Location
Online
Event Website
https://hicss.hawaii.edu/
Start Date
3-1-2023 12:00 AM
End Date
7-1-2023 12:00 AM
Description
The problem of the large-scale aggregation of behind-the-meter demand and generation resources by a distributed-energy-resource aggregator (DERA) is considered. As a wholesale market participant, a DERA maximizes its profit while providing competitive services to its customers with higher consumer/prosumer surpluses than those offered by the distribution utilities or community choice aggregations. A constrained profit maximization program for aggregating behind-the-meter generation and consumption resources is formulated, from which payment functions for the behind-the-meter consumptions and generations are derived. Also obtained are DERA’s bid and offer curves for its participation in the wholesale energy market.
Recommended Citation
Chen, Cong; Alahmed, Ahmed; Mount, Timothy; and Tong, Lang, "Competitive DER Aggregation for Participation in Wholesale Markets" (2023). Hawaii International Conference on System Sciences 2023 (HICSS-56). 9.
https://aisel.aisnet.org/hicss-56/es/renewable_resources/9
Competitive DER Aggregation for Participation in Wholesale Markets
Online
The problem of the large-scale aggregation of behind-the-meter demand and generation resources by a distributed-energy-resource aggregator (DERA) is considered. As a wholesale market participant, a DERA maximizes its profit while providing competitive services to its customers with higher consumer/prosumer surpluses than those offered by the distribution utilities or community choice aggregations. A constrained profit maximization program for aggregating behind-the-meter generation and consumption resources is formulated, from which payment functions for the behind-the-meter consumptions and generations are derived. Also obtained are DERA’s bid and offer curves for its participation in the wholesale energy market.
https://aisel.aisnet.org/hicss-56/es/renewable_resources/9