Joint Energy and Reserve Scheduling of a Wind Power Producer in a Peer-to-Peer Mechanism

This paper proposes a risk constrained decision making problem for wind power producers (WPPs) in a competitive environment. In this problem, the WPP copts to maximize its likely profit whereas aggregators want to minimize their payments. So, this bi-level problem is converted to a single level one. Then, the WPP offers proper prices to the aggregators to attract them to supply their demand. Also, these aggregators can procure reserve for the WPP to compensate its uncertainties. Therefore, through a peer-to- peer (P2P) trading mechanism, the WPP requests the aggregators to allocate reserve to cover the uncertainties of the wind generation. Also, due to the presence of uncertain resources of the problem, a risk measurement tool is applied to the problem to control the uncertainties. The effectiveness of the model is assessed on realistic data from the Nordpool market and the results show that as the loads become responsive, more loads are allowed to choose their WPP to supply their load. Also, the reserve that is provided by these responsive loads to the WPP increases.©2020 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.fi=vertaisarvioitu|en=peerReviewed

Bi-level model for operational scheduling of a distribution company that supplies electric vehicle parking lots

Nowadays, the presence of renewable energy resources (RERs), electric vehicle (EV) penetration, and the implementation of demand response (DR) programs are the main affecting factors in the operational scheduling of a distribution company (DISCO). By the new market participants such as parking lot (PL) owners in the DISCO, a bi-level framework can be created for modeling the distribution network. Therefore, in this paper, a new bi-level model is suggested for DISCO’s operational scheduling that involves technical and environmental terms in the objective function. The maximization of the profit of the DISCO owner and the PL owner are the objective functions in each level. These purposes depend on the customers’ load, the power purchased from the upstream network, the power exchanged with the PL owner (for the upper-level) and the power exchanged with the DISCO owner, as well as the EV owners (for the lower-level). Linearization of the model is carried out by applying the Karush–Kuhn–Tucker (KKT) condition and Fortuny-Amat and McCarl linearization approach. Furthermore, EVs’ and RERs’ uncertainties, as well as DR programs are modeled. Also, three types of risk are described including risk-seeker, risk-neutral, and risk-averse (with conditional value-at-risk (CVaR) index). For evaluation of the proposed model, it is applied to the IEEE 15-bus test system. Results show that by charging/discharging schedule of EVs and critical peak pricing program, the DISCO owner gains more profit. Also, the sensitivity analysis allows determining that the EV penetration, nominal power of RERs and customer involvement in the DR program directly affect the DISCO owner’s profit.© 2019 Elsevier. This manuscript version is made available under the Creative Commons Attribution–NonCommercial–NoDerivatives 4.0 International (CC BY–NC–ND 4.0) license, https://creativecommons.org/licenses/by-nc-nd/4.0/fi=vertaisarvioitu|en=peerReviewed

Demand response performance and uncertainty: A systematic literature review

The present review has been carried out, resorting to the PRISMA methodology, analyzing 218 published articles. A comprehensive analysis has been conducted regarding the consumer's role in the energy market. Moreover, the methods used to address demand response uncertainty and the strategies used to enhance performance and motivate participation have been reviewed. The authors find that participants will be willing to change their consumption pattern and behavior given that they have a complete awareness of the market environment, seeking the optimal decision. The authors also find that a contextual solution, giving the right signals according to the different behaviors and to the different types of participants in the DR event, can improve the performance of consumers' participation, providing a reliable response. DR is a mean of demand-side management, so both these concepts are addressed in the present paper. Finally, the pathways for future research are discussed.This article is a result of the project RETINA (NORTE-01-0145- FEDER-000062), supported by Norte Portugal Regional Operational Programme (NORTE 2020), under the PORTUGAL 2020 Partnership Agreement, through the European Regional Development Fund (ERDF). We also acknowledge the work facilities and equipment provided by GECAD research center (UIDB/00760/2020) to the project team, and grants CEECIND/02887/2017 and SFRH/BD/144200/2019.info:eu-repo/semantics/publishedVersio

Residential aggregator risk constrained profit maximization under demand response program

Master of ScienceDepartment of Electrical and Computer EngineeringBala NatarajanAnil PahwaThis thesis proposes a Mixed Integer Non-Linear Programming (MINLP) stochastic energy model for an energy aggregator operating in the US distribution systems energy markets. Day- ahead, real-time and spot markets are considered as trading market options for the aggregator. When trading in real-time and spot markets; the aggregator faces multiple risks coming from load variability and uncertain market price. Deciding the selling price to be offered to the aggregator’s customers is a challenge for the aggregator. Uncertainties are modeled via stochastic programming and quantified via Conditional Value at Risk (CVaR). The aggregator’s optimal day-ahead selling prices to be offered to customers under real-time and spot prices uncertainty are determined by solving the proposed stochastic model. Changing the hourly prices offered to customers will change their hourly consumption resulting in a load redistribution during the day. Savings for the aggregator and customers will be gained by shifting the customers load to a lower price periods during the day. A case study is implemented to show the validity of the proposed model and influence of the aggregator in the distribution systems energy market