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.

Favuzza, S., Galioto, G.E., Ippolito, M.G., Massaro, F., Milazzo, F., Pecoraro, G., et al. (2015). Real-time pricing for aggregates energy resources in the Italian energy market. ENERGY, 87, 251-258 [10.1016/j.energy.2015.04.105].

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

FAVUZZA, Salvatore;Galioto, GE;IPPOLITO, Mariano Giuseppe;MASSARO, Fabio;MILAZZO, Fabrizio;PECORARO, Gabriele
;
RIVA SANSEVERINO, Eleonora;TELARETTI, Enrico
2015

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.
Settore ING-IND/33 - Sistemi Elettrici Per L'Energia
Favuzza, S., Galioto, G.E., Ippolito, M.G., Massaro, F., Milazzo, F., Pecoraro, G., et al. (2015). Real-time pricing for aggregates energy resources in the Italian energy market. ENERGY, 87, 251-258 [10.1016/j.energy.2015.04.105].
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10447/144993
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