Strengths, weaknesses, opportunities and threats of demand response in district heating and cooling systems. From passive customers to valuable assets

Buildings can deliver short-term thermal energy storage by utilising the thermal capacity of the building construction and/or by activating the water tanks included in the heating/cooling installation. The flexibility potential of demand management using decentralized thermal energy storage has been quantified in many theoretical modelling...

Aggregator's business models in residential and service sectors: A review of operational and financial aspects

Flexibility coming from consumers in residential and service sectors has received significant attention to deal with uncertainty and variability of renewable energy sources. Since these consumers are too small individually to participate in the electricity markets, their assets can be pooled by an aggregator. The aggregator can implement...

Hierarchical energy management of microgrids including storage and demand response

Battery energy storage (BES) and demand response (DR) are considered to be promising technologies to cope with the uncertainty of renewable energy sources (RES) and the load in the microgrid (MG). Considering the distinct prediction accuracies of the RES and load at different timescales, it is essential to incorporate the multi-timescale...

How do demand response and electrical energy storage affect (the need for) a capacity market?

To ensure security of supply and incentivize reliable investment in generation capacity, capacity markets (CMs) have been implemented or are being considered. However, demand response (DR) and electrical energy storage (EES) also contribute to system adequacy. In this paper, we analyse the change in the need for a CM if DR and EES are...