2023
Authors
Santos, P; Rezende, I; Soares, T; Miranda, V;
Publication
2023 19TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET, EEM
Abstract
The rising potential for battery energy storage systems (BESS) to generate revenue in a market environment is addressed in this work, where a tool based on neural network predictions is proposed. The tool's main objective is predicting, based on historical data, the most lucrative out of three established bidding approaches for the participation of a BESS in the day-ahead energy market and thus aid the strategic bidding process of the BESS operator. Each of these bidding strategies reflects BESS's operator approach concerning bidding frequency and the tolerated risk of loss of profit from having its bids rejected, leading to the development of a conservative (strategy A), an aggressive (strategy B), and a moderate strategy (strategy C). A case study was then used to test the tool for a full year allowing to ascertain the assertiveness of this tool in predicting the best strategy, which for this case was above 88%.
2023
Authors
Agrela, J; Rezende, I; Soares, T; Gouveia, C; Silva, R; Villar, J;
Publication
2023 19TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET, EEM
Abstract
This work presents an approach to the flexibility of energy consumption in Renewable Energy Communities (RECs). A two-stage model for quantifying the flexibility provided by the domestic energy resources operation and its negotiation in a market platform is proposed. In stage 1, the optimal consumption of each prosumer is determined, as well as the respective technical flexibility of their resources, namely the maximum and minimum resource operation limits. In stage 2, this technical flexibility is offered in a local flexibility-only market structure, in which both the DSO and the prosumers can present their flexibility needs and requirements. The flexibility selling and buying bids of the prosumers participating in the market are priced based on their base tariff, which is the energy cost of the prosumers corresponding to their optimal schedule of the first stage when no flexibility is provided. Therefore, providing flexibility is an incentive to reduce their energy bill or increase their utility, encouraging their participation in the local flexibility market.
2024
Authors
Rodrigues L.; Soares T.; Rezende I.; Fontoura J.; Miranda V.;
Publication
International Journal of Hydrogen Energy
Abstract
Power-to-Hydrogen (P2H) clean systems have been increasingly adopted for Virtual Power Plant (VPP) to drive system decarbonization. However, current models for the joint operation of VPP and P2H often disregard the full impact on grid operation or hydrogen supply to multiple consumers. This paper contributes with a VPP operating model considering a full Alternating Current Optimal Power Flow (AC OPF) while integrating different paths for the use of green hydrogen, such as supplying hydrogen to a Combined Heat and Power (CHP), industry and local hydrogen consumers. The proposed framework is tested using a 37-bus distribution grid and the results illustrate the benefits that a P2H plant can bring to the VPP in economic, grid operation and environmental terms. An important conclusion is that depending on the prices of the different hydrogen services, the P2H plant can increase the levels of self-sufficiency and security of supply of the VPP, decrease the operating costs, and integrate more renewables.
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