Demand Response and Distributed Generation Remuneration Approach Considering Planning and Operation Stages

Cátia Silva, Pedro Faria and Zita Vale
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Cátia Silva: GECAD—Research Group on Intelligent Engineering and Computing for Advanced Innovation and Development, Rue Dr.Antonio Bernardino de Almeida 431, 4200-072 Porto, Portugal
Pedro Faria: GECAD—Research Group on Intelligent Engineering and Computing for Advanced Innovation and Development, Rue Dr.Antonio Bernardino de Almeida 431, 4200-072 Porto, Portugal
Zita Vale: Polytechnic of Porto, Praça de Gomes Teixeira, 4099-002 Porto, Portugal

Energies, 2019, vol. 12, issue 14, 1-23

Abstract: The need for new business models to replace existing ones, soon obsolete, is a subject often discussed among researchers in the area. It is essential to find a practical solution that includes the concepts of demand response and distributed generation in the energy markets, these being the future of the electricity grid. It is believed that these resources can bring advantages to the operation of the system, namely increasing technical efficiency. However, one of the problems is the aggregation of small resources as a result of the associated uncertainties. The authors propose a business model with three main phases used in planning: optimal scheduling, aggregation, and remuneration. In this paper, a new phase was added, the classification, with the main purpose of assisting the aggregator of these small resources in operating situations. The focus is on the fair remuneration of participants in the management of the market, in addition to minimizing operating costs. After testing four different remuneration methods, it was proved that the method proposed by the authors obtained better results, proving the viability of the proposed model.

Keywords: classification; demand response; remuneration; energy market (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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