  However, the information disclosure mechanism varies greatly in electricity markets because of different market models and transaction methods.  ...  Z k is the aggregation of units and loads in zone k. P G,i are the quantity for energy offer of unit i with prices B G,i and P D,j being the quantity for demand bids of load j with prices B D,j .  ... 
doi:10.3390/en11123424 fatcat:7jakbhp7gjhlpe6e63lljedguu

A Review and Analysis of Trends Related to Demand Response

Luis Arias, Edwin Rivas, Francisco Santamaria, Victor Hernandez
2018 Energies  
The possibility for users to control their consumption in real time and make decisions referring to energy management, i.e., acquire energy from different companies or participate in DR mechanisms based  ...  The response to the user's energy demand is a key factor in the global reduction of the consumption.  ...  The tackled problem considers the uncertainty in the market price and the risk of participation of the aggregator is managed as an optimization stochastic problem.  ... 
doi:10.3390/en11071617 fatcat:hddnkdkzvvac7mqxwybezwlzj4

Bilevel optimization to deal with demand response in power grids: models, methods and challenges

Carlos Henggeler Antunes, Maria João Alves, Billur Ecer
2020 TOP - An Official Journal of the Spanish Society of Statistics and Operations Research  
This paper presents a review of selected models, methods, and challenges associated with the use of bilevel optimization in problems that involve consumers' demand response arising in the power sector.  ...  The importance of demand response as a "dispatchable" resource in the evolution of power networks to smart grids is emphasized.  ...  for Science and Technology and Regional Operational Program  ... 
doi:10.1007/s11750-020-00573-y fatcat:tustla2akbajjdx7pjcc5vul7m

Overview of Demand-Response Services: A Review

Daiva Stanelyte, Neringa Radziukyniene, Virginijus Radziukynas
2022 Energies  
The present DR policy proposals stress the importance of fostering behavioral change through competitive pricing and customer participation in reducing carbon emissions and implementing smart energy solutions  ...  The internet of things (IoT) has been applied to ensure adaptive monitoring of energy consumption and cost-effective and adequate demand-side management (DSM).  ...  Future research should focus on the evaluation of the DR system by companies in specific sectors. Informed Consent Statement: Not applicable. Data Availability Statement: Not applicable.  ... 
doi:10.3390/en15051659 fatcat:whr5mxzd4bdrvmys6tvyrvexay

Tri-level decision-making framework for strategic trading of demand response aggregator

Yulong Jia, Zengqiang Mi, Yang Yu, Zhuoliang Song, Hui Fan
2019 IET Renewable Power Generation  
Profit-maximising DRA affects the clearing results of market prices by strategic trading in DA energy market, providing reserve capacity in DA reserve market and offsetting energy deviation in RT.  ...  This article presents a new decision-making framework for strategic trading of demand response aggregator (DRA). The proposed framework consists of three layers.  ...  Acknowledgments This work was financially supported by the State Grid Corporation of China science and technology project funding under grant KJGW2018-014 and the Fundamental Research Funds for the Central  ... 
doi:10.1049/iet-rpg.2019.0076 fatcat:trxofmbplzambk2kif4nkirjda

A nascent market for contingency reserve services using demand response

Mahdi Motalleb, Matsu Thornton, Ehsan Reihani, Reza Ghorbani
2016 Applied Energy  
In the AS market, optimal power flow (OPF) is used to find the optimal offers/bids and transient behavior of frequency is considered.  ...  Many Independent System Operators (ISO) are structuring the rules of AS markets such that demand response (DR) can participate along side traditional supply-side resources.  ...  Equations ( 12 ) and (15) present that the market price is the minimum of the offered process by DRAs and utility cost for faster and slower demand response programs, respectively.  ... 
doi:10.1016/j.apenergy.2016.07.078 fatcat:xn4iyhfk6ne2vgsz7gpcklbowq

Optimal bidding strategy for an aggregator of prosumers in energy and secondary reserve markets

José Iria, Filipe Soares, Manuel Matos
2019 Applied Energy  
Participation of an aggregator of prosumers in energy and secondary reserve markets. • Two-stage stochastic optimization bidding model. • The uncertainty of the prosumers information is modeled through  ...  a set of scenarios. • The results suggest cost savings of 40% for both aggregator and prosumers.  ...  This work is also financed by the GREsBAS project (SmartGP/0003/2015) under the framework of ERA-Net Smart Grids Plus.  ... 
doi:10.1016/j.apenergy.2019.01.191 fatcat:jkqrokj6pjg7hphm3xxn4muvou

Aggregator's business models in residential and service sectors: A review of operational and financial aspects

Özge Okur, Petra Heijnen, Zofia Lukszo
2021 Renewable & Sustainable Energy Reviews  
Demand response (DR) refers to the changes in the consumption of consumers in response to external factors such as electricity prices [8] .  ...  Since these consumers are too small individually to participate in the electricity markets, their assets can be pooled by an aggregator.  ...  Reserve capacity market results in a reserve capacity price (reservation payment), while balancing energy market leads to a balancing energy price (activation payment).  ... 
doi:10.1016/j.rser.2020.110702 fatcat:cefqiljj55dz3bdt3oyb3na3ye

Aggregate Electric Vehicles in Demand Side for Ancillary Service

Xianglu Liu, Xianglong Li, Haiyang Chen, Wenbin Zhou, Zhou Sun, Hao Xu
2021 World Electric Vehicle Journal  
This paper investigates the win-win commercialization mode of aggregating electric vehicles (EVs) in demand side for ancillary service.  ...  Based on the experimental results, we develop an incentive-based mechanism that enables electric vehicles to participate the wholesale capacity market through an aggregator.  ...  at the lower layer, and sells the aggregated reserve Conclusions In this paper, we study the optimal market participation of the aggregator, who coordinates private electric vehicles to provide reserve  ... 
doi:10.3390/wevj12040242 fatcat:z6oxib6up5gknpclfirnywse6m

The key role of aggregators in the energy transition under the latest European regulatory framework

Selina Kerscher, Pablo Arboleya
2022 International Journal of Electrical Power & Energy Systems  
in the current market situation, and the status of aggregator research since 2015 up to date.  ...  The latest European framework assigns aggregators a fundamental role in energy market liberalisation and DER integration towards carbon-neutral energy systems.  ...  The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.  ... 
doi:10.1016/j.ijepes.2021.107361 fatcat:fn5tysc6rbekxcyyco2b553ct4

A Methodological Proposal for Implementing Demand-Shifting Strategies in the Wholesale Electricity Market

Máximo A. Domínguez-Garabitos, Víctor S. Ocaña-Guevara, Félix Santos-García, Adriana Arango-Manrique, Miguel Aybar-Mejía
2022 Energies  
of implementing an incentive scheme for participants in demand-response programs.  ...  This paper proposes a market-based methodology for introducing flexible demand in the energy dispatch , optimizing the scheduling of electricity system operation in the short-term, and considers the challenge  ...  • The identification of performance indicators by optimizing energy prices and quantities in the market, based on criteria associated with demand-response programs and the constant elasticity of substitution  ... 
doi:10.3390/en15041307 fatcat:3pyehcdynvco7hftjiu2ekeap4

Integrating demand response market into energy/reserve market: A bilevel approach

Javad Saebi, Mohammad Hossein Javidi, Duy Thanh Nguyen
2014 2014 Smart Grid Conference (SGC)  
The major advantage of the DR market in comparison to other DR proposals is that it allocates benefits and payments across all participants, fairly.  ...  The concept of demand response (DR) market, which recently introduced, is a comprehensive approach to schedule DR.  ...  The authors of [8] investigated the load recovery impacts of demand response providers (DRPs) in joint energy/reserve market.  ... 
doi:10.1109/sgc.2014.7090857 fatcat:ri2dke4srjazhobfdjpak6lhfi

Aggregation Potentials for Buildings—Business Models of Demand Response and Virtual Power Plants

Joy Billanes, Bo Jørgensen
2017 Energies  
Conflicts of Interest: The authors declare no conflict of interest.  ...  Aggregation Market Types Business Model Direct Participants Indirect Building Participants Demand Response Implicit DR (price based) 1-buildings participate in the implicit DR program via  ...  Explicit DR (also called incentive-based DR program) is divided into traditional-based (e.g., direct load control, interruptible pricing) and market-based (e.g., emergency demand response programs, capacity  ... 
doi:10.3390/en10101646 fatcat:zk4o3yzixjepdey3fiwt4yveoy

Benefits of Local Government Aggregation of Clean Energy Resources: Emerging Opportunities Under FERC Order Number 2222

Jennifer Chen, Katrina McLaughlin, Joseph Womble, Kyle Richmond-Crosset
2022 World Resources Institute  
and water heaters, in the context of Federal Energy Regulatory Commission (FERC) Order Number 2222.  ...  This paper discusses how U.S. local governments can make money and derive benefits from emerging market opportunities related to distributed energy resources (DERs), like rooftop solar, electric vehicles  ...  At WRI, Zach Greene and Nate Hausman offered critical research support and advice in the development of this paper.  ... 
doi:10.46830/wriwp.21.00170 fatcat:fplqcs62jrba3pyk57tdfmh2k4
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