Value of thermostatic loads in energyffirequency response markets: A mean field game approach

Antonio De Paola, Vincenzo Trovato, David Angeli, Goran Strbac

Research output: Chapter in Book/Report/Conference proceedingConference contribution

28 Downloads (Pure)

Abstract

This paper studies the distributed coordination of large populations of thermostatically controlled loads (TCLs). It is assumed that each TCL operates in an integrated energy/frequency response market and reacts to broadcast prices in order to minimize its energy cost and, at the same time, maximize its revenues from frequency response. A mean field game is used to model the competing interactions between the TCLs, quantify their impact on the system unit commitment and characterize the desired market equilibrium solution. This approach is then compared with a no-flexibility case in a 2030 scenario of the GB system, assessing the potential benefits of different types of flexible price-responsive TCLs in terms of cost reduction for the individual customers and for the overall system.
Original languageEnglish
Title of host publication2019 IEEE Milan PowerTech, PowerTech 2019
PublisherIEEE
ISBN (Electronic)9781538647226
DOIs
Publication statusPublished - 26 Aug 2019
EventIEEE Milan PowerTech - Milan, Italy
Duration: 23 Jun 201927 Jun 2019

Publication series

Name2019 IEEE Milan PowerTech, PowerTech 2019

Conference

ConferenceIEEE Milan PowerTech
CountryItaly
CityMilan
Period23/06/1927/06/19

Keywords

  • Distributed control
  • Mean field games
  • Thermal energy storage
  • Thermostatic loads

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Energy Engineering and Power Technology
  • Renewable Energy, Sustainability and the Environment
  • Safety, Risk, Reliability and Quality

Fingerprint Dive into the research topics of 'Value of thermostatic loads in energyffirequency response markets: A mean field game approach'. Together they form a unique fingerprint.

Cite this