A non-cooperative market model extension for USEF

Werf, H.J. van der (2017) A non-cooperative market model extension for USEF. Master's Thesis / Essay, Industrial Engineering and Management.

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Abstract

The production and consumption of renewable energy has been increasing in recent years and the ambition of various countries, including the Netherlands, is to increase the share of renewable energy even more. Transitioning from fossil fuels to renewable energy requires the introduction of a smart grid. In the Netherlands the USEF Foundation intends to optimize the production, delivery and management of energy at the lowest cost. It introduces a market that utilizes the value of controlling the demand via flexible devices. The goal is to let the consumption profile match the volatile production.newline This thesis extends existing research by developing a simulation model that integrates the objectives of different actors on the market for flexibility. The objectives of the BRP, the aggregator, the DSO and the prosumer are taken into account. This thesis specifically designs a compensation mechanism for the prosumer, including the adjustment of comfort levels. It additionally introduces a new offer selection procedure for the BRP. The congestion management procedure is adapted to fit the new design.newline The simulation shows how the different actors interact on the flexibility market. It is shown that the introduced compensation mechanism increases the available flexibility in the network. The selection procedure for the BRP ensures a better selection of offers, while the congestion management procedure shows the potential to reduce congestion.

Item Type:	Thesis (Master's Thesis / Essay)
Degree programme:	Industrial Engineering and Management
Thesis type:	Master's Thesis / Essay
Language:	English
Date Deposited:	15 Feb 2018 08:26
Last Modified:	15 Feb 2018 08:26
URI:	https://fse.studenttheses.ub.rug.nl/id/eprint/14822

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