Real-time pricing for aggregates energy resources in the Italian energy market

S. Favuzza, G. Galioto, M.G. Ippolito, F. Massaro, F. Milazzo, G. Pecoraro, E. Riva Sanseverino and E. Telaretti

Energy, 2015, vol. 87, issue C, 251-258

Abstract: Over the last decade, the architecture of the energy market has radically changed. In many countries end-users are now able to directly access the market, which has given rise to the question of how they can actively participate in that market. End-users can comprise a critical mass through aggregation that is carried out by a third party – to wit the “loads aggregator.” This paper proposes a new framework for generating feasible real-time price curves for those end-users in a demand-response management process. The underlying algorithm generates output curves as the solution to a constrained optimization problem whose objective function is the aggregator's economic benefit. A case simulation study of the Italian market, with various parameter options, illustrates the procedure.

Keywords: Real time pricing; Optimization; Loads aggregation (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:87:y:2015:i:c:p:251-258

DOI: 10.1016/j.energy.2015.04.105

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