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
PublisherInstitute of Electrical and Electronic Engineers IEEE
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

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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] Institute of Electrical and Electronic Engineers IEEE. 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. Institute of Electrical and Electronic Engineers IEEE, 2012. pp. 686-691
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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.",
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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, Institute of Electrical and Electronic Engineers IEEE, 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. Institute of Electrical and Electronic Engineers IEEE, 2012. p. 686-691 686.

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

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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. Institute of Electrical and Electronic Engineers IEEE. 2012. p. 686-691. 686 https://doi.org/10.1109/EnergyCon.2012.6348227