Multi-Dimensional Flexibility Integration
Foundational and Conceptual Challenges
R. Saur (TU Delft - Electrical Engineering, Mathematics and Computer Science, Centrum Wiskunde & Informatica (CWI))
J.A. la Poutré – Promotor (TU Delft - Electrical Engineering, Mathematics and Computer Science, Centrum Wiskunde & Informatica (CWI))
N. Yorke-Smith – Promotor (TU Delft - Electrical Engineering, Mathematics and Computer Science)
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Abstract
The widespread adoption of renewable energy sources has greatly contributed to the fight against climate change. This success, however, has put a significant strain on power grids.
Further integration of renewable energy sources, while necessary, will require a smarter use of existing infrastructure. Power-to-gas, electric vehicles and heat pumps already allow us to provide flexibility by shifting energy use across domains. This thesis explores how new market designs can better facilitate such multi-energy flexibility.
This work discusses both foundational questions of multi-dimensional energy trading and conceptual questions of applying fairness and honesty to multi-dimensional energy markets: What are fair unit-prices when energy can be shuffled across time? How can an agent be incentivized to be honest about its forecast when it does not know it perfectly itself?