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The widespread investments in renewable energy sources (RES) in the last 10 years has created a huge burden on the national RES funds due to the flaws in the initial RES support schemes and therefore scheme restoration was inevitable. In the meantime the situation at the energy market has changed radically, some RES technology costs reached grid parity and the development of other complementing technologies...
The increased penetration of intermittent renewable energy sources (RESs) requires flexible resources such as demand response (DR) and energy storage to achieve balance between demand and supply in future grids (FGs). Hence, it is necessary to consider the impact of emerging demand-side technologies for modelling net demand in FG Scenarios. This paper studies the aggregated effect of PRICE-TAKING...
This paper is concerned with integration of demand response from small loads such as residential small appliance into forward electricity market. We use a simple model and formulate the problem as a dynamic program that maximizes social welfare. We focus particularly in those electric appliances with intertemporal consumption constraint. The satisfaction of end-users from operating them are captured...
This work seeks to determine the potentials of a Demand Aggregator into the Demand Response scheme. The authors describe and validate the optimization technique used by the Aggregator to enable demand flexibility in domestic microgrid premises. The microgrid is comprised of Distributed Generation and shiftable load devices. By applying a monetary incentive signal in the microgrid's Energy Management...
This paper presents a new stochastic multi-layer agent-based model to study the behavior of electricity market participants. The wholesale market players including renewable power producers are modeled in the first layer of the proposed multi-agent environment. The players optimize bidding/offering strategies to participate in the electricity markets. In the second layer, responsive customers including...
For the past few years, plug-in electric vehicle (PEV) technology development has gained immense popularity. Recent studies show that if PEVs displaced half of all vehicles on the road, they would require only an 8% increase in electricity generation. Results similar to this help encourage the continuing development of PEVs. Despite this small increase in generation, uncontrolled charging, especially...
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