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Advisor(s)
Abstract(s)
The provision of reserves in power systems is of great
importance in what concerns keeping an adequate and
acceptable level of security and reliability. This need for reserves
and the way they are defined and dispatched gain increasing
importance in the present and future context of smart grids and
electricity markets due to their inherent competitive environment.
This paper concerns a methodology proposed by the
authors, which aims to jointly and optimally dispatch both
generation and demand response resources to provide the
amounts of reserve required for the system operation. Virtual
Power Players are especially important for the aggregation of
small size demand response and generation resources. The
proposed methodology has been implemented in MASCEM, a
multi agent system also developed at the authors’ research
center for the simulation of electricity markets.
Description
Keywords
Ancillary services Demand Response Joint market simulation Multi agent systems Virtual Power Player