Prosumer Integration in Flexibility Markets: A Bid Development and Pricing Model

Michel Zade, Yasin Incedag, Wessam El-Baz, Peter Tzscheutschler, Ulrich Wagner

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

12 Scopus citations

Abstract

The impact of renewable energies on the power grid is continuously increasing. Besides the emission-free power generation, the renewable energies often are the cause for congested grids, component failure and costly interventions by the distribution system operators (DSO)and transmission system operators (TSO)in order to maintain grid stability. The scientific community discusses in recent years the usability of distributed energy resources (DER)as flexible devices. However, no approach can be found that actually quantifies the potential flexibility and sets a price to it. The model presented in this paper optimizes the charging operation of an electric vehicle (EV)according to a price signal with a state of the art exhaustive search algorithm. Furthermore, this model offers all possible deviations from the optimal operation as flexibility to a corresponding market platform and sets a price to each offer, which is dependent on the future price level of the energy. With this model, it is possible to offer positive and negative prices for flexibility. The proposed model shows that an exhaustive enumeration algorithm is feasible to calculate flexibility offers, prices and applicable on currently discussed platform models. The example of an EV charging schedule is successfully modelled and described in this paper.

Original languageEnglish
Title of host publication2nd IEEE Conference on Energy Internet and Energy System Integration, EI2 2018 - Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781538685495
DOIs
StatePublished - 19 Dec 2018
Event2nd IEEE Conference on Energy Internet and Energy System Integration, EI2 2018 - Beijing, China
Duration: 20 Oct 201822 Oct 2018

Publication series

Name2nd IEEE Conference on Energy Internet and Energy System Integration, EI2 2018 - Proceedings

Conference

Conference2nd IEEE Conference on Energy Internet and Energy System Integration, EI2 2018
Country/TerritoryChina
CityBeijing
Period20/10/1822/10/18

Keywords

  • distributed energy resources
  • electric vehicles
  • flexibility platform
  • home energy management system
  • operation planning
  • smart grids

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