Incentives for Demand Response and Flexibility Services Procured from Energy Storage Systems

With increasing penetration of renewable energy resources and uncertainty in electricity market prices, Energy Storage Systems (ESS) can play an important role by providing the Distribution System Operator (DSO) with Demand Response (DR) and flexibility services. This work proposes a bilevel optimiz...

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Bibliographic Details
Main Authors: Alrumayh, Omar, Wong, Steven, Alharbi, Hisham, Bhattacharya, Kankar
Format: Conference Proceeding
Language:English
Subjects:
Demand response
Distribution system operator
Energy storage system
Flexibility
Online Access:Request full text
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Summary:With increasing penetration of renewable energy resources and uncertainty in electricity market prices, Energy Storage Systems (ESS) can play an important role by providing the Distribution System Operator (DSO) with Demand Response (DR) and flexibility services. This work proposes a bilevel optimization approach to determine the incentives for DR and flexibility offered by the DSO (leader) considering ESS as service providers (followers). The proposed model preserves the participants' rights to control their flexible resources while ensuring monetary benefits for them.
ISSN:1944-9933
DOI:10.1109/PESGM41954.2020.9282119