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Aggregator trading and demand dispatch under price and load uncertainty
RISE - Research Institutes of Sweden, Safety and Transport, Measurement Science and Technology.
2016 (English)In: IEEE PES Innovative Smart Grid Technologies Conference Europe, 2016Conference paper, Published paper (Refereed)
Abstract [en]

The liberalization of electricity markets and the transformation of electric power systems to include large amounts of variable output generation, has led to a growing interest in flexible demand and demand response. Making demand response available on the wholesale market on a large scale is a challenge. Retailers and aggregators, providing services to individual consumers as well as bringing aggregated flexibility to the wholesale market, is foreseen to play important roles in this respect. This paper presents a aggregator decision support model for demand scheduling, including demand response and purchase bid optimization for day-ahead markets. Income from providing electricity to consumers, and costs related to imbalances, rescheduling and energy not served are also considered. The model includes risk management by applying the conditional value-at-risk risk measure. The feasibility of the developed model is validated through a case study using historical data from the Swedish power system and market.

Place, publisher, year, edition, pages
2016.
Keyword [en]
aggregator, day-ahead market, Demand response, risk management, stochastic programming, Decision support systems, Economic analysis, Electric power systems, Electric power transmission networks, Risk assessment, Smart power grids, Stochastic systems, Value engineering, Bid optimizations, Conditional Value-at-Risk, Day ahead market, Decision support models, Load uncertainty, Wholesale markets, Commerce
National Category
Natural Sciences
Identifiers
URN: urn:nbn:se:ri:diva-31036DOI: 10.1109/ISGTEurope.2016.7856228Scopus ID: 2-s2.0-85017529911ISBN: 9781509033584 OAI: oai:DiVA.org:ri-31036DiVA: diva2:1138513
Conference
2016 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT Europe 2016, 9 October 2016 through 12 October 2016
Available from: 2017-09-05 Created: 2017-09-05 Last updated: 2017-09-07Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
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