Paper Info
Title
Optimal Participation of DR Aggregators in Day-Ahead Energy and Demand Response Exchange Markets.
Abstract
Aggregating the Demand Response (DR) is approved as an effective solution to improve the participation of consumers to wholesale electricity markets. DR aggregator can negotiate the amount of collected DR of their customers with transmission system operator, distributors, and retailers in Demand Response eXchange (DRX) market, in addition to participate in the energy market. In this paper, a framework has been proposed to optimize the participation of a DR aggregator in day-ahead energy and intraday DRX markets. In this regard, the DR aggregator optimizes its participation schedule and offering/bidding strategy in the mentioned markets according to behavior of its customers. For this purpose, the customers' participation is modeled using a Supply Function Equilibrium (SFE) model. In addition, due to uncertainties of market prices and the behavior of consumers, an appropriate risk measurement, CVaR, is incorporated to the optimization problem. The numerical results show the effectiveness of the proposed framework.
Year
DOI
Venue
2014
10.1007/978-3-642-54734-8_39
IFIP Advances in Information and Communication Technology
Keywords
Field
DocType
CVaR,day-ahead market,demand response exchange,DR aggregator,energy market,intraday market
News aggregator,Electricity,Energy market,Market price,Microeconomics,Demand response,Control engineering,Engineering,Bidding,Optimization problem,CVAR
Conference
Volume
ISSN
Citations 
423
1868-4238
0
PageRank 
References 
Authors
0.34
2
4
Name
Order
Citations
PageRank
Ehsan Heydarian-Forushani152.46
Miadreza Shafie-khah24324.07
Maziar Yazdani Damavandi312.42
João P. S. Catalão44714.63