Journal article
Decentralized Participation of Flexible Demand in Electricity Markets-Part II: Application With Electric Vehicles and Heat Pump Systems
Dimitrios Papadaskalopoulos, Goran Strbac, Pierluigi Mancarella, Marko Aunedi, Vladimir Stanojevic
IEEE TRANSACTIONS ON POWER SYSTEMS | IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC | Published : 2013
Abstract
Realizing the significant demand flexibility potential in deregulated power systems requires its suitable integration in electricity markets. Part I of this work has presented the theoretical, algorithmic and implementation aspects of a novel pool market mechanism achieving this goal by combining the advantages of centralized mechanisms and dynamic pricing schemes, based on Lagrangian relaxation (LR) principles. Part II demonstrates the applicability of the mechanism, considering two reschedulable demand technologies with significant potential, namely electric vehicles with flexible charging capability and electric heat pump systems accompanied by heat storage for space heating. The price re..
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Awarded by Engineering and Physical Sciences Research Council
Awarded by EPSRC