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  4. Distributed Bidding Strategy for an Aggregator Valuing Uncertain Prosumers in Energy and Ancillary Service Markets
 
conference paper

Distributed Bidding Strategy for an Aggregator Valuing Uncertain Prosumers in Energy and Ancillary Service Markets

Hamidi, Amir  
•
Bozorg, Mokhtar
•
Hamzeh, Mohsen
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January 1, 2023
2023 19Th International Conference On The European Energy Market, Eem
19th International Conference on the European Energy Market (EEM)

Aggregators have an influential intermediary role to exploit the flexibility of prosumers like smart homes for procuring the required capacity of ancillary services to support power systems. Local generation and consumption uncertainties of prosumers affect their cost reduction objectives which in turn have a significant impact on the flexibility capacity provided by them. So, towards boosting the operational flexibility capacity in the market, the aggregator's bidding and remuneration frameworks should devise a valuing scheme of prosumers considering this impact to induce positive incentives relieving capacity uncertainties. This scheme, simultaneously, should observe data privacy concerns. To this end, this paper proposes a day-ahead distributed bidding strategy framework for an aggregator to participate in regulation and energy markets using a new rewarding scheme derived from a flexibility certainty valuing approach. This framework is developed within the Benders decomposition method, in which the aggregator performs valuing of prosumers in the master problem through their implicit information extracted from home energy management systems modeled in the subproblems. The performance of the framework to appropriately reward prosumers is presented through numerical results for an illustrative case study.

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Type
conference paper
DOI
10.1109/EEM58374.2023.10161924
Web of Science ID

WOS:001032836700098

Author(s)
Hamidi, Amir  
Bozorg, Mokhtar
Hamzeh, Mohsen
Cherkaoui, Rachid  
Date Issued

2023-01-01

Publisher

IEEE

Publisher place

New York

Published in
2023 19Th International Conference On The European Energy Market, Eem
ISBN of the book

979-8-3503-1258-4

Series title/Series vol.

International Conference on the European Energy Market

Start page

429

Subjects

Green & Sustainable Science & Technology

•

Economics

•

Energy & Fuels

•

Engineering, Electrical & Electronic

•

Science & Technology - Other Topics

•

Business & Economics

•

Energy & Fuels

•

Engineering

•

aggregator

•

bidding strategy

•

distributed optimization

•

regulation market

•

remuneration of prosumers

•

system

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

Event nameEvent placeEvent date
19th International Conference on the European Energy Market (EEM)

Lappeenranta, FINLAND

Jun 06-08, 2023

Available on Infoscience
August 28, 2023
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/200176
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