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Publications

Publications by CPES

2023

Impact of transaction pricing mechanisms on energy community benefits sharing

Authors
Silva, R; Faria, S; Moreno, A; Retorta, F; Mello, J; Villar, J;

Publication
2023 19TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET, EEM

Abstract
When the price of the energy shared within an energy community is based on a local energy market, it is the responsibility of each participant to bid adequately so that participating provides a larger benefit than not participating. Alternatively, centralized energy community bill minimization may be an option, but a mechanism to share the collective benefits among the members is needed. This mechanism should be fair and easy to explain, no members should be harmed with respect to their individual optimal behavior and should provide the right economic signal. This paper analyses and compares some common pricing mechanisms for the internal compensation for the energy shared among the members of an energy community centrally managed. Simple case examples are used to identify those pricing mechanisms that are fairer and provide the righter economic signals to the participants.

2023

A reinforcement learning approach to explore the role of social expectations in altruistic behavior

Authors
Castanon, R; Campos, FA; Villar, J; Sanchez, A;

Publication
SCIENTIFIC REPORTS

Abstract
While altruism has been studied from a variety of standpoints, none of them has proven sufficient to explain the richness of nuances detected in experimentally observed altruistic behavior. On the other hand, the recent success of behavioral economics in linking expectation formation to key behaviors in complex societies hints to social expectations having a key role in the emergence of altruism. This paper proposes an agent-based model based upon the Bush-Mosteller reinforcement learning algorithm in which agents, subject to stimuli derived from empirical and normative expectations, update their aspirations (and, consequently, their future cooperative behavior) after playing successive rounds of the Dictator Game. The results of the model are compared with experimental results. Such comparison suggests that a stimuli model based on empirical and normative expectations, such as the one presented in this work, has considerable potential for capturing the cognitive-behavioral processes that shape decision-making in contexts where cooperative behavior is relevant.

2023

Economic, Environmental, and Social Impacts of Renewable Energies: What have We Learned by Now?

Authors
Ramalho, E; López Maciel, M; Madaleno, M; Villar, J; Ferreira Dias, M; Botelho, A; Robaina, M;

Publication
E3S Web of Conferences

Abstract
Renewable energy is an essential driver of the energy transition towards a more sustainable world. However, sustainability requires the coordination of the economic, environmental, and social dimensions, turning it into a complex objective. The aim of this study is to review the state of the art of the articles that analyze economic, environmental, and social metrics that can be used to evaluate the impact of renewable. In addition, this work also classifies metrics into two main approaches: macro-studies, corresponding to those that evaluate based on global and aggregated impacts, and micro-studies, corresponding to those that focus on regional and local impacts. A systematic literature review was used to identify and define these main metrics, based on common research databases. Seven metrics were found and described for the environmental impact, four for the economic impact and five for the social impact. The main finding revealed that micro-studies are more prevalent in comparison to macro-studies. Moreover, the systematic literature review allows achieving the objective and highlighting the proposed sustainability assessment framework as crucial for gauging and evaluating impact metrics across the economic, social, and environmental dimensions. The difficulty in isolating and measuring each metric may be attributed to the challenges involved in studying the corresponding impact, whether at the micro or macro level. More targeted studies can help in a more efficient energy transition. © 2023 The Authors, published by EDP Sciences.

2023

A Price-Based Strategy to Coordinate Electric Springs for Demand Side Management in Microgrids

Authors
Quijano, DA; Vahid Ghavidel, M; Javadi, MS; Padilha Feltrin, A; Catalao, JPS;

Publication
IEEE TRANSACTIONS ON SMART GRID

Abstract
Electric springs (ESs) have proven effective for integrating renewable generation into power systems. An ES connected in series with a non-critical load forms a smart load whose consumption can be dynamically controlled for voltage regulation and demand side management. In most existing applications, smart loads have been devoted to providing services to the grid without accounting for their own interests. The novelty of this paper is to propose a price-based strategy to coordinate the operation of multiple ESs in microgrids. Smart loads consisting of ESs connected to electric water heaters are modeled as rational agents that locally optimize their own objectives by adjusting their consumption schedules in response to price/control signals. Such signals are determined at the microgrid central controller (MGCC) when solving the microgrid operation scheduling problem formulated to minimize the microgrid operation cost taking into account the smart loads' consumption schedules. An iterative optimization algorithm determines the equilibrium between the microgrid and smart loads' objectives requiring only the exchange of price/control signals and power schedules between the local controllers and the MGCC. Case studies show the effectiveness of the proposed strategy to economically benefit both the microgrid and smart loads when scheduling their operation.

2023

Hybrid IGDT-stochastic self-scheduling of a distributed energy resources aggregator in a multi-energy system

Authors
Vahid-Ghavidel, M; Shafie-khah, M; Javadi, MS; Santos, SF; Gough, M; Quijano, DA; Catalao, JPS;

Publication
ENERGY

Abstract
The optimal management of distributed energy resources (DERs) and renewable-based generation in multi -energy systems (MESs) is crucial as it is expected that these entities will be the backbone of future energy sys-tems. To optimally manage these numerous and diverse entities, an aggregator is required. This paper proposes the self-scheduling of a DER aggregator through a hybrid Info-gap Decision Theory (IGDT)-stochastic approach in an MES. In this approach, there are several renewable energy resources such as wind and photovoltaic (PV) units as well as multiple DERs, including combined heat and power (CHP) units, and auxiliary boilers (ABs). The approach also considers an EV parking lot and thermal energy storage systems (TESs). Moreover, two demand response (DR) programs from both price-based and incentive-based categories are employed in the microgrid to provide flexibility for the participants. The uncertainty in the generation is addressed through stochastic pro-gramming. At the same time, the uncertainty posed by the energy market prices is managed through the application of the IGDT method. A major goal of this model is to choose the risk measure based on the nature and characteristics of the uncertain parameters in the MES. Additionally, the behavior of the risk-averse and risk -seeking decision-makers is also studied. In the first stage, the sole-stochastic results are presented and then, the hybrid stochastic-IGDT results for both risk-averse and risk-seeker decision-makers are discussed. The pro-posed problem is simulated on the modified IEEE 15-bus system to demonstrate the effectiveness and usefulness of the technique.

2023

Energy storage system impact on the operation of a demand response aggregator

Authors
Vahid Ghavidel, M; Javadi, MS; Santos, SF; Gough, M; Shafie khah, M; Catala, JPS;

Publication
JOURNAL OF ENERGY STORAGE

Abstract
In this paper, we consider a demand response (DR) aggregator responsible for participating in the wholesale electricity market on behalf of the end-users who participated in the DR programs. Thus, the DR aggregator can trade its acquired DR within the short-term electricity markets, i.e., the day-ahead and the balancing (real-time) markets. In the proposed framework, the electricity market prices are considered uncertain, and a robust optimization approach is applied to address the uncertainties to maximize the profit of the DR aggregator. A model for analyzing the impact of the energy storage system (ESS) unit on a DR aggregator's performance is developed to provide more flexibility for the consumers. The direct interactions of a DR aggregator with an ESS are neglected in many models. However, this consideration can lead to improvement in the flexibility of the aggregator and also increase the profit of the entity by trading energy in the short-term markets to charge the ESS during the low-price periods and discharge it to the market while the electricity market prices are high. Hence, it is assumed that the DR aggregator owns an ESS unit and can cover a percentage of its traded power through the ESS. An analysis of the impact of the ESS unit on the DR aggregator's performance is applied to study the most appropriate size of the ESS that can maximize the profit of the aggregator. In addition, renewable energy production is employed for end-users through the installation of rooftop photovoltaic (PV) panels. This demand-side renewable generation can provide more flexibility for the participants in DR programs. Various feasible case studies have been applied to demonstrate the model's effectiveness and usefulness, and conclusions are duly drawn. The numerical results indicate that having an ESS seems necessary when the decision-maker desires to protect its profit from the worst-case scenarios and reduces the negative effect of the uncertain parameter, i.e., the wholesale electricity market prices. Thus, it can be shown that having a greater capacity for the ESS has a significant and direct impact on increasing the profit of the aggregator even in the worst-case scenarios, where the profit rises 20 % when the budget of uncertainty in the robust optimization is equal to 12.

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