Optimal Participation of DR Aggregators in Day-Ahead Energy and Demand Response Exchange Markets

• Type: Article in International Conference Proceedings Book
• Date: 2014

Authors

Heydarian Forushani, E (Author) Other; Shafie khah, M (Author) Other; Damavandi, MY (Author) Other; Catalao, JPS (Author) Other

Conference proceedings International

Title: TECHNOLOGICAL INNOVATION FOR COLLECTIVE AWARENESS SYSTEMS

Pages: 353-360

5th IFIP WG 5.5/SOCOLNET Doctoral Conference on Computing, Electrical and Industrial Systems (DoCEIS)

Costa da Caparica, PORTUGAL, APR 07-09, 2014

Indexing

ISI Web of Knowledge - 1 Citation

Scopus - 1 Citation

Other information

Authenticus ID: P-00G-9Z6

DOI: 10.1007/978-3-642-54734-8_39

Abstract (EN): Aggregating the Demand Response (DR) is approved as an effective solution to improve the participation of consumers to wholesale electricity markets. DR aggregator can negotiate the amount of collected DR of their customers with transmission system operator, distributors, and retailers in Demand Response eXchange (DRX) market, in addition to participate in the energy market. In this paper, a framework has been proposed to optimize the participation of a DR aggregator in day-ahead energy and intraday DRX markets. In this regard, the DR aggregator optimizes its participation schedule and offering/bidding strategy in the mentioned markets according to behavior of its customers. For this purpose, the customers' participation is modeled using a Supply Function Equilibrium (SFE) model. In addition, due to uncertainties of market prices and the behavior of consumers, an appropriate risk measurement, CVaR, is incorporated to the optimization problem. The numerical results show the effectiveness of the proposed framework.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 8