Potential impact of load curtailment on the day-ahead iberian market: A preliminary analysis

Francisco Rodrigues, Hugo Algarvio, Fernando Lopes, Anabela Pronto, João Santana

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Demand response (DR) in electricity markets may offer a variety of financial and operational benefits. Typically, customers respond to DR events by adopting curtailment and shifting strategies. This article focuses on the former strategy and assumes that consumers are encouraged to avoid consuming electricity during specific hours of a 24 h day, because the energy price is above a given threshold. It presents a study on the Iberian market, conducted with the help of an agent-based simulation tool, called MATREM. The results are very favorable to the adoption of the load curtailment strategy (as a consequence of the enrollment in different DR programs).

Original languageEnglish
Title of host publicationHighlights of Practical Applications of Survivable Agents and Multi-Agent Systems. The PAAMS Collection - International Workshops of PAAMS 2019, Proceedings
EditorsFernando De La Prieta, Alfonso González-Briones, Pawel Pawleski, Davide Calvaresi, Elena Del Val, Vicente Julian, Fernando Lopes, Eneko Osaba, Ramón Sánchez-Iborra
Place of PublicationCham
PublisherSpringer Verlag
Pages211-218
Number of pages8
ISBN (Electronic)978-3-030-24299-2
ISBN (Print)978-3-030-24298-5
DOIs
Publication statusPublished - 1 Jan 2019
Event17th International Conference on Practical Applications of Agents and Multi-Agent Systems, PAAMS 2019 - Ávila, Spain
Duration: 26 Jun 201928 Jun 2019

Publication series

NameCommunications in Computer and Information Science
PublisherSpringer Verlag
Volume1047
ISSN (Print)1865-0929
ISSN (Electronic)1865-0937

Conference

Conference17th International Conference on Practical Applications of Agents and Multi-Agent Systems, PAAMS 2019
CountrySpain
CityÁvila
Period26/06/1928/06/19

Keywords

  • Demand response
  • Electricity markets
  • Load curtailment
  • MIBEL
  • The MATREM system

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    Rodrigues, F., Algarvio, H., Lopes, F., Pronto, A., & Santana, J. (2019). Potential impact of load curtailment on the day-ahead iberian market: A preliminary analysis. In F. De La Prieta, A. González-Briones, P. Pawleski, D. Calvaresi, E. Del Val, V. Julian, F. Lopes, E. Osaba, ... R. Sánchez-Iborra (Eds.), Highlights of Practical Applications of Survivable Agents and Multi-Agent Systems. The PAAMS Collection - International Workshops of PAAMS 2019, Proceedings (pp. 211-218). (Communications in Computer and Information Science; Vol. 1047). Cham: Springer Verlag. https://doi.org/10.1007/978-3-030-24299-2_18