Published 2024 | Version v1
Publication

Day-Ahead Programming of Energy Communities Participating in Pay-as-Bid Service Markets

Description

This paper proposes an optimal strategy for a Renewable Energy Community participating in the Italian pay-as-bid ancillary services market. The community is composed by a group of residential customers sharing a common facility equipped with a photovoltaic power plant and a battery energy storage system. This battery is employed to maximize the community cash flow obtained by the participation in the services market. A scenario-based optimization problem is defined to size the bids to be submitted to the market and to define the corresponding optimal battery energy exchange profile for the day ahead. The proposed optimization scheme is able to take into account the probability of acceptance of the service market bids and the uncertainties in the forecasts of photovoltaic generation and energy demands. Results prove the effectiveness of the approach and the economic advantages of participating in the service market.

Additional details

Identifiers

URL
https://hdl.handle.net/11567/1230715
URN
urn:oai:iris.unige.it:11567/1230715

Origin repository

Origin repository
UNIGE