Electricity Market Optimization of Heat Pump Portfolio

Benjamin Biegel, Palle Andersen, Tom S. Pedersen, Kirsten M. Nielsen, Jakob Stoustrup, Lars Henrik Hansen

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

21 Citations (Scopus)

Abstract

We consider a portfolio of domestic heat pumps controlled by an aggregator. The aggregator is able to adjust the consumption of the heat pumps without affecting the comfort in the houses and uses this ability to shift the main consumption to hours with low electricity prices. Further, the aggregator is able to place upward and downward regulating bids in the regulating power market based on the consumption flexibility. A simulation is carried out based on data from a Danish domestic heat pump project, historical spot prices, regulating power prices, and spot price predictions. The simulations show that price reductions of 18 − 20 % can be achieved compared to the heat pumps currently in operation.
Original languageEnglish
Title of host publicationControl Applications (CCA), 2013 IEEE International Conference on
PublisherIEEE
Publication date2013
Pages294 - 301
ISBN (Print)978-1-4799-1559-0
DOIs
Publication statusPublished - 2013
EventI E E E International Conference on Control Applications, CCA 2013: Part of 2013 IEEE Multi-Conference on Systems and Control - Hyderabad, India
Duration: 28 Aug 201330 Aug 2013

Conference

ConferenceI E E E International Conference on Control Applications, CCA 2013
Country/TerritoryIndia
CityHyderabad
Period28/08/201330/08/2013
SeriesI E E E International Conference on Control Applications. Proceedings
ISSN1085-1992

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