Simulating Operation and Trading of Aggregated Energy Portfolios in Multi-Market Environments

Management of portfolios containing a mix of generation and consumption assets involves a wide range of strategies, encompassing both internal optimizations and market participation. However, the feasible actions during real-time operations depend on several factors, including the state of associated devices, power system demand, and external influences. Our aim with this study is to present a combined technical and market model that simulates potential operational strategies. This model generates time-series data representing energy transactions, revenues, and costs for an aggregator managing diverse assets. The data generated are based on realistic scenarios, reflecting true market pricing conditions and the dynamics of specific sub-markets.

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Publication Details

Published
2024-09-30
DOI
https://doi.org/10.1109/pemc61721.2024.10726387
Primary Topic
Electric Power System Optimization
Type
article
Field-Weighted Citation Impact
0.00

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article

Simulating Operation and Trading of Aggregated Energy Portfolios in Multi-Market Environments

Attila Fodor, Attila Magyar, István Balázs, Gábor Oláh et al.
Electric Power System Optimization
article

Simulating Operation and Trading of Aggregated Energy Portfolios in Multi-Market Environments

Attila Fodor, Attila Magyar, István Balázs, Gábor Oláh, Imre Pácsonyi
article en

Abstract

Management of portfolios containing a mix of generation and consumption assets involves a wide range of strategies, encompassing both internal optimizations and market participation. However, the feasible actions during real-time operations depend on several factors, including the state of associated devices, power system demand, and external influences. Our aim with this study is to present a combined technical and market model that simulates potential operational strategies. This model generates time-series data representing energy transactions, revenues, and costs for an aggregator managing diverse assets. The data generated are based on realistic scenarios, reflecting true market pricing conditions and the dynamics of specific sub-markets.

University of Pannonia (HU)
Innovation Fund
Affordable and clean energy
Openalex Percentile: Top 83%
Electric Power System Optimization
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