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Trading Small Prosumers Flexibility in the Energy and Tertiary Reserve Markets

Title
Trading Small Prosumers Flexibility in the Energy and Tertiary Reserve Markets
Type
Article in International Scientific Journal
Year
2019
Authors
J. P. Iria
(Author)
Other
The person does not belong to the institution. The person does not belong to the institution. The person does not belong to the institution. View Authenticus page Without ORCID
F. J. Soares
(Author)
Other
The person does not belong to the institution. The person does not belong to the institution. The person does not belong to the institution. View Authenticus page Without ORCID
Journal
Vol. 10 No. 3
Pages: 2371-2382
ISSN: 1949-3053
Publisher: IEEE
Indexing
Publicação em ISI Web of Science ISI Web of Science
Publicação em Scopus Scopus
INSPEC
Other information
Authenticus ID: P-00N-GG1
Abstract (EN): This paper addresses the participation of an aggregator of small prosumersin the energy and tertiary reserve markets. A two-stage stochastic optimization model is proposed to exploit the load and generation flexibility of the prosumers. The aim is to define energy and tertiary reserve bids to minimize the net cost of the aggregator buying and selling energy in the day-ahead and real-time markets, as well as to maximize the revenue of selling tertiary reserve during the real-time stage. Scenario-based stochastic programming is used to deal with the uncertainties of photovoltaic power generation, electricity demand, outdoor temperature, end-users' behavior, and preferences. A case study of 1000 small prosumers from MIBEL is used to compare the proposed strategy to two other strategies. The numerical results show that the proposed strategy reduces the bidding net cost of the aggregator by 48% when compared to an inflexible strategy typically used by retailers.
Language: English
Type (Professor's evaluation): Scientific
No. of pages: 12
Documents
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