Toolbox for aggregator of flexible demand

Pekka Koponen (Corresponding author), Jussi Ikäheimo, Antonio Vicino, Alessandro Agnetis, Gianluca De Pascale, Nerea Ruiz Carames, Joseba Jimeno, Eugenio F. Sánchez-Úbeda, Pablo Garcia-Gonzalez, Rafael Cossent

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    26 Citations (Scopus)

    Abstract

    Flexibility of distributed energy resources is increasingly needed in the electricity markets and grids. But this dispersed flexibility can be used efficiently only if it is aggregated to wholesale market products. A set of software tools was developed for an actor or a company who aggregates flexible household demand for the electricity market and network operators. The tools comprise 1) short term forecasting of electricity market prices, 2) forecasting loads and their responses to control signals, 3) optimal selection of the control signals and consequently also the responses in each situation, 4) relevant external interfaces, and 5) a database and coordinating logic that integrate the tools into toolbox software. In addition to the operational time horizon tools also tools were considered for longer term decision making such as support for development of a portfolio of retail and wholesale market contracts in order to manage risks and maximize the value of flexibility.
    Original languageEnglish
    Title of host publication2nd IEEE ENERGYCON Conference and Exhibition 2012
    Subtitle of host publicationFuture Energy Grids and Systems Symposium
    PublisherIEEE Institute of Electrical and Electronic Engineers
    Pages686-691
    Number of pages6
    ISBN (Electronic)978-1-4673-1454-1 , 978-1-4673-1452-7
    ISBN (Print)978-1-4673-1453-4
    DOIs
    Publication statusPublished - 9 Sep 2012
    MoE publication typeA4 Article in a conference publication
    EventIEEE International Energy Conference and Exhibition, ENERGYCON 2012: Future Energy Grids and Systems Symposioum - Florence, Italy
    Duration: 9 Sep 201212 Sep 2012
    Conference number: 2

    Conference

    ConferenceIEEE International Energy Conference and Exhibition, ENERGYCON 2012
    Abbreviated titleENERGYCON 2012
    CountryItaly
    CityFlorence
    Period9/09/1212/09/12

    Fingerprint

    Energy resources
    Mathematical operators
    Decision making
    Power markets
    Industry

    Cite this

    Koponen, P., Ikäheimo, J., Vicino, A., Agnetis, A., De Pascale, G., Ruiz Carames, N., ... Cossent, R. (2012). Toolbox for aggregator of flexible demand. In 2nd IEEE ENERGYCON Conference and Exhibition 2012: Future Energy Grids and Systems Symposium (pp. 686-691). [686] IEEE Institute of Electrical and Electronic Engineers . https://doi.org/10.1109/EnergyCon.2012.6348227
    Koponen, Pekka ; Ikäheimo, Jussi ; Vicino, Antonio ; Agnetis, Alessandro ; De Pascale, Gianluca ; Ruiz Carames, Nerea ; Jimeno, Joseba ; Sánchez-Úbeda, Eugenio F. ; Garcia-Gonzalez, Pablo ; Cossent, Rafael. / Toolbox for aggregator of flexible demand. 2nd IEEE ENERGYCON Conference and Exhibition 2012: Future Energy Grids and Systems Symposium. IEEE Institute of Electrical and Electronic Engineers , 2012. pp. 686-691
    @inproceedings{298673f881de4547a4b71aef35078daf,
    title = "Toolbox for aggregator of flexible demand",
    abstract = "Flexibility of distributed energy resources is increasingly needed in the electricity markets and grids. But this dispersed flexibility can be used efficiently only if it is aggregated to wholesale market products. A set of software tools was developed for an actor or a company who aggregates flexible household demand for the electricity market and network operators. The tools comprise 1) short term forecasting of electricity market prices, 2) forecasting loads and their responses to control signals, 3) optimal selection of the control signals and consequently also the responses in each situation, 4) relevant external interfaces, and 5) a database and coordinating logic that integrate the tools into toolbox software. In addition to the operational time horizon tools also tools were considered for longer term decision making such as support for development of a portfolio of retail and wholesale market contracts in order to manage risks and maximize the value of flexibility.",
    author = "Pekka Koponen and Jussi Ik{\"a}heimo and Antonio Vicino and Alessandro Agnetis and {De Pascale}, Gianluca and {Ruiz Carames}, Nerea and Joseba Jimeno and S{\'a}nchez-{\'U}beda, {Eugenio F.} and Pablo Garcia-Gonzalez and Rafael Cossent",
    year = "2012",
    month = "9",
    day = "9",
    doi = "10.1109/EnergyCon.2012.6348227",
    language = "English",
    isbn = "978-1-4673-1453-4",
    pages = "686--691",
    booktitle = "2nd IEEE ENERGYCON Conference and Exhibition 2012",
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    Koponen, P, Ikäheimo, J, Vicino, A, Agnetis, A, De Pascale, G, Ruiz Carames, N, Jimeno, J, Sánchez-Úbeda, EF, Garcia-Gonzalez, P & Cossent, R 2012, Toolbox for aggregator of flexible demand. in 2nd IEEE ENERGYCON Conference and Exhibition 2012: Future Energy Grids and Systems Symposium., 686, IEEE Institute of Electrical and Electronic Engineers , pp. 686-691, IEEE International Energy Conference and Exhibition, ENERGYCON 2012, Florence, Italy, 9/09/12. https://doi.org/10.1109/EnergyCon.2012.6348227

    Toolbox for aggregator of flexible demand. / Koponen, Pekka (Corresponding author); Ikäheimo, Jussi; Vicino, Antonio; Agnetis, Alessandro; De Pascale, Gianluca; Ruiz Carames, Nerea; Jimeno, Joseba; Sánchez-Úbeda, Eugenio F.; Garcia-Gonzalez, Pablo; Cossent, Rafael.

    2nd IEEE ENERGYCON Conference and Exhibition 2012: Future Energy Grids and Systems Symposium. IEEE Institute of Electrical and Electronic Engineers , 2012. p. 686-691 686.

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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    AU - Vicino, Antonio

    AU - Agnetis, Alessandro

    AU - De Pascale, Gianluca

    AU - Ruiz Carames, Nerea

    AU - Jimeno, Joseba

    AU - Sánchez-Úbeda, Eugenio F.

    AU - Garcia-Gonzalez, Pablo

    AU - Cossent, Rafael

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    N2 - Flexibility of distributed energy resources is increasingly needed in the electricity markets and grids. But this dispersed flexibility can be used efficiently only if it is aggregated to wholesale market products. A set of software tools was developed for an actor or a company who aggregates flexible household demand for the electricity market and network operators. The tools comprise 1) short term forecasting of electricity market prices, 2) forecasting loads and their responses to control signals, 3) optimal selection of the control signals and consequently also the responses in each situation, 4) relevant external interfaces, and 5) a database and coordinating logic that integrate the tools into toolbox software. In addition to the operational time horizon tools also tools were considered for longer term decision making such as support for development of a portfolio of retail and wholesale market contracts in order to manage risks and maximize the value of flexibility.

    AB - Flexibility of distributed energy resources is increasingly needed in the electricity markets and grids. But this dispersed flexibility can be used efficiently only if it is aggregated to wholesale market products. A set of software tools was developed for an actor or a company who aggregates flexible household demand for the electricity market and network operators. The tools comprise 1) short term forecasting of electricity market prices, 2) forecasting loads and their responses to control signals, 3) optimal selection of the control signals and consequently also the responses in each situation, 4) relevant external interfaces, and 5) a database and coordinating logic that integrate the tools into toolbox software. In addition to the operational time horizon tools also tools were considered for longer term decision making such as support for development of a portfolio of retail and wholesale market contracts in order to manage risks and maximize the value of flexibility.

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    M3 - Conference article in proceedings

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    PB - IEEE Institute of Electrical and Electronic Engineers

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    Koponen P, Ikäheimo J, Vicino A, Agnetis A, De Pascale G, Ruiz Carames N et al. Toolbox for aggregator of flexible demand. In 2nd IEEE ENERGYCON Conference and Exhibition 2012: Future Energy Grids and Systems Symposium. IEEE Institute of Electrical and Electronic Engineers . 2012. p. 686-691. 686 https://doi.org/10.1109/EnergyCon.2012.6348227