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Baseline methods for distributed flexibility in power systems considering resource, market, and product characteristics

L. Lind, J.P. Chaves, M. Valarezo, A. Sanjab, L. Olmos

Utilities Policy Vol. 86, pp. 101688-1 - 101688-10

Resumen:

Emerging flexibility markets are increasingly characterised by many product characteristics, differing flexibility buyers, and a disparate set of potential Flexibility Service Providers (FSPs), including those connected to the distribution networks. The FSPs that do not have an individual schedule from previous markets (e.g., wholesale energy markets) need a counterfactual to verify service provision, often called the baseline. This paper investigates the fitness of various baseline methodologies while considering different resource, market, and product characteristics. A novel baseline decision framework is proposed. The analysis showcases that no one-size-fits-all baseline method exists while proposing alternatives for FSP types and flexibility market conditions.


Palabras Clave: BaselineDistributed energy resourcesFlexibility service provisionAggregation


Índice de impacto JCR y cuartil WoS: 4,000 - Q2 (2022)

Referencia DOI: DOI icon https://doi.org/10.1016/j.jup.2023.101688

Publicado en papel: Febrero 2024.

Publicado on-line: Diciembre 2023.



Cita:
L. Lind, J.P. Chaves, M. Valarezo, A. Sanjab, L. Olmos, Baseline methods for distributed flexibility in power systems considering resource, market, and product characteristics. Utilities Policy. Vol. 86, pp. 101688-1 - 101688-10, Febrero 2024. [Online: Diciembre 2023]


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