 Network-constrained bidding optimization strategy for aggregators of prosumersJosé Iria, Paul Scott and Ahmad Attarha Energy, 2020, vol. 207, issue C Abstract: The large-scale deployment of smart home technologies will unlock the flexibility of prosumers, which in turn will be transformed into electricity market services by aggregators. This paper proposes a new network-constrained bidding optimization strategy to coordinate the participation of aggregators of prosumers in the day-ahead energy and secondary reserve markets. This bidding optimization strategy consists of a decentralized approach based on the alternating direction method of multipliers, where aggregators negotiate with the distribution system operator to obtain network-constrained energy and secondary reserve bids. For a case study of 2 aggregators and 1 distribution system operator, the results show that the network-constrained bidding strategy computes cost-effective and network-feasible energy and secondary reserve bids, as opposed to a network-free bidding strategy. In addition, the network-constrained bidding strategy preserves the independent roles of aggregators and the distribution system operator, and the data privacy of all agents. Keywords: Aggregators; Prosumers; Bidding; Electricity markets; Distribution networks (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:207:y:2020:i:c:s0360544220313736 DOI: 10.1016/j.energy.2020.118266 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
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