Coordination Strategies for Reducing Price Volatility in Local Electricity Markets

S.T. Chakraborty

Research output: ThesisDissertation (TU Delft)

5 Downloads (Pure)

Abstract

With increasing renewable energy and cross-sectoral electrification price volatility is increasing. Flexibility through demand-side management and electric storage has the potential for reducing price volatility. In this thesis, using duality theory the flexibility required for constraining price to a maximum limit is quantified.
Coordination Strategies for Reducing Price Volatility in Local Electricity Markets investigate three case studies varying with respect to type and degree of flexible resource aggregation for constraining price. Insights generated are relevant for regulators, aggregators, energy communities, and scholars focusing on the engineering and economics of local energy systems.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Energy & Industry
Supervisors/Advisors
  • Lukszo, Z., Supervisor
  • Verzijlbergh, R.A., Advisor
Award date20 May 2022
Print ISBNs978-94-6384-331-7
DOIs
Publication statusPublished - 2022

Funding

This research has received funding from the European Union's Horizon 2020 research and innovation programme under the Marie Sklowdowska-Curie grant agreement No. 675318 (INCITE)

Keywords

  • coordination mechanisms
  • Price volatility
  • Duality theory
  • Flexibility
  • Local electricity markets

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