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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Koponen, P. Ikaheimo, J. Vicino, A. Agnetis, A. De Pascale, G. Ruiz Carames, N. Jimeno, J. Sanchez-Ubeda, E.F. Garcia-Gonzalez, P. Cossent, R. |
| Copyright Year | 2012 |
| Description | Author affiliation: ICAI School of Engineering, Comillas Pontifical University, Madrid, Spain (Sanchez-Ubeda, E.F.; Garcia-Gonzalez, P.; Cossent, R.) || University of Siena, Italy (Vicino, A.; Agnetis, A.; De Pascale, G.) || Tecnalia, Parque Tecnológico de Bizkaia, 48160 Derio, Spain (Ruiz Carames, N.; Jimeno, J.) || VTT Technical Research Centre of Finland, Finland (Koponen, P.; Ikaheimo, J.) |
| Abstract | Flexibility of distributed energy resources is increasingly needed in the electricity markets and grids. But this dispersed flexibility can be used efficiently only if it is aggregated to wholesale market products. A set of software tools was developed for an actor or a company who aggregates flexible household demand for the electricity market and network operators. The tools comprise 1) short term forecasting of electricity market prices, 2) forecasting loads and their responses to control signals, 3) optimal selection of the control signals and consequently also the responses in each situation, 4) relevant external interfaces, and 5) a database and coordinating logic that integrate the tools into toolbox software. In addition to the operational time horizon tools also tools were considered for longer term decision making such as support for development of a portfolio of retail and wholesale market contracts in order to manage risks and maximize the value of flexibility. |
| Starting Page | 623 |
| Ending Page | 628 |
| File Size | 362380 |
| Page Count | 6 |
| File Format | |
| ISBN | 9781467314534 |
| e-ISBN | 9781467314541 |
| DOI | 10.1109/EnergyCon.2012.6348227 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2012-09-09 |
| Publisher Place | Italy |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Demand Response Aggregation of distributed energy resources Electricity supply industry Software Forecasting Energy management Optimization Contracts Load modeling |
| Content Type | Text |
| Resource Type | Article |
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