Integration in MASCEM of the Joint Dispatch of Energy and Reserves Provided by Generation and Demand Resources

The provision of reserves in power systems is of great importance in what concerns keeping an adequate and acceptable level of security and reliability. This need for reserves and the way they are defined and dispatched gain increasing importance in the present and future context of smart grids and...

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Bibliographic Details
Main Author: Soares, Tiago (author)
Other Authors: Santos, Gabriel (author), Faria, Pedro (author), Ppinto, Tiago (author), Vale, Zita (author), Morais, Hugo (author)
Format: conferenceObject
Language:eng
Published: 2015
Subjects:
Ancillary services
Demand Response
Joint market simulation
Multi agent systems
Virtual Power Player
Online Access:http://hdl.handle.net/10400.22/5924
Country:Portugal
Oai:oai:recipp.ipp.pt:10400.22/5924
Description
Summary:The provision of reserves in power systems is of great importance in what concerns keeping an adequate and acceptable level of security and reliability. This need for reserves and the way they are defined and dispatched gain increasing importance in the present and future context of smart grids and electricity markets due to their inherent competitive environment. This paper concerns a methodology proposed by the authors, which aims to jointly and optimally dispatch both generation and demand response resources to provide the amounts of reserve required for the system operation. Virtual Power Players are especially important for the aggregation of small size demand response and generation resources. The proposed methodology has been implemented in MASCEM, a multi agent system also developed at the authors’ research center for the simulation of electricity markets.

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