Coordination Strategies for Reducing Price Volatility in Local Electricity Markets
S.T. Chakraborty (TU Delft - Technology, Policy and Management)
Z. Lukszo – Promotor (TU Delft - Technology, Policy and Management)
R.A. Verzijlbergh – Copromotor (TU Delft - Technology, Policy and Management)
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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.