Adjustable consumption participating in the electricity markets

Benjamin Biegel, Lars Henrik Hansen, Jakob Stoustrup, Palle Andersen, Silas Harbo

Research output: Contribution to book/anthology/report/conference proceedingArticle in proceedingResearchpeer-review

4 Citations (Scopus)

Abstract

We consider a player managing a portfolio of
flexible demand-side devices and examine the requirements
for such a player to become an active player in the Nordic
electricity system. In particular, we examine the regulatory requirements that must be satisfied to perform spot price optimization and to participate in the regulating power market. To conceptualize these requirements, we estimate the costs per consumer for honoring the given requirements, both under the current regulations but also under the planned future regulations. Finally, we consider a specific case study where domestic appliances are aggregated and utilized for spot price optimization and to participate in the regulating power market. In this case study we examine in detail the implications of the given regulatory requirements for market participation in the Nordic system and compare this with estimates of the revenue that can be generated via market participation. The case study shows that the profit in the current system is very limited but that planned regulatory changes will make market participation significantly more attractive.
Original languageEnglish
Title of host publicationDecision and Control (CDC), 2013 IEEE 52nd Annual Conference on
PublisherIEEE
Publication date2013
Pages4943 - 4948
ISBN (Print)978-1-4673-5717-3
DOIs
Publication statusPublished - 2013
Event2013 IEEE 52nd Annual Conference on Decision and Control (CDC) - Congress Centre, Firenze, Italy
Duration: 10 Dec 201313 Dec 2013
Conference number: 58

Conference

Conference2013 IEEE 52nd Annual Conference on Decision and Control (CDC)
Number58
LocationCongress Centre
CountryItaly
CityFirenze
Period10/12/201313/12/2013
SeriesI E E E Conference on Decision and Control. Proceedings
ISSN0743-1546

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