A Price-Dynamic Model of Flexibility in the Electricity Market of the Future

To match supply from intermittent renewable energy sources (RES) with demand, it is proposed in literature to introduce flexibility in the electricity market of the future. Flexibility can be provided by energy storage, demand response and cross-border transmission. In this thesis flexibility is modeled explicitly through the price mechanism of...

Real Time Market Based Control of Flexible Distributed Energy Resources

Advancements in the field of Information and Communication Technologies (ICT) has enabled the possibility to utilize the flexibility offered by responsive assets in a better way by employing Demand Response (DR) schemes. This thesis analyzes the performance of one such DR scheme developed at TU Delft called Forecast mediated Market Based Control...

Simulating the flexibility potential of demand response with heat pumps in the Netherlands

The growth of electricity generated by renewables increases the intermittency of the Dutch electricity production. To deal with this, the Dutch power system requires a higher amount of flexibility in the future. Demand response with heat pumps is one of the options with a high potential to provide flexibility, because it offers the potential to...