Optimal coordinated bidding of a profit-maximizing heat pump aggregator: The Dutch case

Yelena Vardanyan, Armin Wolf, Peder Bacher, Katerina Valalaki, Kenneth Leerbeck, Roland Tual, Silke Cuno

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

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Abstract

An aggregator is a business entity enabling smooth cooperation between a System Operator (SO) and small customers to trade electric power. In this cooperation each market actor (aggregator, small customer, system operator) looks for its own economic incentives. In this paper, we consider an
aggregator, who manages a portfolio of domestic heat pumps (HPs). The aggregator aims at maximizing its profit while trading energy and providing balancing power in wholesale markets. The paper develops a Mixed Integer Linear Program (MILP) for optimal coordinated bidding of HPs consumption power in competitive day-ahead and real-time markets. The model enables an aggregator to shift the consumption of HPs to hours with lower market prices, while respecting the comfort of involved houses. A case has been studied based on data from Dutch pilot built in the scope of FLEXCoop project. Day-ahead and balancing market prices have been obtained from TenneT.
Original languageEnglish
Title of host publicationProceedings of 2020 International Conference on Smart Grids and Energy Systems
Number of pages6
PublisherIEEE
ISBN (Print)978-1-7281-8550-7
Publication statusAccepted/In press - 2021
EventInternational Conference on Smart Grids and Energy Systems - Virtual event, Perth, Australia
Duration: 23 Nov 202026 Nov 2020
http://www.sges2020.org

Conference

ConferenceInternational Conference on Smart Grids and Energy Systems
LocationVirtual event
CountryAustralia
CityPerth
Period23/11/202026/11/2020
Internet address

Keywords

  • Optimal bidding
  • Aggregator
  • Heat pump units

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