A Framework for Assessing the Participation of Aggregated Flexible Loads in Power Markets

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Abstract

This paper introduces a parametrized analyzing framework for facilitating power market participation of flexible loads specifically industrial through the aggregation of consumers. By combining flexible loads’ potential, the demand response of the industrial sector can be mobilized and made available, particularly when the qualification limits cannot be met by single industrial plants. To aggregate the flexibility potential of flexible consumers, an analysis framework is necessary to streamline the calculation process for aggregators and plant owners to estimate their potential and prerequisites to participate in various power markets. This paper proposes a simplified approach to categorize the combination of flexible industries into parallel and series configurations. A set of calculations and assumptions is presented to obtain the values for the flexibility parameters of the aggregated industries. The results of this study provide insights into the potential benefits and challenges associated with aggregating industrial consumers in power markets.
Original languageEnglish
Title of host publicationProceedings of 2024 IEEE Power & Energy Society Innovative Smart Grid Technologies Conference (ISGT)
Number of pages5
PublisherIEEE
Publication date2024
ISBN (Electronic)979-8-3503-1360-4
DOIs
Publication statusPublished - 2024
Event2024 Conference on Innovative Smart Grid Technologies, North America - Washington D.C., United States
Duration: 19 Feb 202422 Feb 2024

Conference

Conference2024 Conference on Innovative Smart Grid Technologies, North America
Country/TerritoryUnited States
CityWashington D.C.
Period19/02/202422/02/2024

Keywords

  • Demand response
  • Flexibility aggregation analysis
  • Industrial flexibility
  • Power markets

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