Day-ahead Trading of Aggregated Energy Flexibility

Emmanouil Valsomatzis; Torben Bach Pedersen; Alberto Abelló

doi:10.1145/3208903.3208936

Day-ahead Trading of Aggregated Energy Flexibility

Emmanouil Valsomatzis, Torben Bach Pedersen, Alberto Abelló

Research output: Contribution to book/anthology/report/conference proceeding › Article in proceeding › Research › peer-review

12 Citations (Scopus)

Abstract

Flexibility of small loads, in particular from Electric Vehicles (EVs), has recently attracted a lot of interest due to their possibility of participating in the energy market and the new commercial potentials. Different from existing work, the aggregation technique proposed in this paper produces flexible aggregated loads from EVs taking into account technical market requirements. The flexible aggregated loads can be further traded in the day-ahead market by a Balance Responsible Party (BRP) via the so-called flexible orders. As a result, the BRP can achieve more than 19% cost reduction in energy purchase based on the 2017 real electricity prices from Danish electricity market.

Original language	English
Title of host publication	e-Energy 2018 - Proceedings of the 9th ACM International Conference on Future Energy Systems
Number of pages	5
Place of Publication	New York, NY, USA
Publisher	Association for Computing Machinery
Publication date	12 Jun 2018
Pages	134-138
ISBN (Print)	978-1-4503-5767-8
DOIs	https://doi.org/10.1145/3208903.3208936
Publication status	Published - 12 Jun 2018
Event	Ninth ACM International Conference on Future Energy Systems (ACM e-Energy) - , Germany Duration: 12 Jun 2018 → 15 Jun 2018

Conference

Conference	Ninth ACM International Conference on Future Energy Systems (ACM e-Energy)
Country/Territory	Germany
Period	12/06/2018 → 15/06/2018

Series	e-Energy '18

Keywords

Aggregation, Day-Ahead market, Energy Flexibility

Access to Document

10.1145/3208903.3208936

AUB Link

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Cite this

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title = "Day-ahead Trading of Aggregated Energy Flexibility",

abstract = "Flexibility of small loads, in particular from Electric Vehicles (EVs), has recently attracted a lot of interest due to their possibility of participating in the energy market and the new commercial potentials. Different from existing work, the aggregation technique proposed in this paper produces flexible aggregated loads from EVs taking into account technical market requirements. The flexible aggregated loads can be further traded in the day-ahead market by a Balance Responsible Party (BRP) via the so-called flexible orders. As a result, the BRP can achieve more than 19% cost reduction in energy purchase based on the 2017 real electricity prices from Danish electricity market.",

keywords = "Aggregation, Day-Ahead market, Energy Flexibility",

author = "Emmanouil Valsomatzis and Pedersen, {Torben Bach} and Alberto Abell{\'o}",

year = "2018",

month = jun,

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doi = "10.1145/3208903.3208936",

language = "English",

isbn = "978-1-4503-5767-8",

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publisher = "Association for Computing Machinery",

pages = "134--138",

booktitle = "e-Energy 2018 - Proceedings of the 9th ACM International Conference on Future Energy Systems",

address = "United States",

note = "Ninth ACM International Conference on Future Energy Systems (ACM e-Energy) ; Conference date: 12-06-2018 Through 15-06-2018",

}

Valsomatzis, E, Pedersen, TB & Abelló, A 2018, Day-ahead Trading of Aggregated Energy Flexibility. in e-Energy 2018 - Proceedings of the 9th ACM International Conference on Future Energy Systems. Association for Computing Machinery, New York, NY, USA, e-Energy '18, pp. 134-138, Ninth ACM International Conference on Future Energy Systems (ACM e-Energy), Germany, 12/06/2018. https://doi.org/10.1145/3208903.3208936

Day-ahead Trading of Aggregated Energy Flexibility. / Valsomatzis, Emmanouil; Pedersen, Torben Bach; Abelló, Alberto.
e-Energy 2018 - Proceedings of the 9th ACM International Conference on Future Energy Systems. New York, NY, USA: Association for Computing Machinery, 2018. p. 134-138 (e-Energy '18).

Research output: Contribution to book/anthology/report/conference proceeding › Article in proceeding › Research › peer-review

TY - GEN

T1 - Day-ahead Trading of Aggregated Energy Flexibility

AU - Valsomatzis, Emmanouil

AU - Pedersen, Torben Bach

AU - Abelló, Alberto

PY - 2018/6/12

Y1 - 2018/6/12

N2 - Flexibility of small loads, in particular from Electric Vehicles (EVs), has recently attracted a lot of interest due to their possibility of participating in the energy market and the new commercial potentials. Different from existing work, the aggregation technique proposed in this paper produces flexible aggregated loads from EVs taking into account technical market requirements. The flexible aggregated loads can be further traded in the day-ahead market by a Balance Responsible Party (BRP) via the so-called flexible orders. As a result, the BRP can achieve more than 19% cost reduction in energy purchase based on the 2017 real electricity prices from Danish electricity market.

AB - Flexibility of small loads, in particular from Electric Vehicles (EVs), has recently attracted a lot of interest due to their possibility of participating in the energy market and the new commercial potentials. Different from existing work, the aggregation technique proposed in this paper produces flexible aggregated loads from EVs taking into account technical market requirements. The flexible aggregated loads can be further traded in the day-ahead market by a Balance Responsible Party (BRP) via the so-called flexible orders. As a result, the BRP can achieve more than 19% cost reduction in energy purchase based on the 2017 real electricity prices from Danish electricity market.

KW - Aggregation, Day-Ahead market, Energy Flexibility

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U2 - 10.1145/3208903.3208936

DO - 10.1145/3208903.3208936

M3 - Article in proceeding

SN - 978-1-4503-5767-8

T3 - e-Energy '18

SP - 134

EP - 138

BT - e-Energy 2018 - Proceedings of the 9th ACM International Conference on Future Energy Systems

PB - Association for Computing Machinery

CY - New York, NY, USA

T2 - Ninth ACM International Conference on Future Energy Systems (ACM e-Energy)

Y2 - 12 June 2018 through 15 June 2018

ER -

Day-ahead Trading of Aggregated Energy Flexibility

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Conference

Keywords

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