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• W4223454064 endingPage "107994" @default.
• W4223454064 startingPage "107994" @default.
• W4223454064 abstract "Distributed prosumers (DPs) are the grid customers that own energy production/storage assets. Due to the flexibility and fast response of their assets, they can procure ancillary service products (ASP) in the wholesale market. An appealing ASP offered by California ISO in the real-time market (RTM) is flexiramp for which market participants do not submit direct offers, and the compensation is based on their energy opportunity costs. In this paper, we propose a bidding strategy model for DP aggregator participation in the RTM considering energy and flexiramp. First, we develop a risk-averse optimization to determine the optimal energy and reserve product to trade in day-ahead market while considering proper amounts of flexiramp to trade in the RTM. In the RTM, to obtain optimal amounts of energy and flexiramp, the aggregator must submit hourly multi-level price-quantity energy bids for multiple RTM intervals with 15 min time-steps. On this basis, we propose a robust hourly economic bidding strategy model that determines the optimal energy bids in the RTM. We develop an adjustable robust counterpart of the model to address the RTM energy and flexiramp price uncertainties. The simulation results justify the efficacy of our proposed framework in gaining profits from the wholesale market." @default.
• W4223454064 created "2022-04-14" @default.
• W4223454064 creator A5001469396 @default.
• W4223454064 creator A5007985005 @default.
• W4223454064 date "2022-08-01" @default.
• W4223454064 modified "2023-10-17" @default.
• W4223454064 title "Robust bidding strategy for aggregation of distributed prosumers in flexiramp market" @default.
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• W4223454064 doi "https://doi.org/10.1016/j.epsr.2022.107994" @default.
• W4223454064 hasPublicationYear "2022" @default.
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