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Demand Response and Distributed Generation Remuneration Approach Considering Planning and Operation Stages
The need for new business models to replace existing ones, soon obsolete, is a subject often discussed among researchers in the area. It is essential to find a practical solution that includes the concepts of demand response and distributed generation in the energy markets, these being the future of the electricity grid. It is believed that these resources can bring advantages to the operation of the system, namely increasing technical efficiency. However, one of the problems is the aggregation of small resources as a result of the associated uncertainties. The authors propose a business model with three main phases used in planning: optimal scheduling, aggregation, and remuneration. In this paper, a new phase was added, the classification, with the main purpose of assisting the aggregator of these small resources in operating situations. The focus is on the fair remuneration of participants in the management of the market, in addition to minimizing operating costs. After testing four different remuneration methods, it was proved that the method proposed by the authors obtained better results, proving the viability of the proposed model. ; The present work was done and funded in the scope of the following projects: European Union's Horizon 2020 project DOMINOES (grant agreement No 771066), and UID/EEA/00760/2019 funded by FEDER Funds through COMPETE program and by National Funds through FCT. ; info:eu-repo/semantics/publishedVersion
Demand Response and Distributed Generation Remuneration Approach Considering Planning and Operation Stages
The need for new business models to replace existing ones, soon obsolete, is a subject often discussed among researchers in the area. It is essential to find a practical solution that includes the concepts of demand response and distributed generation in the energy markets, these being the future of the electricity grid. It is believed that these resources can bring advantages to the operation of the system, namely increasing technical efficiency. However, one of the problems is the aggregation of small resources as a result of the associated uncertainties. The authors propose a business model with three main phases used in planning: optimal scheduling, aggregation, and remuneration. In this paper, a new phase was added, the classification, with the main purpose of assisting the aggregator of these small resources in operating situations. The focus is on the fair remuneration of participants in the management of the market, in addition to minimizing operating costs. After testing four different remuneration methods, it was proved that the method proposed by the authors obtained better results, proving the viability of the proposed model. ; The present work was done and funded in the scope of the following projects: European Union's Horizon 2020 project DOMINOES (grant agreement No 771066), and UID/EEA/00760/2019 funded by FEDER Funds through COMPETE program and by National Funds through FCT. ; info:eu-repo/semantics/publishedVersion
Demand Response and Distributed Generation Remuneration Approach Considering Planning and Operation Stages
Silva, Cátia (author) / Faria, Pedro (author) / Vale, Zita (author)
2019-01-01
doi:10.3390/en12142721
Article (Journal)
Electronic Resource
English
DDC:
690
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