Defining the Optimal Number of Demand Response Programs and Tariffs Using Clustering Methods

Silva, Cátia; Faria, Pedro; Vale, Zita

http://hdl.handle.net/10400.22/22383

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Authors

Silva, Cátia

Faria, Pedro

Vale, Zita

Abstract(s)

Nowadays, the data can be considered an asset when properly managed. An entity with the right tool to analyse the amount of data existent and withdraw crucial information will have the power to obliterate the competition. In the Energy sector, with Smart Grid introduction, small resources have more influence in the market through Demand Response and bidirectional communication. However, none of the actual business models is prepared to deal with the uncertainty related to these resources. The authors, in order to find a solution for this complex problem, proposed a methodology which the goal is to minimize operation costs and give fair compensation for resources who participate in the management of local markets. With this fair payment, it is expected continuous participation. Through clustering methods, remuneration groups are created. In the present paper, a study about the optimal number of clusters is performed. The information gives the Aggregator control in results of the following phases, understanding the impact in the remuneration of the resources.

Keywords

Clustering Aggregation Consumers Remuneration Energy Market

URI

http://hdl.handle.net/10400.22/22383

Citation

C. Silva, P. Faria and Z. Vale, "Defining the Optimal Number of Demand Response Programs and Tariffs Using Clustering Methods," 2019 20th International Conference on Intelligent System Application to Power Systems (ISAP), 2019, pp. 1-6, doi: 10.1109/ISAP48318.2019.9065957.