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

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.