An Exchange Mechanism to Coordinate Flexibility in Residential Energy Cooperatives

@article{Chakraborty2019AnEM,
  title={An Exchange Mechanism to Coordinate Flexibility in Residential Energy Cooperatives},
  author={Shantanu Chakraborty and Pablo Hernandez-Leal and Michael Kaisers},
  journal={2019 IEEE International Conference on Industrial Technology (ICIT)},
  year={2019},
  pages={595-600}
}
Energy cooperatives (ECs) such as residential and industrial microgrids have the potential to mitigate increasing fluctuations in renewable electricity generation, but only if their joint response is coordinated. However, the coordination and control of independently operated flexible resources (e.g., storage, demand response) imposes critical challenges arising from the heterogeneity of the resources, conflict of interests, and impact on the grid. Correspondingly, overcoming these challenges… 

Figures from this paper

References

SHOWING 1-10 OF 17 REFERENCES
Optimal Demand Side Management by Distributed and Secured Energy Commitment Framework
TLDR
A demand-side distributed and secured energy commitment framework and operations for a Power Producer and Supplier in deregulated environment is introduced and the communicative burden among SSPs due to the exchange of energy information is reduced by applying an adaptive coalition formation method.
Local Energy Markets: Paving the Path Toward Fully Transactive Energy Systems
Triggered by the increased fluctuations of renewable energy sources, the European Commission stated the need for integrated short-term energy markets (e.g., intraday), and recognized the facilitating
Pool-Based Demand Response Exchange—Concept and Modeling
In restructured power systems, there are many independent players who benefit from demand response (DR). These include the transmission system operator (TSO), distributors, retailers, and
Regulatory Options for Local Reserve Energy Markets: Implications for Prosumers, Utilities, and Other Stakeholders
While the share of fluctuating renewable energy resources is constantly increasing, the centralized, hierarchical organization of the current energy system cannot adequately accommodate such
Optimization models for consumer flexibility aggregation in smart grids: The ADDRESS approach
TLDR
The paper proposes an optimization approach allowing the aggregator, i.e., the operator which manages the aggregated consumers, to gather flexibility and generate bids for the energy market, with the aim of maximizing its revenue.
Efficient balancing by effort-based activation of demand response services
TLDR
It is shown that the effort of stalling, measurable in kWh2, is a significant cost component for balancing through storage and demand response (DR) in future energy systems — with increased reliance on renewable generation.
Business Models in the Smart Grid: Challenges, Opportunities and Proposals for Prosumer Profitability
Considering that non-renewable energy resources are dwindling, the smart grid turns out to be one of the most promising and compelling systems for the future of energy. Not only does it combine
Renewable energy and the need for local energy markets
Hierarchical Control of Droop-Controlled AC and DC Microgrids—A General Approach Toward Standardization
TLDR
The hierarchical control derived from ISA-95 and electrical dispatching standards to endow smartness and flexibility to MGs is presented and results are provided to show the feasibility of the proposed approach.
...
...