Delivery-Risk-Aware Flexibility Scheduling and Dispatch for Aggregated Flexible Loads
Conference
·
OSTI ID:2356779
Flexible loads like smart thermostats and water heaters can shift energy consumption and provide flexibility to the grid. However, this flexibility is dependent on occupant behavior and can lead to delivery risk, which causes utilities and grid operations to consider them as unreliable for purposes of grid operation. To date, they have not been well integrated into wholesale electricity markets or ancillary service offerings. With proper consideration of uncertainty and risk, these resources can be one of the most cost-effective sources of flexibility. This work uses stochastic optimization to quantify and bid flexibility from a fleet of flexible resources while considering their delivery risk.
- Research Organization:
- National Renewable Energy Laboratory (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE Advanced Research Projects Agency - Energy (ARPA-E)
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 2356779
- Report Number(s):
- NREL/PR-5D00-89735; MainId:90514; UUID:8f4a3025-baaf-4c25-9a4e-5538abbca98a; MainAdminId:72636
- Country of Publication:
- United States
- Language:
- English
Similar Records
An Integrated Paradigm for the Management of Delivery Risk in Electricity Markets: From Batteries to Insurance and Beyond [Slides]
Robust bidding strategy for aggregation of distributed prosumers in flexiramp market
Market mechanism to enable grid-aware dispatch of Aggregators in radial distribution networks
Technical Report
·
Mon Dec 20 23:00:00 EST 2021
·
OSTI ID:1972701
Robust bidding strategy for aggregation of distributed prosumers in flexiramp market
Journal Article
·
Fri Apr 08 00:00:00 EDT 2022
· Electric Power Systems Research
·
OSTI ID:1977111
Market mechanism to enable grid-aware dispatch of Aggregators in radial distribution networks
Conference
·
Fri Jul 29 00:00:00 EDT 2022
·
OSTI ID:2496227