TY - GEN
T1 - Toolbox for aggregator of flexible demand
AU - Koponen, Pekka
AU - Ikaheimo, Jussi
AU - Vicino, Antonio
AU - Agnetis, Alessandro
AU - De Pascale, Gianluca
AU - Ruiz Carames, Nerea
AU - Jimeno, Joseba
AU - Sanchez-Ubeda, Eugenio F.
AU - Garcia-Gonzalez, Pablo
AU - Cossent, Rafael
PY - 2012
Y1 - 2012
N2 - 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.
AB - 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.
KW - aggregation of distributed energy resources
KW - Demand Response
KW - forecasting
KW - optimization
UR - http://www.scopus.com/inward/record.url?scp=84870823626&partnerID=8YFLogxK
U2 - 10.1109/EnergyCon.2012.6348227
DO - 10.1109/EnergyCon.2012.6348227
M3 - Conference contribution
AN - SCOPUS:84870823626
SN - 9781467314541
T3 - 2012 IEEE International Energy Conference and Exhibition, ENERGYCON 2012
SP - 623
EP - 628
BT - 2012 IEEE International Energy Conference and Exhibition, ENERGYCON 2012
T2 - 2012 IEEE International Energy Conference and Exhibition, ENERGYCON 2012
Y2 - 9 September 2012 through 12 September 2012
ER -