Strategic Trade of Multi-Energy Aggregators with Local Multi-Energy Systems while Participating in Energy and Reserve Markets

Nilufar Neyestani; António Coelho; Filipe Soares

doi:10.1109/EEM.2019.8916369

Strategic Trade of Multi-Energy Aggregators with Local Multi-Energy Systems while Participating in Energy and Reserve Markets

Nilufar Neyestani, António Coelho, Filipe Soares

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

2 Citations (Scopus)

Abstract

The multi-energy systems (MES) contain key resources driving the evolution of the future systems. Various components and convertors that are available in a MES make it operationally flexible and a potential source to be deployed in system operation. Like any other resources in the system, the flexibility brought by MES needs to be fairly valued. One of the approaches is through market participation of these resources. In this regard, new agents and trade system need to be defined. This paper studies the interactions of a multi-energy aggregator on various trade levels defined within the multi-energy paradigm. The levels include the upstream multi-energy markets as well as local energy trades such as local resources and flexible demand. The results discuss the increased level of profit due to the availability of multi-energy trade to the aggregator.

Original language	English
Title of host publication	2019 16th International Conference on the European Energy Market (EEM)
Publisher	Institute of Electrical and Electronics Engineers
Pages	1-5
Number of pages	5
ISBN (Electronic)	978-1-7281-1257-2
DOIs	https://doi.org/10.1109/EEM.2019.8916369
Publication status	Published - 28 Nov 2019
Externally published	Yes
Event	16th International Conference on the European Energy Market, EEM 2019 - Ljubljana, Slovenia Duration: 18 Sept 2019 → 20 Sept 2019

Conference

Conference	16th International Conference on the European Energy Market, EEM 2019
Country/Territory	Slovenia
City	Ljubljana
Period	18/09/19 → 20/09/19

Keywords

Linear programming
Cogeneration
Resistance heating
Decision making
Load management
Boilers

Access to Document

10.1109/EEM.2019.8916369

Cite this

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title = "Strategic Trade of Multi-Energy Aggregators with Local Multi-Energy Systems while Participating in Energy and Reserve Markets",

abstract = "The multi-energy systems (MES) contain key resources driving the evolution of the future systems. Various components and convertors that are available in a MES make it operationally flexible and a potential source to be deployed in system operation. Like any other resources in the system, the flexibility brought by MES needs to be fairly valued. One of the approaches is through market participation of these resources. In this regard, new agents and trade system need to be defined. This paper studies the interactions of a multi-energy aggregator on various trade levels defined within the multi-energy paradigm. The levels include the upstream multi-energy markets as well as local energy trades such as local resources and flexible demand. The results discuss the increased level of profit due to the availability of multi-energy trade to the aggregator.",

keywords = "Linear programming, Cogeneration, Resistance heating, Decision making, Load management, Boilers",

author = "Nilufar Neyestani and Ant{\'o}nio Coelho and Filipe Soares",

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note = "16th International Conference on the European Energy Market, EEM 2019 ; Conference date: 18-09-2019 Through 20-09-2019",

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Neyestani, N, Coelho, A & Soares, F 2019, Strategic Trade of Multi-Energy Aggregators with Local Multi-Energy Systems while Participating in Energy and Reserve Markets. in 2019 16th International Conference on the European Energy Market (EEM)., 8916369, Institute of Electrical and Electronics Engineers, pp. 1-5, 16th International Conference on the European Energy Market, EEM 2019, Ljubljana, Slovenia, 18/09/19. https://doi.org/10.1109/EEM.2019.8916369

Strategic Trade of Multi-Energy Aggregators with Local Multi-Energy Systems while Participating in Energy and Reserve Markets. / Neyestani, Nilufar; Coelho, António; Soares, Filipe.
2019 16th International Conference on the European Energy Market (EEM). Institute of Electrical and Electronics Engineers, 2019. p. 1-5 8916369.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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T1 - Strategic Trade of Multi-Energy Aggregators with Local Multi-Energy Systems while Participating in Energy and Reserve Markets

AU - Neyestani, Nilufar

AU - Coelho, António

AU - Soares, Filipe

PY - 2019/11/28

Y1 - 2019/11/28

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AB - The multi-energy systems (MES) contain key resources driving the evolution of the future systems. Various components and convertors that are available in a MES make it operationally flexible and a potential source to be deployed in system operation. Like any other resources in the system, the flexibility brought by MES needs to be fairly valued. One of the approaches is through market participation of these resources. In this regard, new agents and trade system need to be defined. This paper studies the interactions of a multi-energy aggregator on various trade levels defined within the multi-energy paradigm. The levels include the upstream multi-energy markets as well as local energy trades such as local resources and flexible demand. The results discuss the increased level of profit due to the availability of multi-energy trade to the aggregator.

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KW - Cogeneration

KW - Resistance heating

KW - Decision making

KW - Load management

KW - Boilers

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Strategic Trade of Multi-Energy Aggregators with Local Multi-Energy Systems while Participating in Energy and Reserve Markets

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Keywords

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